Hedge Funds

Hedge Fund Industry Loses Early Torchbearer Arthur Samberg

Pequot Founder’s Legacy. Arthur Samberg, founder of Connecticut-based Pequot Capital Management, at one time one of the world’s leading funds, passed earlier this month after suffering from leukemia. Samberg led a long career in finance, and was moved into the spotlight following Pequot’s founding back in 1999.  The firm was successful in its early days, …

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Hedge Fund MingShi + AI = $1 Billion Blockbuster

Chinese AI-Powered Hedge Fund Nears $1 Billion  Shanghai-based hedge fund MingShi Investment Management implements artificial intelligence as its main strategy for making investments.  The firm has already raised $600 million in the last four months and is moving quickly at secure another $400 million in the coming days. According to MingShi partner Stepham Zhou, “China …

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Liquid Alternatives Showing Their Strength Amid 2020’s Volatility

Wilshire Liquid Alternative Index Up in June. The Wilshire Liquid Alternative Index was up nearly 1% in June, continuing to show strength in navigating this year’s wild market ride. The Index is a benchmark for the performance of Liquid Alternative Funds. Longtime Wilshire Associates veteran, Jason Schwarz, said that “Markets rallied in the second quarter …

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Hedge Funds: London-Based Hedge Fund to Retreat Following Losses

Sloane Robinson, a London-based Hedge Fund co-founded by George Robinson, is set to close by the end of this year.  This decision was based primarily on a decline in the firm’s assets under management.  The firm was also lacking in performance which was mainly due to volatile markets resulting from Covid-19.  Sloane Robinson’s Global Frontier …

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Billionaire Bill Ackman

Hedge Funds: A Reminder, Bill Ackman is Doing Fine

Bill Ackman is doing well in 2020. 

In the wake of the COVID-19 pandemic, Pershing Square Capital Management has returned 22% to 27% this year. That easily tops the S&P 500. It has been quite a run for Ackman, whose fund made more than $2 billion while hedging on a downturn at the start of the outbreak. Ackman famously warned that “hell is coming” when urging  President Donald Trump to shut down the U.S. economy for 30 days.