Hedge Crunch FinancialNew Activist Fund Founded by Unusual Pair
Perhaps as hard to find as a unicorn are upper ranking hedge funds led by either a woman or a person of color. In the case of Impactive Capital LP, we find both. Christian Amar is a Hispanic man, and his co-founder, Lauren Taylor Wolfe is a woman. Both developed their fund managing skills for […]
Record Donation to Cambridge University from Hedge Fund Founder
David Harding, founder of the Winton Group, a UK-based hedge fund, donated a history-breaking £100 million ($131 million) to the University of Cambridge. It is the single largest private donation to a UK college. About 75% of the gift will support full scholarships to 100 excelling PhD candidates, while the rest of the gift, about […]
Pair of Brexit Supporters Say Brexit Won’t Happen
Hedge fund manager Crispin Odey and billionaire Peter Hargreaves, the second biggest supporter of the campaign to for Britain to leave the European Union in 2016, both say that Brexit will never happen. Head of Odey Management, Odey, says his pessimism about Brexit is propelling him to position his assets in such a way that […]
Klarman and Dalio Pessimistic in Davos
Hedge Fund superstars, Ray Dalio and Seth Klarman, both expressed worry over the global economy during the annual World Economic Forum that meets each year in Davos, Switzerland. Klarman’s dire warning was issued in a letter and caused a buzz at the prestigious conference. Called the next Warren Buffett by some, Klarman runs the Baupost […]
Greenlight Has Worst Year Since Founding
David Einhorn’s Greenlight Capital posted a 9% loss in December 2018, bringing his yearly decline to a staggering 34%. This is the worst performance since the fund launched in 1996. The year has been an especially challenging one for hedge funds in general, and for Greenlight in particular. As early as last summer Einhorn was […]
Study Shows Donations Help Fund Managers’ Bottom Line
Sometimes managers make charitable donations in order to improve money flows and keep their funds from shutting down, according to a new study conducted by three finance professors. Vikas Agarwal of Georgia State University, Yan Lu of University of Central Florida, and Sugata Ray of the University of Alabama conducted a study to see the […]
Gold Adds Element of Stability to Tumultuous Times
Money managers see chaos looming in the international markets, making them buy gold more than have been in at least six months. Prospects of global growth seem dim, bringing equities down and making investors nervous. This is at least part of the reason why investors have purchased about $1.25 billion worth of precious metals via […]
Natural Selection Operating on Funds So Only the Fittest Survive
The hedge fund industry as been wringing its collective hands, moaning and groaning about the non-stop closure of large numbers of funds. Perhaps this trend is not a bad thing, but rather a necessary winnowing of the weakest funds, leaving behind only the healthiest funds to continue to perform for investors. Not only are the […]
October Worst Month in Three Years for Hedge Funds
Just when hedge fund managers were started to smile again, the market took a nose dive and hedge funds followed. According to Preqin, a research company on the hedge fund industry, October 2018 was the very worst month for alternative investing vehicles since January 2016. As a group hedge funds lost 2.35%, on average, in […]