In the News

Bitcoin Boom Boosts Bill Miller’s Fund into the Stratosphere

November 6, 2017 James Heinsman In the News

Superstar fund manager Bill Miller loaded his MVP 1 fund with bitcoin this year, and has seen mind-bending growth of 72.5% so far this year. Miller is known for beating the S&P 500 for 15 years straight when he worked for Legg Mason, until the 2005 recession cramped his style. In August 2016, after 35 […]

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Bill Miller, bitcoin, Legg Mason, MVP,

Bannon Vows to Bust Billionaire Republican Supporter Singer

October 30, 2017 James Heinsman In the News

According to a report from Axios, Steve Bannon, the ex-White House Chief Strategist and owner of ultra-right-wing Breitbart News, told President Donald Trump he was going to go “off the chain” to destroy Paul Singer. Singer is the head of hedge fund Elliot Management, and a major donor to Republican causes and candidates. This news […]

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Axios, Donald Trump, Elliot Management, Fusion GPS, Paul Singer,

Bridgewater Losing Another Top Exec

October 15, 2017 James Heinsman In the News

Bridgewater Associates, the world’s largest hedge fund, is saying good-bye to marketing head Parag Shah, who “recently agreed to step aside,” according to a Wall Street Journal report. Shah has been with Bridgewater, which controls $160 billion, since 2002. He will stay on the payroll during a “period of transition.” It is not a shock […]

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Bridgewater Associates, Parag Shah, Ray Dalio,

Women-Run Funds Outperforming Those Managed by Men

September 25, 2017 James Heinsman In the News

According to the HFRX Women Index, a list that examines the success (or lack thereof) of hedge funds run by women, revealed that women-run funds outperformed male-run funds by 2.5 times. This finding is one more bit of evidence that the hedge fund sector, which has been labeled as “male, pale and stale,” could use […]

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Helena Morrissey, HFRX Women Index, Legal & General Investment Management, UC Berkeley,

Three Caught Trading on Insider Info

September 11, 2017 James Heinsman In the News

Two friends from college with aspirations to owning a hedge fund company were caught trying to cash in on Amazon insider info. Washington state residents Maziar Rezakhani and Sam Sadeghi paid $10,000 to Brett Kennedy, an Amazon analyst, for information about the online retailer’s 2015 first-quarter earnings. The pair of hedge fund wannabes used that […]

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Amazon, Apple, Brett Kennedy, insider trading, iPhone,

Crypto Currencies Are Hot Now

September 3, 2017 James Heinsman In the News

Hedge funds can’t get into the cryptocurrency investor space fast enough, it seems. There are now at least 800 digital currencies, such as Bitcoin, which are not centralized, but rather rely on what is known as distributed ledger technology. These various currencies, when combined, have a marketcap of about $166 billion, and are attracting investors […]

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Autonomous NEXT, cryptocurrency, Mark Cuban, Shark Tank, Steve Nadel,

Cryptocurrency Hedge Funds Growing Exponentially

August 10, 2017 James Heinsman In the News

According to a tweet by economist Tuur Demeester, “Hedge funds with crypto exposure exploding.” The article Demeester refers to says that there are more than 70 funds with such bets now coming up in the hedge fund pipeline. The article also has a statement by Arthur Bell manager Corey McLaughlin: “I’ve been in the hedge […]

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Arthur Bell, bitcoin, Corey McLaughlin, cryptocurrency, Hedge Funds,

Superstar Hedge Managers Facing Hemorrhaging Funds

July 16, 2017 James Heinsman In the News

The Wall Street Journal reported last week that David Einhorn’s Greenlight Capital lost $400 million from its investor base in response to a depressing 2 percent loss during the first half of 2017. The return of $400 million represents 15 percent of all those who are able to withdraw their stakes in Greenlight, according to […]

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David Einhorn, Eric Mindich, Eton Park Capital Management Capital Management, Greenlight Capital, John Paulson,

Activist Hedge Fund JANA to Make a Bundle on Whole Foods Sale

June 26, 2017 James Heinsman In the News

Last Friday the giant online marketplace Amazon announced it was buying Whole Foods Market for $13.7 billion in cash. The price per share of the sale is $42, around 27% more than its Thursday evening closing price of $33.06 Barry Rosenstein announced last April that his activist hedge fund, JANA Partners, had a 9% stake […]

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Amazon, Barry Rosenstein, Jana Partners, John Mackey, Whole Foods Market,

The Top Hedge Fund Earners of 2016

May 17, 2017 James Heinsman In the News

We mean who brought home the most money, and not necessarily had the best returns, although these often go together considering the fees managers charge for performance. Broadly speaking the hedge fund industry had lackluster year, but at least the numbers are black. Hedge Funds returned 5.4 percent, kind of anemic compared to the robust […]

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David Siegel, David Tepper, James Simons, John Overdeck, Ray Dalio,

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