A U.S. judge has appointed a new receiver to oversee the unwinding of assets held by hedge fund firm Platinum Partners, after the first receiver resigned over disagreements with federal securities regulators. More »
Short seller Marc Cohodes, who has bet against the shares of six Canadian-based companies including Valeant Pharmaceuticals International Inc and Home Capital Group Inc, said on Wednesday that he is targeting yet another Canadian firm – Exchange Income Corp. More »
Canada’s Exchange Income Corp said on Wednesday it was aware of a “short and distort campaign” aimed at undermining the value of the company’s shares. More »
Boaz Weinstein, founder and chief investment officer at Saba Capital Management, speaks during the SALT conference in Las Vegas, Nevada, U.S. May 17, 2017. REUTERS/Richard Brian New York-based Saba Capital Management, famed for its winning bet against the JPMo... More »
A screen charts the Dow Jones Industrial Average on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 17, 2017. REUTERS/Brendan McDermid Bayliss More »
William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
Kerrisdale Capital, a small hedge fund managed by Sahm Adrangi who has built a reputation by betting against satellite companies, is taking on ViaSat Inc.’s, declaring its stock should be trading at half of its current price. More »
Mitch Golden, portfolio manager for hedge fund Greenlight Masters, poses following an interview at the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
Activist hedge fund Marcato Capital Management, which has been battling restaurant chain Buffalo Wild Wings for board seats, reported strong gains in May, which extended its gains for the year. More »
Activist hedge fund Jana Partners, which is currently pushing grocer Whole Foods Markets Inc to perform better, lost money in May but is still in the black for the year, according to an investor update. More »
John Burbank, founder & chief investment officer of Passport Capital, speaks at a panel discussion at the SALT conference in Las Vegas May 15, 2014. REUTERS/Rick Wilking Bayliss More »
William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid Bayliss More »
Multibillion-dollar U.S. hedge fund investor Schonfeld Strategic Advisors is in preliminary talks to open an office in Britain to invest in more European money managers, two sources with direct knowledge of the matter told Reuters. More »
Simon Lorne, vice chairman of Millennium Management and chairman of the Alternative Investment Management Association (AIMA) poses for a portrait in New York City, U.S., April 24, 2017. REUTERS/Brendan McDermid Hedge fund critics are becoming increasingly voca... More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo The billionaire hedge fund manager Leon Cooperman has asked a federal... More »
Investors are betting Alan Howard can reclaim his touch as a star macroeconomic trader, helping Brevan Howard Asset Management amass more than $3 billion (2.4 billion pounds) for a hedge fund he alone will control. More »
Hedge fund Citadel said it is making changes at the top of its global quantitative division by bringing back James Yeh to replace the current head who is retiring. More »
Eric Mindich, Founder and CEO of Eton Park Capital Management attends a session at the World Economic Forum (WEF) in Davos January 29, 2010. REUTERS/Christian Hartmann Bayliss More »
U.S. hedge fund manager Emanuel ‘Manny’ Friedman plans to list a fund in London to invest in asset-backed securities and real estate assets put up for sale as a result of regulatory change in the financial sector. More »
Hedge fund manager Steven A. Cohen, founder and chairman of SAC Capital Advisors, responds to a question during a one-on-one interview session at the SkyBridge Alternatives (SALT) Conference in Las Vegas, Nevada May 11, 2011. REUTERS/Steve Marcus Bayliss More »
Stone Milliner, one of Europe’s best-performing hedge funds that bets on macroeconomic events, lost 2.1 percent in the first two months of 2017, its worst start to a year, an investor letter seen by Reuters showed. More »
FILE PHOTO: Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking/File Photo A federal judge on Monday rejected billionaire hedge fund manager Leo... More »
FILE PHOTO: Visitors walk towards the Sleeping Beauty Castle during a visit to the Disneyland Paris, France, January 21, 2015. REUTERS/Gonzalo Fuentes/File Photo – RTX30GBA An activist hedge fund has criticized plans by Walt Disney (DIS.N) to take full control... More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 1, 2017. REUTERS/Brendan McDermid Bayliss More »
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton David Harding, founder of one of the world’s biggest hedge fund... More »
Ray Dalio, Founder, Co-Chief Executive Officer and Co-Chief Investment Officer, Bridgewater Associates attends the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, January 18, 2017. REUTERS/Ruben Sprich The world’s largest hedge fund man... More »
