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,

Elliot Management Relocating to Florida

October 26, 2020 James Heinsman Company Spotlight

Activist investor Paul Singer has decided to move his $41 billion hedge fund manager to Florida, joining a growing number of investment companies looking to lower their state tax burden. Elliot Management will keep some office space in Manhattan, but his new headquarters will be in West Palm Beach. He will also open offices in […]

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Elliot Management, Florida, New York City, Palm Beach, Paul Singer,

Investor Soo Kim Buys Rights to Bally’s Brand for $20 Million

October 13, 2020 James Heinsman Company Spotlight

Soo Kim, 45, hedge fund investor and owner of gaming company Twin River Worldwide Holdings, purchased the global rights to the Bally’s name from owner Caesars Entertainment. The $20 million purchase will give Kim the rights to put the name on all of his gaming investments which include 11 casinos and his publicly traded headquarters. […]

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Soo Kim, Twin River Worldwide Holdings,

Hedge Funds Rolling Out New Products Despite Economic Slump

October 6, 2020 James Heinsman Economic Barometer

According to HFR, the alternative investments data consultancy firm, there were 129 new hedge fund launches between April and June’s end this year. That number is the highest quarterly tally for new funds since Q2 2019.HFR’s president, Ken Heinz, explained that hedge funds are also posting high returns, even in the face of the twin […]

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COVID-19, HFR, Ken Heinz,

Snoddy’s Comeback Firm Earns Him 17% Returns with New Japan Hedge Fund

September 30, 2020 James Heinsman Company Spotlight

David Snoddy, a graduate of Tiger Management who took a break from investing for a few years, came roaring back over the past year and a half with 17% growth on his newly established long-short Japan hedge fund. Snoddy worked for Julian Robertson’s Tiger Management in the Tokyo office until he went out on his […]

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David Snoddy, Japan, Julian Robertson, Tiger Management,

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,

Hedge Fund Urges Europeans to Move to Rail

September 2, 2020 James Heinsman Hedge Fund News

Oceanwood Capital, an activist hedge fund headquartered in London, called on European leaders to re-think their country’s travel policies in a radically new way. The goal is to reduce carbon emissions in the fight against climate change, and the method is to make a conscious decision to switch from the wasteful use of flying to […]

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ESG investing, Oceanwood Capital,

New 2Q Favs for Hedge Funds

August 25, 2020 James Heinsman Hedge Fund News

Now that second-quarter SEC 13F filings are available for scrutiny, the public can see where experienced investors put their money in April, May, and June. There were a few surprises, like Berkshire Hathaway retreating from many positions and finding a safe haven in Barrick Gold. But in general, a look-see at where the investing greats […]

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Berkshire Hathaway, eBay, JPMorgan, SEC 13F,

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,

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