Hedge Crunch FinancialJen Lai Picks Another Sleeper Stock After Big Win
Jen Lai seems to know what to look for when it comes to stock picks. If the past is a harbinger of the future, then we can expect Jen Lai’s next pick to cash in. Over the past two years Lai had her money on GDS Holdings, a data center operator based in Beijing. The […]
SEC Fines Yale Student for Misrepresenting His Hedge Fund to Investors
The SEC has come to a settlement with Yale graduate Omar Zaki, claiming that while an undergraduate he had misled investors about the particulars of his hedge fund. Now 21 years old and living in New York City without a job, Zaki will have to pay the SEC $25,000 over three years and is barred […]
Pharo Management Says No to Saudi Money in Response to Khashoggi Murder
In what is a highly unusual move, UK-based Pharo Management LLP returned close to $300 million it had been investing for Saudi’s central bank, known as the Saudi Arabian Monetary Authority, or SAMA. The firm’s founder, Guillaume Fronkenell told investors in January that it had decided to uphold its principles and return the money to […]
Brazil is Bridgewater’s New Best Bet
Until recently Bridgewater Associates, the world’s largest hedge fund has been a big investor in the China market. Another region has caught the interest of the $160 billion Connecticut- based fund, and that is Brazil. Analysts at Bridgewater recently told Reuters they have their eyes on Brazil and expect it to become the country with […]
Harvard 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 […]