For every buyer of futures and options there must be a seller. For every long position there must be a corresponding short position. More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., February 16, 2017. REUTERS/Brendan McDermid Bayliss and Lawrence Delevingne More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Goldman Sachs Investment Partners (GSIP), which opened in 2008 with one of the biggest launches in hedge fund history, is folding its London... More »
U.S. President Donald Trump speaks to members of the law enforcement at the Major Cities Chiefs Association (MCCA) Winter Conference in Washington, U.S., February 8, 2017. REUTERS/Joshua Roberts Bayliss More »
FILE PHOTO – Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking A U.S. judge on Tuesday held off ruling on whether to throw out a government co... More »
Lee S. Ainslie III, founder of Maverick Capital speaks at the 6th Annual New York Value Investing Congress in New York City, October 12, 2010. REUTERS/Mike Segar Bayliss More »
An electoral poster of Donald Trump is displayed on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid For some equity funds and those betting on m... More »
U.S. President-Elect Donald Trump speaks at event at Carrier HVAC plant in Indianapolis, Indiana, U.S., December 1, 2016. REUTERS/Chris Bergin Some big hedge funds got a bump in November after Donald Trump’s surprise U.S. presidential election victory sent sto... More »
William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York May 4, 2015. REUTERS/Brendan McDermid Bayliss More »
A two Euro coin is pictured next to an English ten Pound note in an illustration taken March 16, 2016. REUTERS/Phil Noble/Illustration/File Photo Euro zone governments are increasingly relying on hedge funds to help them meet their borrowing needs, which risks... More »
Hedge funds have struggled of late to keep up their reputation as the sports cars of the investment world, often overtaken in the race for returns by the public buses of portfolios, index funds. More »
Leon G. Cooperman Chairman, Omega Advisors, speaks on a panel discussion at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 9, 2013. REUTERS/Rick Wilking On Oct. 5, the U.S. Supreme Court will hear oral arguments on a question that has cre... More »
An $8 billion hedge fund run by billionaire Michael Platt has yet to give investors all their money back nine months after the fund was shuttered, a spokesman for the fund and three of its investors told Reuters. More »
A general view shows a construction site in London, Britain July 7, 2016. REUTERS/Neil Hall There is significant money to be made in Europe by investing and lending where local banks cannot, two prominent private fund managers told attendees of a U.S. hedge fu... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, New York, U.S., September 9, 2016. REUTERS/Brendan McDermid Bayliss More »
BOSTON Billionaire investor David Einhorn’s Greenlight Capital added strong gains in July which helped increased the fund’s gains for the year since Jan. 1 to 5.7 percent after the stock market climbed, a person familiar with the firm’s returns said. Greenligh... More »
BOSTON/NEW YORK It only took six months for some of the world’s most prominent team-based hedge funds to go from winners to losers. Blackstone Group’s Senfina Advisors, Citadel’s Global Equities Fund and the Visium Global Fund were among the so-called multi-ma... More »
BOSTON Billionaire investor Steven A. Cohen is committing $250 million to a Boston-based investment firm that lets scientists, developers and students submit computerized investment models and then picks the most promising ones to manage the money. Quantopian,... More »
LONDON As hedge fund manager Buford Scott sat at home, watching the TV in shock as it emerged Britain had voted to leave the European Union, his computer-based trading models were quietly boosting his business by 1.5 percent. Scott’s algorithm-driven fund, and... More »
NEW YORK/BOSTON UK voters’ surprise decision to leave the European Union roiled markets on Friday, but hedge funds appear to have avoided crippling losses, according to market data and people familiar with fund performance. Money managers were positioned relat... More »
LAS VEGAS Swaggering hedge fund managers, long known for ignoring client complaints during years of strong performance, are trying something new: listening. The shift was evident at the annual SkyBridge Alternatives Conference in Las Vegas this week, where a g... More »
NEW YORK Hedge fund manager David Einhorn has built a reputation on his ability to crater a company’s stock. His prescient short calls such as Allied Capital and Lehman Brothers had been announced in previous years at the annual Sohn Investment Conference in N... More »
