Hedge Funds Betting Big on Distressed New York Taxi Business

October 18, 2018 James Heinsman In the News

Hedge funds specializing in buying into distressed sectors in the hope of seeing a turn around in that sector’s popularity, have been buying what used to be coveted taxi medallions. The value of medallions, the metal shield that taxi owners attach to the hood of their cabs are the license that legally allows cabs to […]

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Lyft, Marblegate Asset Management LLC, Matthew Daus, medallion, taxi,

Running a Hedge Fund “Aint What It Used to Be”

October 10, 2018 James Heinsman Hedge Fund News

After several decades of bringing home millions of dollars for himself and his clients, Jonathan Jacobson founder of Highfields Capital Management has decided its time to shake things up a bit. Here is how he described how burnout feels in the upper atmosphere: “Done correctly, money management is an all-consuming, 24/7 pursuit… After three-and-a-half decades […]

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Eric Mindich, Eton Park Capital Management, Highfields Capital Management, Jonathan Jacobson,

Ex-Citadel Trader Opening New Hedge Fund

October 2, 2018 James Heinsman Hedge Fund News

Ron Ozer, former portfolio manager at Citadel, opened his own hedge fund which will focus on trading natural gas. Ozer was co-head from July 2015 to April 2017 of the US natural gas trading division at Citadel, which today manages $30 billion. Statar Capital LLC, Ozer’s new fund, has already raised about $140 million from […]

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Citadel, Ron Ozer, Statar Capital LLC, Velite Capital,

Jonathan Lai Leaves Tencent-Joins Coatue

September 26, 2018 James Heinsman Hedge Fund News

Jonathan Lai, investment director at Tencent, China’s second most valuable publicly listed technology company, is leaving to join the US-based hedge fund Coatue Management. The Chinese company has been under months of scrutiny by regulators on its main gaming business. Mr. Lai listed himself on his LinkedIn account as an “investor” at Coatue Management, beginning […]

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China, Coatue Management, Jonathan Lai, Tencent,

SEC Sues Priest/Hedge Fund Manager for Stock Manipulation

September 18, 2018 James Heinsman Hedge Fund News

The SEC filed a suit against Emmanuel Lemelson, a Massachusetts priest who also works as a hedge fund manager, for publishing false “research reports” in order to push the share price of Ligand Pharmaceuticals, Inc, down. The suit accuses Lemelson and his firm Lemelson Capital Management, of publishing misleading/false reports on popular investing websites like […]

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Emmanuel Lemelson, Lemelson Capital Management, Ligand Pharmaceuticals, SEC, stock manipulation,

After Six Years Tide Point Shutting Doors

September 11, 2018 James Heinsman Hedge Fund News

The six-year-old hedge fund Tide Point Capital Management is closing down due to the personal desire of the majority owner. It is just one more causality in a long line of closed funds in this hurting $3 trillion industry. Based in Old Greenwich, Connecticut, Christopher Winham founded the fund in 2012. He served as the […]

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Christopher Winham, SAC, Steven A. Cohen, Tide Point Capital Management,

Research on Gun Violence Funded by Hedge Fund Billionaire

September 3, 2018 James Heinsman In the News

John Arnold used to be an energy trader. He launched is own hedge fund firm after working for a while at Enron. He built up a fortune and decided to retire at the age of 38 with an estimated net worth of about $3.3 billion. Arnold and his wife Laura created a foundation which strives […]

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gun violence, John Arnold, Laura and John Arnold Foundation, NRA, RAND Foundation,

Women Still Don’t Have a Place at the Hedge Fund Table

August 29, 2018 James Heinsman In the News

Great strides have been made by women in the financial services industry, but one place that is still mostly closed to them is the hedge fund sector, where they work pretty much everywhere, accept where the money is. Out of the 50 largest US hedge funds only two have women in the role of top […]

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Dominique Mielle, Hedge Funds, Marjorie Kaufman, women,

Some ETFs that are Performing Like Hedge Funds, Just Cheaper

August 21, 2018 James Heinsman Hedge Fund News

Hedge funds have been investment vehicles traditionally accessible only to the most net-worth individuals, or institutional investors. As the name implies, they are designed not just to maximize returns, but to minimize the volatility of the market, or hedge against downturns that are inevitable in all economies and marketplaces. This type of money management comes […]

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ETFs, Hedge Funds,

Number of Crypto Hedge Funds Growing Faster than Expected

August 13, 2018 James Heinsman Hedge Fund News

A survey conducted by Crypto Fund Research revealed that cryptocurrency investment funds grew at a better than expected rate during 2018, hinting that the greater investment community is beginning to give legitimacy to the digital currency as an investment vehicle. The study showed that there were 466 cryptocurrency investment funds in the US, the majority […]

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Crypto Fund Research, cryptocurrency, Josh Gnaizda,

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