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.

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More Stories on Hedge Funds

Praesidium Investment Management Pushes for Sale of Instructure

November 7, 2019

Praesidium Investment Management is the latest firm to push for a sale of education software firm Instructure. The activist hedge fund has reportedly found “dozens” of private equity or other strategic buyers.

D.E. Shaw

Emerson Electric Concedes to Activist Fund, Appoints Mark Blinn to Board

November 7, 2019

Emerson Electric, a U.S. factory automation company, has appointed Mark Blinn to its board of directors.

Bridgewater Associates Ray Dalio

Ray Dalio Thinks the World Has Gone Mad

November 6, 2019

Bridgewater Associates chief Ray Dalio issued a lengthy warning to the global markets. In a LinkedIn post date November 5, Dalio said that the “World has gone mad and the system is broken” in his title. 

Leon Cooperman: Stop Vilifying Billionaires

November 4, 2019

Hedge fund manager tears up while discussing the political divide Hedge fund manager Leon Cooperman teared up on CNBC Monday while discussing his spat with Elizabeth Warren. The U.S. Senator and Democratic candidate called Cooperman out recently as part of her broader vilification of billionaires. Cooperman recently sent a letter to Warren discussing his career…

Francesco Trapani to Launch Bluebell Active Equity Fund

Francesco Trapani to Launch Bluebell Active Equity Fund

November 1, 2019

Francesco Trapani will launch a hedge fund alongside two advisors of Elliott Management. The former head of Italian jeweler Bulgari SpA is partnering with Marco Taricco and Giuseppe Bivona to start the Bluebell Active Equity Fund. The fund will launch Nov. 11 with roughly 50 million euros ($55.7 million) under management.

Leon Cooperman Writes Scathing Letter to Senator Elizabeth Warren

November 1, 2019

Leon Cooperman rips Elizabeth Warren in new letter for ‘soak-the-rich positions,’ and treating him like ‘an ungrateful child’

Nelson Peltz and Proctor & Gamble

Nelson Peltz Sells 2.1 Million Shares of P&G Stock

November 1, 2019

Activist investor Nelson Peltz has sold about $267 million in Proctor & Gamble stock over three days. The CEO of the Trian Fund dropped about 2.1 million shares. 

Howard Brevan

Alan Howard Steps Down from His Post

October 31, 2019

Alan Howard, the founder of Brevan Howard Asset Management, is stepping down from his role as CEO. According to reports, Aron Landy, the firm’s chief risk officer, will assume the CEO role.

Activist Bill Ackman

Activist Bill Ackman: WeWork is Worth “Zero”

October 31, 2019

Activist Bill Ackman thinks that WeWork might be worthless. During a talk at the Robin Hood investor conference, the hedge fund manager raised concerns about the work-sharing firm’s balance sheet.

AT&T Defuses Hedge Fund Elliott Management Pressure With Three-Year Plan

October 28, 2019

Activist hedge fund Elliott Management took aim at AT&T Corporation in September. Elliott had proposed cost cuts, divestment of certain businesses, and a freeze on further acquisitions. Now, the telecom giant has pushed back with a three-year plan to diffuse Elliott’s activist pressures.

Aecom-Canyon Partners

AECOM-Canyon Partners Raise $500 Million for Flagship Fund

October 28, 2019

AECOM-Canyon Partners has closed a $500 million fund. The fund is a joint venture between the AECOM and California-based hedge fund Canyon Partners.

AllFunds Reaches New Partnership With BNP Paribas

October 21, 2019

AllFunds has announced a partnership with BNP Paribas. According to terms, BNP is taking a 2.5% stake in the world’s largest fund distribution network.

AT&T and Activist Elliott Management Said to Be in Talks

October 18, 2019

According to the sources, AT&T and Elliott Management have held discussions, and there is an ongoing dialogue. The two parties may likely agree as early as this month, the Wall Street Journal said. However, there is still a risk that talks could break down.

BlackRock and Climate Issues

Climate Change Protests in London: Activists Glue Themselves to BlackRock’s Doors

October 14, 2019

Climate change activists took on the world’s biggest financial institutions today, specifically BlackRock and the Bank of England, in London. They demanded the cessation of funding of a looming environmental crisis.

Martin Taylor and Hedge Fund Crake Asset Management Start Trading

October 8, 2019

Martin Taylor shut down Nevsky Capital three years ago. But he’s proven that top-performing managers – rare as they are – can stay away for too long. Taylor has returned to the markets with Crake Asset Management. The firm started trading last week after it raised $1.6 billion.  

Elliott Management and Apollo Global

Hedge Elliott Management May Join Apollo Global Management to Save EP Energy Corp.

October 7, 2019

The EP Energy bankruptcy might have a pair of saviors. Apollo Global Management and Elliott Management have put together a rescue plan for the bankrupt firm. A deal would allow Apollo to keep control of the oil and gas developer.

Appaloosa Management

Hedge Fund Manager David Tepper Lays Out Family Office Plan

October 7, 2019

David Tepper, the billionaire hedge fund manager, will soon return capital to investors as he shifts toward a family office. However, Tepper will continue to manage money for 15 lucky investors. 

Jon Jacobson

Hedge Fund Solel Partners Launches with $600 Million AUM

October 3, 2019

Solel Partners began trading this week with $600 million AUM. According to Bloomberg, former Highfields Capital Management partners Craig Peskin and Peter Fleiss are leading the fund.

AC Milan Back on the Block: Elliott Management

September 30, 2019

AC Milan, the Italian football giant, is back on the sales block. According to multiple reports, hedge fund Elliott Management may sell the club to French billionaire Bernard Arnault by the end of the year.

Emerson Electric

D. E. Shaw Targets Emerson Electric

September 30, 2019

Emerson Electric, the industrial conglomerate and Fortune 500 company, is in the cross-hairs of hedge fund D.E. Shaw.

BlackRock Hires

Citadel Launches Zurich Office (And People on the Move)

September 27, 2019

Hedge fund Citadel is launching a new office in Zurich. The new space will host its marketing-arm, Citadel Securities, according to the firm. This division is one of the world’s top shops for high-frequency trading.

Richard Grossman: Preparing for Shareholder Activism On Your M&A Deal

September 26, 2019

Richard Grossman, a partner in Skadden’s M&A practice, has advice on tackling activist hedge funds during an M&A transaction.

eVestment: August 2019 Redemptions Top $6.5 Billion

September 26, 2019

August 2019 redemptions from hedge fund hit $6.51 billion for global hedge funds, according to eVestment’s newest asset flows report. The additional outflows drove the total withdraws from hedge funds to negative ($63.61) billion in 2019.

September 26, 2019

Jason Mudrick, manager of Mudrick Capital Management, has been one of the top industry performers in 2019. Now, he’s under pressure due to e-cigarettes.