Market Moves
Seth Klarman’s Diagnosis for the Market Rally: Virus-Prompted Impatience
Investors, cooped up and eager for normality’s return, are mistakenly bidding up share prices, he contends—and it won’t end well.
Tag: hedge fund
Alternatives
Institutional Investors Boosting Hedge Fund Allocations, Survey Finds
Allocators leery of a second half downturn are diversifying portfolios with the asset class.
Asset Management Culture
Elliott Pushes for Performance Boost at Crown Castle
Activist investor Paul Singer’s firm is unhappy with shareholder returns from the telecom company’s pivot to fiber infrastructure.
Opinion
Op-Ed: An Allocator’s Role in Fighting Discrimination
Hartford HealthCare’s CIO David Holmgren illustrates how he is fighting against social injustices, in response to a CIO column written by Tony Waskiewicz that called for examples of allocators in action.
Benchmarking Addendum: But What’s the Best Way to Benchmark Alts?
Longtime CIO Tony Waskiewicz answers the question: ‘Would you use the same long-only benchmarks?’
Market Moves
Singer: Look for Another Market Slide, to 50% Below Peak
Deep recession will deliver stocks a second tumble, hedge fund heavyweight says.
Coronavirus - COVID-19
Ackman Scored $2.6 Billion on Bond Bets as Markets Sank
After toying with cashing in all his assets, the investor placed a canny wager against corporate fixed-income.
Coronavirus - COVID-19
Ray Dalio Says US Corporations Will Lose $4 Trillion to Coronavirus
The amount of money needed globally could notch up to $12 trillion, he said.
Alternatives
Investors ‘Double Down’ on Alts Amid Market Turmoil
Market concern is increasing investors’ appetite for alternative assets.
Asset Management Culture
Flagship Bridgewater Fund Reportedly Tumbles 20% From Coronavirus
Founder Ray Dalio has admitted being taken by surprise by the economic impact.
Regulation
SEC Stops Allegedly Fraudulent Hedge Fund Offering that Raised $39 Million
Manager is accused of misleading investors and using funds to buy luxury apartments.
Regulation
Hedge Fund Manager Gets Nearly 12 Years in Prison for Fraud
Nicholas Genovese pleads guilty to lying about credentials and hiding a criminal background.
Asset Allocation
Massive UK Pension to Cut Its External Hedge Fund Portfolio in Half
The Universities Superannuation Scheme intends to utilize its in-house investment team over managers.
Market Moves
Ken Griffin: Nobody Cares About Inflation, but They Should
Hedge fund kahuna laments that markets aren’t prepared for a return bout of soaring prices.
Asset Allocation
More Active Managers May Make a Comeback This Year: Mercer
Hedge funds and other active strategies still play a role in diversifying risk in client portfolios, says firm’s Hyman.