In the News

As SPACs Explode So Go Merger Arbitrage Funds

November 16, 2020 James Heinsman In the News

Merger Arbitrage hedge funds have had a good year, according to Lyxor Asset Management’s Cross Asset Research management department. They say it’s because of the growth in the issuance of Special Purpose Acquisition Companies in the United States during 2020. SPACs are useful to investors strategizing merger arbitrage deals because of their low volatility return […]

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Hedge Fund Manager Steve Cohen Set to Buy NY Mets

November 1, 2020 James Heinsman In the News

Major League Baseball gave its blessing to the imminent purchase of the New York Mets for what will be a record price of between $2.4 billion and $2.45 billion. Steve Cohen, CEO, and president of Point72 Asset Management will purchase the team from the present owners, the Wilpon and Katz families. If the deal succeeds […]

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Steve Cohen,

Bridgewater Takes to the Woods to Dodge Corona

September 23, 2020 James Heinsman In the News

In what is certainly a unique way of beating off COVID-19, Ray Dalio has taken his traders to the woods where fresh air and social distancing is sure to reduce Bridgewater employees’ risk of infection. Dalio put up tents in the forest that abuts the location of the $138 billion hedge fund headquarters in Westport, […]

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Bridgewater, coronavirus, Ray Dalio,

Tesla Not (Yet) Admitted to S&P 500 Index

September 15, 2020 James Heinsman In the News

Investors in Tesla have once again experienced disappointment with the decision by the S&P 500’s index committee’s decision to leave Tesla once again out of the respected index. Hope is not completely extinguished for Tesla cheerleaders. It often happens that mergers of other companies already on the index will leave a space for the iconic […]

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S&P 500, Tesla,

A New Survey Shows Investors Satisfied with 2020 Performance

August 13, 2020 James Heinsman In the News

A new investor poll shows that hedge fund investors are evenly split when it comes to the question of how satisfied they are with how the industry performed so far this year. The survey, conducted and released by bfinance, “Managing Through Uncertainty,” asked a broad spectrum of investors from pension funds, insurers, endowments, family offices […]

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bfinance, hedge fund performance,

Hedge Fund Managers Hesitate to Return to the Office After Lockdown

June 21, 2020 James Heinsman In the News

According to a survey conducted by the Alternative Investment Management Association, about 67% of hedge fund managers are working exclusively from their homes, while about 25% are working mostly from home, as of June 1, 2020. The rest, which is about 8% of the 67,000 employees around the world at the firms which responded to […]

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coronavirus, lockdown,

Hedge Fund Succeeds to Make Casino Profitable

May 10, 2020 James Heinsman In the News

Ever since Luxor Capital Group, a New York-based hedge fund, took control of a previously unsuccessful casino in Atlantic City, the casino has been thriving. So says the New Jersey Casino Control Commission, the agency that granted Luxor the final authorization to own a casino. “There’s no doubt this property has turned around in so […]

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Alisa Cooper, Michael Conboy, Revel,

Hedge Fund Magnate Wants a Bigger Part of the Mets

December 9, 2019 James Heinsman In the News

Steve Cohen, CEO of Point72 Asset Management, is in negotiations with the current owner of the major league baseball team, the New York Mets, to increase his stake in the ball club. The Mets are currently owned by Sterling Partners. “The Sterling Partners and Steve Cohen are negotiating an agreement in which Steve Cohen would […]

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Fred Wilpon, New York Mets,

New Fund Launched by Former Bulgari SpA Head and Two Partners

November 3, 2019 James Heinsman In the News

Francesco Trapani, former CEO of the upscale Italian Jeweler Bulgari SpA, with Marco Taricco and Giuseppe Bivona, is launching the Bluebell Active Equity Fund on November 11. The fund will open with about 50 million euros ($55.7 million) under management. Taricco and Bovona founded Bluebell Partners together in London, while Trapani ran Bulgari for almost […]

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Bluebell Active Equity Fund, Francesco Trapani,

Cryptocurrencies Gain Following Among Americans

October 28, 2019 James Heinsman In the News

According to a recent survey conducted by Finder, the number of Americans who own cryptocurrencies went up by 81% from 2018 to 2019. That translates to ownership in cryptocurrency by about 36.5 million Americans. In 2018 almost 8% of US citizens were owners of cryptocurrencies, but that number increased to 14.4% in 2019. The survey […]

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cryptocurrencies,

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