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'Capital markets are not free': Billionaire investor Ray Dalio says the Fed...
Billionaire hedge-fund manager Ray Dalio said the Federal Reserve is boosting markets, conventional valuation metrics don't apply anymore, and the US dollar could lose its appeal in a Bloomberg...
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$60 billion quant fund Two Sigma just hired Goldman Sachs' first-ever chief...
$60 billion quant fund Two Sigma has hired Jeffrey Wecker from Goldman Sachs to be the firm's next chief technology officer.The fund's current CTO, well-known computer scientist Alfred Spector, is...
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A majority of financial services companies plan to double-down on AI and...
Investments in cloud computing and other digital technologies helped ensure the financial services industry's resilience during coronavirus pandemic.Now, those investments are poised to accelerate for...
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Here's how Anthony Scaramucci's SkyBridge offloaded stakes in 2 funds after...
Anthony Scaramucci's SkyBridge Capital sold stakes in two credit funds after a bumpy March, per a letter reviewed by Business Insider. The letter provides a glimpse into the opaque world of secondaries...
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Market bear Crispin Odey sees hedge fund massively underperform with 17.9%...
Crispin Odey's main fund tumbled 17.9% in the first half of 2020, significantly underperforming the 3.5% loss seen throughout the hedge fund industry, Bloomberg reported Wednesday.The Odey European...
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Hedge funds plunged a record 7.9% in the first half of the year as the...
Hedge funds lost a record 7.9% on an asset-weighted basis in the year's first half, according to data from Hedge Fund Research. None of the hedge funds' four major strategies made money in the first...
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Distressed-debt investor Jason Mudrick says the 'sheer size' of this distress...
Jason Mudrick believes he's going to be very busy over the next three-to-five years — the distressed investing expert sees trillions in opportunities, and he said it's only the "first inning" of the...
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$33 billion Citadel just poached an AQR exec for a new leadership role to...
Ken Griffin's Citadel is adding AQR's head of trading in a new role for the Chicago-based firm: head of fixed-income trading.Isaac Chang was the head of trading at AQR since 2016, according to his...
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The first half of the year was the worst stretch for hedge funds since the...
Hedge funds initially weathered the storm caused by the coronavirus pandemic, with many funds only falling slightly while markets crashed.But equity and bond markets have bounced back thanks to...
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Hedge funds regaining interest from major investors after 2 years of...
Institutional investors are turning back to hedge funds after the industry underperformed through the first half of the year, according to the latest Bloomberg Mandates survey.Of the 50 allocators...
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Ray Dalio's Bridgewater lost a years-long legal battle over trade secrets....
Bridgewater's legal battle with the small systematic-macro shop Tekmerion Capital spilled out into the public eye recently because Tekmerion's lawyer is suing Bridgewater for attorney's fees.The...
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Famed short-seller Jim Chanos reportedly made $100 million betting against...
Famed short-seller Jim Chanos made $100 million by betting against Wirecard since last year, the Financial Times reported on Friday.He increased his short bets against the German fintech group after...
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Hedge funds are overhauling the way they use alt data as even quants are...
Alternative data is an increasingly important part of hedge funds' investment processes, but the pandemic has changed the way firms use the info.Traditionally, quants and long-term stock-pickers use...
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The head of professional development at Steve Cohen's Point72 lays out how to...
Steve Cohen's Point72 Asset Management has put an emphasis on career development, according to Jaimi Goodfriend, the firm's head of investment professional development. New recruits, often straight out...
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We've been tracking big hires and exits across Wall Street. Here's a look at...
There's been a mad dash for talent as Wall Street firms quickly overhauled their 2020 playbooks.Equity and debt trading have surged as a result of the financial turmoil caused by the coronavirus...
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A $400 million activist investor returned 44% in the 2nd quarter — and now...
The $400 million activist investor Legion Partners told its investors earlier this month that the best course of action for Boingo, the ubiquitous airport WiFi provider, would be a sale.Boingo began a...
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Ray Dalio's Bridgewater Associates reportedly lays off dozens of employees
Bridgewater Associates, the world's largest hedge fund, laid off dozens of employees across the firm this month, the Wall Street Journal reported Friday.The job cuts spanned Bridgewater's research...
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Billionaire 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...
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Anthony Scaramucci's flagship fund is getting hit with a huge wave of...
About a quarter of SkyBridge Capital's investors asked to take their money out of the firm's flagship fund, which will translate to between $800 million and $900 million leaving, founder Anthony...
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Billionaire Ray Dalio's Bridgewater is having a really bad year. Inside the...
Double-digit losses in a flagship hedge fund, an arbitrator finding that it made up evidence, a lawsuit from a former executive: 2020 has been painful, even for the world's largest hedge fund.Last...
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