Investors in Tudor Investment, the hedge fund firm namesake of billionaire Paul Tudor Jones, have asked for more than $1 billion of their money back in recent weeks, Bloomberg reports. Simone Foxman reports that redemption requests have recently accele…
That’s the question every investment banker now asks when selling a company or asset anywhere in the world. M&A advisers are even flying China specialists across oceans for pitches. Anbang-like…
The Grant’s Interest Rate Observer Spring 2016 conference just took place yesterday. Here are some notes from all of the speakers at the event:David D’Alessandro (CMDTY Capital) – Long Oil · Peak ove…
Nelson Peltz’s Trian Fund Management has sold nearly all of its stake in Baltimore-based fund shop Legg Mason (LM) to Shanda Group, a holding company based in Singapore. The transaction ends years of cage-rattling by the activist investment house
Most of the presentation tiles have now been announced for the London Value Investor Conference on May 26th. This year there will be more investment ideas presented at the conference than ever before, with a minimum of 10 investment ideas planned…
Point72 Asset Management, the $11 billion family-office outgrowth of Steven Cohen’s SAC Capital Advisors, just brought six former employees home. Reuters reports that half a dozen former SAC employees have joined Point72 after leaving in 2013 and 201…
Seth Klarman’s investment firm Baupost Group has filed an amended 13G with the SEC regarding its stake in Bellatrix Exploration (BXE). Per the filing, Baupost now owns 4.51% of the company with over 8.65 million shares.This is down from the 23.99…
Eashwar Krishnan’s hedge fund firm Tybourne Capital has filed a 13G with the SEC regarding its stake in Workday (WDAY). Per the filing, Tybourne now owns 2.5% of the company with over 2.95 million shares.This is an increase from the 1.23 million …
Chase Coleman’s hedge fund firm Tiger Global has submitted various SEC filings recently pertaining to their stake in Pure Storage (PSTG). Per a Form 4 filed with the SEC, Tiger Global sold over 3.27 million shares of Pure Storage on April 4th at …
One subset of “liquid alternative” mutual funds, those that own hedge funds, have fared particularly poorly in recent years. Recall that “alts” are basically hedge funds bundled as mutual funds and come in all shapes and sizes. One flavor of so…
Associated Press Look out below. Another stock favorite among hedge funds, Allergan (AGN), is knifing more than 20% lower in post-market trading after the U.S. Treasury Department and Internal Revenue Service announced new rules to curb corporate tax
The U.S. Justice Department has sued activist investment firm ValueAct Capital Management for failing to tell the government about more than $2.5 billion in stock purchases in Halliburton (HAL) and Baker Hughes (BHI), Bloomberg reports. David McLaughli…
Long and short: confessions of a portfolio manager [Lawrence Creatura]Hedge fund co-working space [Hedge Fund Labs]The fall of China’s hedge fund king [NYTimes]Chinese hedge funds scramble as regulators clean up ‘Wild East’ [Reuters]Can ‘smart beta’ ge…
More pensions are pulling the plug on hedge funds. Timothy Martin and Rob Copeland at The Wall Street Journal report that pension funds are growing skeptical of higher fees and lackluster performance, spotlighting the Illinois State Board of Investment…
Links to the best reading in funds investing: Hedge fund Luxor Capital has erected gates around investor cash — Svea Herbst-Bayliss, Reuters The outlook is grim for money managers, particulary active ones — Economist Ten questions about the Labor …
Hedge funds are joining mutual funds and venture capital firms in treating tech start-ups with an newfound air of caution. Selina Wang at Bloomberg notes that hedge funds participated in just two venture capital rounds in U.S. tech companies last mon…
Leon Cooperman’s hedge fund, Omega Advisors, reportedly got a heads up from federal regulators that close scrutiny could be on the way. Bloomberg’s Simone Foxman reports that Omega received a so-called Wells notice from the Securities and Exchang…
The U.S. stock market has rallied into slightly positive territory for 2016, bouncing back from an early-year swan dive. How are your funds doing? Goldman Sachs’ U.S. stocks guru, David Kostin, crunches the numbers on mutual and hedge fund performa…
Last year’s trend was for many hedge funds to shut their doors and for and fewer eager entrants to join the fray. Mary Childs at Financial Times reports that more hedge funds closed last year (979) than in any year since 2009, citing data from Hedg…
Hedge fund manager Bill Ackman will join the board at Valeant Pharmaceuticals International (VRX) as the troubled company seeks a replacement for its chief executive, Michael Pearson. The company said in a release early on Monday that it has init…
Diversified Asset Allocation Portfolios For Your Plans
| Vanguard ETF: | 10%* |  |
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