According to a statement recently released by the school, Renaissance Technologies founder James Simons and his wife are donating $150 million to Stony Brook University in New York. Governor of New York Andrew Cuomo and the University are scheduled to announce the gift at the school’s campus on Long Island. The donation is the largest…
Category Archives: Hedge Fund News
Gorbachev Discusses the Challenges of Change
Nobel Peace Prize winner and former leader of the Soviet Union Michael Gorbachev discussed the challenges faced by Russia today and the similarities many of those challenges have with those of Mexico.Gorbachev was a featured speaker at the program “Competitive Juárez” which was held at the Paso del Norte Community Center in Juárez. The focus…
Macro Hedge Funds Generate Fewer Returns Than Expected
Macro hedge fund managers are grappling with the global economic status, and struggling to generate returns on par with their previous successes. This past year has seen very rough waters, including the euro zone debt crisis and sweeping central bank action. Veteran hedge fund managers were mostly expected to record the highest profits in the…
Hedge Funds Fall 1% As EU Crisis Continues to Spread
Concerns of an impending widespread debt crisis have resulted in global stock market slumps and a 1% drop in hedge funds this week. The Bloomberg Aggregate Hedge Fund Index fell from 117.22 in October to 116.03, dragging this year’s losses down to 3.8%. Funds that bet on economic trends fell as well. “Volatility has been…
Oaktree Capital Management Co-Founder Donates $50 Million to Duke University
Bruce Karsh, the co-founder of Oaktree Capital Management, hedge fund firm and asset manager, recently donated $50 million to Duke University in support of undergraduate scholarships. The firm, which is based in Los Angeles, has more than $83 billion in assets currently under management. According to the university’s website, the Duke alumnus and his wife’s…
New York Advised to Invest Pension Money in Minority Owned Hedge Funds
Public Advocate Bill de Blasio suggested that New York City invest a portion of its pension money in hedge funds with the help of emerging managers. These include women and minority owned hedge funds which are new. This is an advantage because these funds tend to manage less money than older ones. Barclays Capital has…
Investing in Precious Metals
Gold and other precious metals, such as silver, platinum and palladium, are good investments when there is uncertainty and instability in national and international economic markets. The reasons for this are not that hard to understand: There is a limited amount of these precious metals in circulation, but demand for them is continuously rising. It…
Hedge Fund Managers Predict Dip in Global Growth in Survey
Hedge fund managers project a slip in global growth next year as a result of likely Eurozone sovereign defaults and the economic slowdown in China. The predictions come as part of a survey which covers more than a third of hedge fund managers around the world, who manage $800 billion between them. When asked about…
Complicated Alternative Strategies: Greenwich Associates
According to Greenwich Associates, hedge funds and various other alternative investments should work to provide better protection and liquidity. Alternative investments can be complex, and so provide better risk-adjusted returns, but they also have other issues on the side. “The cost of complicated alternative strategies is the complexity they introduce into the portfolio management process….
Smaller Hedge Funds Turn to Individuals for Investments
Asia-Pacific hedge funds with less than $100 million in assets are turning to millionaires for investments. These funds are having trouble as institutions generally favor funds with more impressive assets and proven track records. The debt crisis in Europe and the worldwide economic issues have boosted volatility on equity markets to a two-year high, increasing…