A fund nicknamed '50 Cent' made $2.6 billion hedging the coronavirus sell-off
A London fund nicknamed "50 Cent" made $2.6 billion hedging the market meltdown, the Financial Times reported.Ruffer invested $22 million in VIX derivatives that surged to more than $800 million during...
View ArticleLeaked letter: The 'Black Swan' fund that raked in a 4,000% return last...
The "Black Swan" hedge fund that raked in a 4,144% return last quarter warned its clients this week of a bigger crash to come."The world remains very much trapped in the mother of all global financial...
View ArticleBillionaire Carolina Panthers owner David Tepper is backing a new hedge fund...
Aaron Weitman, a long-time partner at Appaloosa Management and founder David Tepper's nephew, is launching his own hedge fund, CastleKnight Management, on July 1.The new fund, which Tepper is expected...
View ArticleA hedge fund betting on turbulence raked in a 400% return last quarter as the...
The California hedge fund LongTail Alpha saw one of its funds post a 156% gain in March, bringing its first-quarter return to 400% on bets on a jump in market volatility, The Wall Street Journal...
View ArticleAnthony Scaramucci's investment firm slumps 22% amid coronavirus rout, report...
Anthony Scaramucci's firm, SkyBridge Capital, is down 21.9% this year through March, The Wall Street Journal reported Monday.The firm's flagship fund lost 22.5% in March when the coronavirus pandemic...
View Article'It's a complete abomination': Hedge funds are applying for government...
Congress recently earmarked $350 billion to help small businesses navigate the novel coronavirus pandemic and cover payroll, rent, and other costs.Some hedge funds have applied for the government...
View ArticleNotoriously secretive hedge funds are being 'over communicative' during the...
For many hedge funds, the past couple months of market volatility is the first prolonged stretch of trouble since the 2008 housing crisis. One of the biggest differences in how hedge funds have handled...
View ArticleBillionaire Ken Griffin's Citadel has a sprawling alumni network of more than...
Billionaire Citadel founder Ken Griffin has built one of the most well-known brands in hedge-fund history, and those who have worked for him have benefitted.A Business Insider review has found dozens...
View Article'Oracle of Boston' Seth Klarman has a rabid following that's stuck with him...
Baupost Group founder Seth Klarman, the "Oracle of Boston," has become a billionaire thanks to his value investing ethos.The 62-year-old investor, who also has a stake in the Boston Red Sox and owns a...
View ArticleBig-name credit funds like Canyon Partners, Angelo Gordon, and CQS got...
During the market turmoil of March caused by the coronavirus pandemic, big-name credit funds run by managers like Canyon Partners, CQS, and Angelo Gordon fell by double-digits.Industry observers still...
View ArticleElliott Management says stocks could plunge another 39% from current levels,...
Stocks could fall 50% from February highs, Elliott Management wrote in a Wednesday letter to clients, Reuters reported Thursday.That forecast implies a 39% decline from current levels as investors sort...
View ArticleRay Dalio, Adam Levinson, and other hedge fund bosses posted record losses in...
Hedge fund managers including Ray Dalio and Adam Levinson suffered record losses in March as the novel coronavirus hammered their portfolios.Around 75% of hedge funds posted losses last month,...
View ArticleAQR's former machine-learning head says it's time for quants to 'pay less...
Big-name quants were slammed in March, as their models struggled to keep up with the coronavirus-induced sell-off.AQR's former head of machine-learning, Macros Lopez de Prado, said on a webinar hosted...
View ArticleAlbourne Village — a quirky online hedge fund community — is getting ready...
Albourne Partners created Albourne Village, a quirky online community for the hedge fund industry, nearly 20 years ago when the internet was still in its infancy. The firm threw a launch party for the...
View ArticleJim Simons' Renaissance scored a 39% gain in its flagship Medallion fund as...
Jim Simons' Renaissance Technologies posted a 39% gain before fees at its flagship Medallion fund this year through April 14, The Wall Street Journal reported.The Cold War codebreaker's hedge fund...
View ArticleBillionaire investor Leon Cooperman dumped millions of shares in newspaper...
Billionaire Leon Cooperman, one of newspaper conglomerate Gannett's biggest investors, sold roughly half of his stake in the company at a loss earlier this month, filings show.The sale came when the...
View ArticleA hedge fund manager who dominated the last financial crisis posted a 26%...
East Lodge Capital founder Ali Lumsden was among the few to post huge gains during the financial crisis, but his main fund slipped 26% in March amid the coronavirus pandemic, Bloomberg reported...
View Article7 hedge funds that scored big gains during the market meltdown
Jim Simons' Renaissance Technologies, Bill Ackman's Pershing Square, and the "black swan" fund Universa Investments posted big gains during the recent coronavirus sell-off.They bucked the industry...
View ArticleTiny hedge funds gained as much as 500% last quarter as their bets against US...
Three small hedge funds posted big gains last quarter as their bets against US shale producers paid off.Kalkriese Capital Partners gained 300%, Exo Trading gained 500%, and Saltstone Capital gained...
View ArticleBillionaire Paul Singer's latest letter to Elliott investors lays out 5...
Billionaire Paul Singer's latest letter to investors predicted an even steeper drop in stocks due to the effects of the novel coronavirus pandemic, but also warned about doomsday scenarios unrelated to...
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