Hedge Funds

Hedge Funds

With global hedge fund assets at roughly $3.45 trillion (and growing by double-digit percentages each year), money managers have a greater influence on public and private markets than ever before. DailyAlts covers every element of the hedge fund industry – from changing performance structures to manager strategies, from regulatory oversight to activist holdings, and from new fund launches to the liquidation of underperformers. This channel is your one-stop-shop for daily news and insights for the influential and topical hedge fund space.

Top Story

Alternative Investments: Investors Turn To Alternatives For ‘A.I.D.’ (JPMorgan Report)

January 20, 2021

The events of 2021 forced us all to reconsider what the “essentials” in our lives are: Health professionals, our family, our health, home, friends, and a good internet connection. The third annual Global Alternatives Outlook by J.P. Morgan Asset Management recommends you add another item to that list of essentials – alternative investments.

Read More...

Get Daily Updates

Subscribe to DailyAlts Today to get Alternative Investment news, insight, and commentary delivered straight to your inbox every day.

  • This field is for validation purposes and should be left unchanged.

More Stories on Hedge Funds

Elizabeth Warren and Hedge Funds

The Elizabeth Warren Hedge Fund Short Bet Has Been Placed

November 27, 2019

Elizabeth Warren and hedge funds go together like oil and water. Over the last month, big hedge fund names like Leon Cooperman and Steven Cohen have warned about the threat of Elizabeth Warren to the financial markets. 

Hedge Fund Stone Milliner Asset Management Will Shutter

November 27, 2019

Macro hedge fund Stone Milliner Asset Management is closing its doors. The company announced it would return capital to investors in the face of weak performance and ongoing outflows.

Activist Hedge Fund Starboard Value Takes Stake in CVS Health

November 26, 2019

Starboard Value Buys a Stake in the Pharmacy Benefits Giant CVS Health has a new activist investor circling around it. The Wall Street Journal reported Monday that Starboard Value has purchased a stake in the pharmacy and health benefits giant. Reports indicate that Starboard has a small stake in CVS and that management has already discussed…

Bridgewater Associates Ray Dalio

Ray Dalio Says He Isn’t Shorting the Market

November 25, 2019

Bridgewater Associates’ Ray Dalio said Friday that his hedge fund isn’t shorting the markets. In a Tweet, Dalio refuted a Wall Street Journal report about his firm’s position.

Sen. Charles Schumer to Watch Alden Global “Like a Hawk”

November 25, 2019

Chuck Schumer says he’s keeping a close eye on hedge fund Alden Global Capital. The Democratic Senator from New York has raised concerns about Alden’s recent stake in Tribune Publishing, a publisher of local newspapers. Alden recently purchased a 25.2% stake in the firm from Michael Ferro.

Greg Coffey’s Hedge Fund is Up 29%

November 25, 2019

Greg Coffey retired at the age of 41 after time at GLG Partners and Moore Capital Management and returned to Sydney, Australia. But six years later, he announced plans to start a new fund.

Bridgewater Associates Ray Dalio

Ray Dalio Is Shorting the World

November 22, 2019

Hedge fund manager Ray Dalio is shoring the markets. The largest hedge fund in the world – Bridgewater Associates – has a $1.5 billion bet that the markets will fall by March. The Wall Street Journal reports that these wagers will pay if either the Euro Stoxx 500 or S&P 500 decline.

Preqin: Hedge Fund Performance Improved Again in October

November 22, 2019

Hedge fund performance remained strong in October. As investors cheered lower interest rates and progress on trade between the U.S. and China, hedge funds returned 1.06% for the month. That figure comes from the Preqin AllStrategies Hedge Fund benchmark. This figure followed an uptick of 0.4% in September.

Hedge Fund Firefly Demands Board Seat at Gulfport Energy

November 22, 2019

Firefly Value Partners is taking the activist approach with Gulfport Energy. The hedge fund has demanded a seat on the board of directors at the energy firm.

SS&C GlobeOp’s Forward Redemption Indicator was 4.81% for November 2019

November 22, 2019

The SS&C GlobeOp Hedge Fund Performance Index for November arrived today. Here is a recap from the group’s press release from November 21, 2019. 

