Hedge Crunch FinancialHarvard Getting Infusion of Capital for Drug Research
Harvard University is getting ready to announce a partnership with health care hedge fund company Deerfield Management which has promised to spend $100 million to grow Harvard’s drug research endeavor. A new company was created to bring the money to the lab. Called Lab1636, the hope is that discoveries made at Harvard will lead to […]
New Study Shows Women and Hedge Funds Still Don’t Mix
According to a new report released by Preqin, women make up less than 20% of the hedge fund industry’s work force, a number that has barely changed since November 2017. Women are even rarer in the upper echelons of the $3.2 trillion sector, composing a mere 11% of the senior execs. In November 2017 Preqin […]
Hedge Funds Re-Friend Facebook
Known for their recent less than sterling performance, hedge funds partly redeemed themselves in the 4Q of 2018. Smartly catching tech stocks as they sunk to their lowest points in recent months, hedge funds were able to cash in on that sectors happy double-digit resurgence. The most-owned stock for the largest of the alternative funds […]
New 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 […]