Hedge Crunch FinancialHedge Funds
Einhorn’s Greenlight Hits Red Light in February
Performing more poorly than the S&P 500 Index loss of 3.7 percent in February, David Einhorn’s main fund, Greenlight Capital, lost 6.2 percent during the same period for a total downturn of 12.3 percent for 2018. Einhorn explained that his hedge fund was going through its worst performance in its history after losing 6.6 percent in […]
Cryptocurrency Hedge Funds Growing Exponentially
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 […]
ETFs Growing in Popularity, Surpassing Hedge Funds
Lower fees and better performance have helped exchange-traded funds (ETFs) to become more popular, dollar for dollar, than hedge funds. The ETF industry now has over $3.2 trillion in assets, leaving behind the hedge fund industry which manages about $2.87 trillion. Investors are switching their bets to ETFs to save on management fees, and cash […]
Giant NYC Pension Fund Expected to Divest from Hedge Funds
The country’s largest pension fund for municipal employees, the New York City Employees’ Retirement System, is preparing to vote on Thursday to divest its investments out of hedge funds. It is expected that a majority of the pension fund’s trustees will choose move its money out of risky and high-fee-burdened hedge funds to funds which […]
Marc Lasry
Even though Marc Lasry of Avenue Capital Group is concerned about what effects the government’s budget crisis will have on the economy, he remains optimistic that all will be well. Lasry is even expecting growth of about 3 percent for the GDP, a full 1 percent higher than the consensus prediction of only 2 percent […]
Former Azentus Manager Launching Asian Hedge Fund
The chief investment officer, Michael Garrow, of the HS Group, a Hong Kong-based investment management firm, announced that Mohan Rajasooria will be launching a new hedge fund, Zaaba Capital. Rajasooria left Morgan Sze’s Azentus Capital Management earlier this year, and hopes to open is new fund with a minimum of $250 million from institutional clients, […]
New Fund Betting on Huge Health-Care Growth in China
Former head of China investments at Och-Ziff Capital Management Group opened a health-care hedge fund based in Asia. Frank Yu’s Ally Bridge LB Healthcare Fund will invest in opportunities created by Chinese reforms which began to go into effect in 2007. Li Bin, a former Merck & Company scientist, will lead the fund. Li Bin […]
Popularity Growing for ETFs and ETPs
According to data from the hedge fund tracking service HFR, and the London-based research firm , exchange-traded funds will soon overtake hedge funds in terms of total amount invested. The numbers show that within only a few months the 25 year-old ETF/ETP industry will overtake in popularity the 70 year-old hedge fund industry. The fact […]
Bad Bets of 2014
With only a few days left of 2014 we thought now is a good time to look back and see what predictions did not work out quite so well for some major hedge fund managers. General Motors is a well-liked holding which is popular as a component of hedge funds. Unfortunately it seems for many […]