In the News

Hedge Funds are Back- Primarily in Emerging Market

September 14, 2021 James Heinsman Economic Barometer

Year-to-date returns for hedge funds are showing signs of recovery, particularly in emerging markets where managers are spurring the playing field and pushing gains. Both BarclayHedge and eVestment recently published data showing the extent to which emerging markets and Asia-focused hedge funds bypassed other geographical regions in August, upending the July downturn. The overriding theme […]

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Asia, emerging markets, Hedge Funds, travel,

Could US Consumers Move to Spending Digital Dollars?

March 15, 2021 James Heinsman In the News

Could the United States be on the road to phasing out the wallet-sized, iconic, rectangular dollar bill? Probably not – at least, not entirely. But the Federal Reserve is studying the possibility of launching a digital currency that would serve as legal tender in the United States. Of course, the US is not the only […]

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CBDC, currency, digital currency,

Harvard Law Prof.: Tenev is ‘sympathetic’, ‘trying to do the right thing’

March 5, 2021 James Heinsman In the News

When former Turing Pharmaceuticals CEO Martin Shkreli appeared before the House Committee on Oversight and Government Reform in 2016, the most notable thing about his testimony was the smirk on his face as he refused to answer representatives’ questions about Turing’s $13.50 to $750 price hike for Daraprim, an anti-AIDS drug. Last week, it was Robinhood CEO […]

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RobinHood, Vlad Tenev,

Markets Looking Forward to Biden Era

January 19, 2021 James Heinsman Economic Barometer

President Joe Biden’s economic agenda will focus on “building back better,” says Fraser Lundie, head of credit at Federated Hermes, a Pittsburgh-based capital management house with $575.9 billion under advisement. As the week of the presidential transition began, Lundie spoke to Bloomberg News, adding his view that renewable energies would remain a strong investment pattern […]

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Biden Administration,

PCs Will Play Catchup with Apple in 2021

January 12, 2021 James Heinsman In the News

Much has been written about the economic havoc that has accompanied Covid-19. The global pandemic has certainly led to a great deal of upheaval to global markets, but not all the impact has necessarily been bad. Large corporations who have been able to adapt to new spending patterns – think Amazon, Target, Walmart – have […]

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Apple, laptop computers, notebook computers, pc,

Former Chief of Staff Raising Investments for New Hedge Fund

December 23, 2020 James Heinsman In the News

Mike Mulvaney, former White House chief of staff under Donald Trump, is starting a new hedge fund. Mulvaney, and his partner Andrew Wessel, need to raise at least $1 million, the legal minimum needed to launch a hedge fund. Currently, Mulvaney represents the Trump administration in Northern Ireland as a special envoy. Mulvaney’s fund will […]

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Donald Trump, Mike Mulvaney,

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,

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