A new study of the stock-picking results of nearly 1,500 hedge funds over a 20-year period found that managers’ highest-conviction ideas are not necessarily better than any others. This according…
Tag: Hedge Funds
Historic Buying Opportunity with Some Hedge Fund Legends
Fund’s like Seth Klarman’s Baupost—normally closed to new capital—are now making an exception due to the “massive drop in asset prices catalyzed by the novel coronavirus pandemic,” which has sent…
Hedge Fund Trader Made $2 billion in 2019 Without Clients
Although Michael Platt closed his hedge fund firm BlueCrest Capital four years ago, he continued to trade using his own wealth and managed to earn $2 billion in 2019. This…
Another Hedge Fund Giant is Returning Investor Capital
Louis Bacon is stepping away from Moore Capital Management, which will return money to investors from three of its flagship funds “while continuing to invest on behalf of the firm’s…
Five Questions: The Man Who Solved the Market with Gregory Zuckerman
If I asked you to name the greatest investor of all time, you would likely immediately think of Warren Buffett. And there is good reason for that. Buffett has put…
Jim Simons and the Best Hedge Fund Ever
In a recent Bloomberg article, columnist Barry Ritholtz reviews the new book by Wall Street Journal reporter Greg Zuckerman, “The Man Who Solved the Market: How Jim Simons Launched the…
The Reckoning of the Hedge Fund Kings
Research from the firm HFR Inc. shows that clients have withdrawn money from stock-picking hedge funds for three years running, the longest stretch of outflows since it began tracking data…
Who Needs a Hedge Fund? Not Jeffrey Vinik
After relaunching Vinik Asset Management earlier this year (it was closed in 2013), Jeffrey Vinik found that it was much harder to raise money than he anticipated, according to a…
Citadel's Ken Griffin Could Sell Some Business
Billionaire hedge fund founder Ken Griffin might be shopping a piece of his growing hedge fund business, according to a recent article in Crain’s. The article reports that the industry…
Shift from Momentum Proves Boon or Einhorn's Greenlight Capital
David Einhorn’s Greenlight Capital hedge funds gained 8.4% in September, bringing average weighted returns for the year to 24%, the company reported. This according to a recent article in Bloomberg.…