A recent article in Bloomberg details how an obscure brokerage has blossomed into a financial empire in Kazakhstan, of all places. Freedom Holding Corp., helmed by 33-year-old billionaire Timur Turlov,…
Tag: Hedge Funds
Hedge Funds Are Hot Again and Hard To Find
Investors trying to get in on the nascent boom may find it’s already too late to put their money to work with the most promising money makers. This according to…
Billionaire Alan Howard Returning Cash to Investors
Billionaire fund manager Alan Howard is returning cash to clients in the Brevan Howard AH Master Fund he launched four years ago to “make bigger and riskier bets,” according to…
Hedge Fund Short Trade Collapses While Longs Rise
After getting “battered by the Reddit crowd earlier this year,” Wall Street bears have lost their appetite for shorts, as the easing of lockdowns and a fervent vaccine rollout have…
Tepper Getting Bullish on Stocks
Earlier this month, Appaloosa Management founder David Tepper told CNBC that it’s very difficult to be bearish on stocks right now and said he believes rates should stabilize in the…
Redemptions of $5 Billion Since Dec 1 for Renaissance Technologies
After posting its worst-ever returns, clients of investing giant Renaissance Technologies have asked for $5 billion in redemptions since December and are poised to “yank another $1.65 billion this month,”…
China Hedge Funds Trounce Wall Street
The outsized gains enjoyed by China’s hedge funds are putting them ahead of their foreign competitors and helping attract more assets. This according to a recent article in Bloomberg. “The…
Melvin Lands $2.75 Billion Backing from Citadel, Point72
After losing about 30% this year, Gabe Plotkin’s Melvin Capital scored a$2.75 capital injection from hedge fund titans Ken Griffin of Citadel and Steve Cohen of Point72 Asset Management. This…
2020’s Top Performing Hedge Funds
The hedge fund industry earned $127 billion in 2020, “with some of the biggest firms dominated by human traders racking up record profits.” This according to data from LCH Investments…
Big Gains for Small Hedge Funds in Tough Times
Although hedge funds have been trailing the U.S. stock market this year, some of the smallest are emerging as top performers. This according to a recent article in The Wall…