BOSTON Billionaire investor William Ackman’s Pershing Square Holdings, Ltd fund lost 7.1 percent last month, hurt largely by Valeant Pharmaceuticals’ (VRX.TO) roughly 60 percent tumble in March. March’s poor performance leaves Ackman’s fund with a 25.6 percent... More »
BOSTON Billionaire hedge fund investors Daniel Loeb and Barry Rosenstein made money in March when the stock market came back with stronger gains, but both men’s funds are still in the red for the year, sources familiar with their performance said. Loeb’s Third... More »
NEW YORK Donald Trump’s presidential campaign is built on his business acumen. But some of the Wall Street funds that he has invested in have proven less successful, underperforming industry benchmarks in the last 15 months, according to a Reuters examination.... More »
BOSTON Billionaire investor William Ackman, whose hedge fund is one of the biggest investors in drug company Valeant, has been asked to supply information to U.S. legislators probing price hikes in the pharmaceutical industry. Ackman told investors in his Pers... More »
LONDON Two of the three types of hedge funds which bet heavily on a sharp devaluation of China’s yuan last year have backed off the trade, leaving only some ultra-bearish “Black Swan” investors holding long-term bets, fund managers and bankers said. Hedge fund... More »
BOSTON Activist hedge fund manager Jeffrey Smith, who has publicly criticized Yahoo Inc Chief Executive Officer Marissa Mayer, said on Friday he sees “a lot of opportunity” in the company. Smith’s Starboard Value has threatened to run a proxy contest raising p... More »
BOSTON/NEW YORK Global hedge funds lost so much money in January that the month marked the industry’s worst start to the year since the 2008 financial crisis, Hedge Fund Research (HFR) data released on Friday showed. But the declines were smaller than the bigg... More »
BOSTON As 2016 shapes up to be even more unpredictable than last year, wealthy investors are planning to allocate more of their money to hedge funds focusing their bets on rates, currencies and commodities rather than stocks, a strategy which tends to fare bet... More »
BOSTON U.S. college and university endowments earned an average return of 2.4 percent after fees in the fiscal year ended in June, their lowest return since fiscal 2012 and a sharp drop from the 15.5 percent they earned in fiscal 2014, according to a study rel... More »
BOSTON Sitting on a double-digit loss that is the deepest in his firm’s history, billionaire investor Bill Ackman on Tuesday told investors that he made mistakes last year in not cutting two big positions but said he sees plenty of new investment opportunities... More »
BOSTON Billionaire investor John Paulson has put up part of his personal fortune as collateral to back a credit line for his $18 billion hedge fund Paulson & Co., a government filing shows. According to a UCC Financing Statement filed in New York on Dec. 18, t... More »
BOSTON Billionaire hedge fund investor William Ackman, whose funds have suffered double-digit losses this year, on Tuesday told investors that 2015 could be his firm’s worst ever, but said clients are generally sticking with him. “If the year finishes with our... More »
NEW YORK Hedge fund managers faced a tricky question this holiday season: how to thank employees but not offend disappointed clients. Despite a year of heavy losses for some in the industry, anecdotal evidence suggests holiday traditions were upheld and, in so... More »
BOSTON – Hedge fund manager David Einhorn, who has been nursing some of the year’s biggest losses, posted tiny gains in October when the U.S. stock market had a strong showing, a person familiar with his fund’s returns said on Friday. Einhorn’s $11 billion Gre... More »
BOSTON Billionaire investor John Paulson, whose bets have long been closely followed on Wall Street, told investors on Thursday that the value of his biggest hedge fund portfolios fell last month as global markets sold off. The firm’s flagship Paulson Partners... More »
NEW YORK Leon Cooperman and Steven Einhorn’s Omega Advisors remains bullish on U.S. stocks and blames much of August’s market turmoil on so-called risk parity funds and momentum investors known as CTAs, according to a letter the fund sent to investors. Omega c... More »
BOSTON Hedge fund mogul William Ackman’s Pershing Square Holdings portfolio fell 13.1 percent this month, leaving the fund down 4.3 percent for the year, the firm said on Thursday. The performance numbers cover returns through Tuesday, Aug. 25. On Wednesday, A... More »
BOSTON Billionaire hedge fund manager John Paulson, one of the world’s most influential gold investors, said on Friday that the metal is now at an appropriate price level, following last week’s rout that dragged prices to five-year lows. Paulson, in his first ... More »
