Hedge Crunch FinancialHedge Funds Brace for Tough Upcoming Year
As the euro zone crisis spirals downward and economic growth collides with numerous unexpected obstacles, hedge funds are bracing themselves for a major hit. One of the worst, in fact, in over two decades. Hedge Fund Research just released data revealing that the hedge fund managers lost an average of 4.37% over the past year. [...]
Chinese Economy Leads to Concern Among Hedge Funds
Though the eurozone crisis is far from over, hedge funds and analysts have begun shifting their attention to a different, looming disaster emanating from China as its economy starts to slide. The Emerging Sovereign Group, a $1 billion hedge fund, recently told its clients: “We have a gathering sense that the next act of this [...]
Renaissance Technologies Founder James Simons Donates $150 Million to Stony Brook University
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 [...]
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 [...]