September Hedge Fund Redemptions Continue into Fourth Straight Month

November 22, 2019

Hedge fund redemptions continued for the fourth straight month in September. BarclayHedge says that investors’ redemptions hit net $14.7 billion in September. The figure comprised 0.5% of total hedge fund assets. 

Louis Bacon to Shutter Hedge Fund Moore Capital

November 21, 2019

Louis Bacon will close his New York hedge fund Moore Capital and return money to investors. The Financial Times first reported the story on Thursday morning. The decision comes after three decades of tepid performance by the money managers’ hedge funds.

Broadridge Financial Solutions Buys ClearStructure Financial Technology

November 21, 2019

Broadridge Financial Solutions announced today that it has purchased ClearStructure Financial Technology, a global provider of portfolio management solutions for the private debt markets.

Premium Point Investments

Prison For the Man Who Tried to Scam The Mooch

November 20, 2019

Premium Point Investments trader receives 40 months in prison for a mismarking scheme. Anthony Scaramucci has received justice from the firm that caused Skybridge Capital about a $79 million loss. Scaramucci’s fund of funds had sued Premium Point Investments on claims that the investment firm inflated the value of its hedge fund assets. Skybridge announced…

Alden Global Capital Buys Stake in Tribune Publishing

November 20, 2019

Alden Global Capital has purchased Michael Ferro’s 25.2% stake in Tribune Publishing. Ferro was the largest shareholder of the newspaper company. The deal priced the stake at 9 million shares at $13 each. That brings the value of Ferro’s stake to $117 million.

Carl Icahn

Icahn Capital, Berkshire Hathaway and the Battle Over Occidental  

November 18, 2019

Icahn Capital and Berkshire Hathaway were among the asset managers to release 13Fs last week. While Warren Buffett boosted his stake over Occidental Petroleum, Carl Icahn faced a setback in his legal battle against the company.

ExodusPoint Will Reopen and Raise Another $2 Billion

November 18, 2019

ExodusPoint Capital Management will reopen its arms in 2020 to add a few billion to its AUM. The hedge fund was the industry’s largest in 2018 at $8 billion.

Hedge Fund Scandal Triggers Run on South Korean Firms

November 18, 2019

South Korea hedge funds are experiencing the worst run on assets in history. A scandal at Lime Asset Management has fueled outflows on local hedge funds.

Another Shot to Icahn – HP Rejects Xerox Takeover Bid

November 18, 2019

Carl Icahn and Xerox will have to do more to convince HP to accept a takeover bid.

On Sunday, HP’s board of directors rejected an unsolicited $22 per share offer for the company.

Hawaiian Electric to Activist Fund: We’re Not Looking Outside for New Leader

November 14, 2019

Hawaiian Electric slammed activist hedge fund ValueAct this week. The company responded to the activist fund’s call to locate a successor for its President and CEO Constance Lau.  ValueAct has a $50 million stake in the company.

HP-Xerox Merger

Carl Icahn Takes Stake in HP, Pushes for Xerox Merger

November 14, 2019

Activist investor Carl Icahn has purchased roughly $1.2 billion in HP Inc. stock. Icahn is now pushing the personal computer maker to merge with printing giant Xerox. Icahn now owns a 4.2% stake in HP. He also owns 10.6% of Xerox. 

Remington Outdoor Company

Hedge Fund Whitebox Advisors is Making a Big Bet on Gunmaker Remington

November 12, 2019

Whitebox Advisors is replacing a number of banks as a lender to Remington Outdoor Company. While Wall Street turns away from gun producers, the credit-focused hedge fund sees opportunity on the horizon.

Occidental Petroleum and Carl Icahn

Carl Icahn: Gee… Occidental Petroleum is a lot like WeWork

November 11, 2019

Occidental Petroleum took a shot from activist investor Carl Icahn in more ways from one. Icahn slashed his stake in the company and threatened to launch a proxy fight.

Elliott Management

Elliott Management Supports Split of Nielsen Holdings

November 8, 2019

Nielsen Holdings has announced plans to split itself into two separate public companies. The plan – backed by Elliott Management – will unlock shareholder value.