Hedge Crunch FinancialHedge Funds
Hedge Fund Guru Donates $25 Million to NY’s Signature Theatre
Run by hedge fund mogul Bill Ackman, the Pershing Square Foundation recently announced a $25 million donation to the Signature Theatre in New York. The funds will support Signature Center, a new home in the Times Square area, as well as fund the Signature Ticket Initiative: A Generation of Access, that ensures affordable and accessible [...]
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 [...]
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 [...]
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 [...]
Complicated Alternative Strategies: Greenwich Associates
According to Greenwich Associates, hedge funds and various other alternative investments should work to provide better protection and liquidity. Alternative investments can be complex, and so provide better risk-adjusted returns, but they also have other issues on the side. “The cost of complicated alternative strategies is the complexity they introduce into the portfolio management process. [...]
Smaller Hedge Funds Turn to Individuals for Investments
Asia-Pacific hedge funds with less than $100 million in assets are turning to millionaires for investments. These funds are having trouble as institutions generally favor funds with more impressive assets and proven track records. The debt crisis in Europe and the worldwide economic issues have boosted volatility on equity markets to a two-year high, increasing [...]
Hedge Funds See Small Gains as Europe Concerns Lift
Markets across the globe saw minor improvements last month. The Greenwich Global Hedge Fund Index returned 2.27% last month, while the Standard and Poor’s 500 Index increased 10.93%. The index has stayed down 3.2% this year. Greenwich Alternative Investments tracked three hedge funds, two of which gained ground. Long/short equity funds increased 5.32% in October, [...]