LCH Investments, a London-based fund of funds and a subsidiary of Edmond de Rothschild Capital Holdings Limited, just published its yearly list of the “most successful money managers” for the year 2015. The list looks at the total net gains, after fees have been subtracted, of each hedge fund manager, since the launch of the …
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Seneca Capital Investments is disbanding after over 20 years of money management for its clients. Doug Hirsch, who is also one of the founders of the Sohn Investment Conference, informed his clients of his decision to return about $500 million after the fund posted a 6 percent loss this past year. “I am no longer …
During the past week the Nasdaq Biotechnology Index has lost 18.7 percent, hitting sector investors, especially those in hedge funds, hard. However, although selling seems to be the more prevalent reaction, there are those managers taking advantage of the lower prices and adding to their portfolios. The cause of the fall was a speech made …
Andy Redleaf, CEO of Whitebox Advisors, sent an internal memo last Sunday expressing worry that he sees signs of another crash on the offing, similar to that of 2007. The memo, which was obtained by CNBC.com, quotes Redleaf as saying: “I think it is a truly scary time.” Whitebox manages $4.2 billion in assets. Specifically, …
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According to the new Office of Financial Research, an offshoot of the Department of the Treasury, hedge funds do not appear to be as risk-prone as many people believe them to be. The OFR took data which until now has been held in confidence, but is now readily available as a result of the demands …
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Ray Dalio says he has been meditating twice for 20 minutes each time, for 44 years, and it has been the secret to his success. The genius behind Bridgewater Associates, and acknowledged as one of the world’s most successful hedge fund managers, Dalio was discussing his passion at the recent NYTimes Dealbook Conference. “It’s such …
Mark Rachesky, the 55-year-old investor, medical doctor and former protégé of Carl Icahn, is ready to unload the New York-based Loral Space & Communications. Rachesky is Loral’s largest single shareholder and chairman, with a 38 percent hold on the company. So far Rachesky is just putting out feelers for buyers and has not yet hired …
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A well-known investment banking company took a look at 708 hedge funds to see how they compare with the performance of the S&P 500. Not so surprisingly, all those funds taken together gained on average 4 percent, while the S&P climbed up by a juicy 20 percent. The 708 funds represented about $1.5 trillion in …
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Gibraltar-based ATT Management, an algorithmic trading manager is about to launch its flagship fund, known as Algorithm Trading Technologies PCC Ltd. The fund, which is a Gibraltar Experienced Investor Fund, is authorized and regulated by the FSC. The fund will be trading with a portfolio of algorithmic trading strategies. Those strategies focus on extremely liquid …
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Last week some of the most talked-about hedge fund managers were brought together to discuss their latest ideas about investing at the CNBC/Institutional Investor “Delivering Alpha” conference. On hand at Wednesday’s conference at the Pierre Hotel in New York were Jim Chanos, founder of Kynikos Associates; Leon Cooperman, Chairman of Omega Advisors; founder of The …
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