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Hedge Funds Betting On M&A Outperform Peers, But Lag Behind 2021 Levels
Tuesday, June 18, 2024 - 8:42am | 557In a recent report, Goldman Sachs revealed that hedge funds focusing on mergers and acquisitions have outperformed their peers in the first five months of 2024. What Happened: M&A-focused hedge funds have seen a 7.7% return in the first five months of 2024. This is a significant turnaround from...
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Financial Advisors Slow In Adopting Bitcoin ETFs Despite Self-Directed Investor Surge, BlackRock Executive Says: 'I Would Call Them Wary…'
Monday, June 17, 2024 - 6:03am | 871A BlackRock Inc. executive has suggested that financial advisors are proceeding cautiously with Bitcoin (CRYPTO: BTC) exchange-traded funds after the Securities and Exchange Commission (SEC) approved them in January. What Happened: Samara Cohen, BlackRock’s chief investment officer of ETF and...
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Elon Musk Reacts To An Old Clip From Lex Fridman's Podcast On What 'Exactly' Is Wrong With SEC: 'The Lawyers Of The SEC Are Not Paid Well'
Tuesday, April 30, 2024 - 8:19am | 787Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), recently expressed his dissatisfaction with the Securities and Exchange Commission (SEC) on Lex Fridman‘s podcast. What Happened: On Tuesday, Musk took to X to agree with a post by @MuskBreaking that highlighted a snippet of his criticism of the...
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Choccy-Horror Show: Hedge Funds Pile In As Cocoa Soars To Record High
Friday, February 16, 2024 - 1:10pm | 773The biggest squeeze in the cocoa market in more than a decade has pushed prices of the commodity to record highs in recent sessions as hedge funds have piled into cocoa futures since the start of the year. This has been great news for the speculative investors and funds at the heart of this trade,...
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Disney Epic: Activist Shareholders Prepare For Boardroom Blitz
Monday, February 12, 2024 - 4:00pm | 787On April 3, Walt Disney Company (NYSE:DIS) shareholders will vote for their board selections in the culmination of one of the most bitter, expensive shareholder fights in history. Slugging it out against the media giant are two activist hedge funds who are making separate bids to have their...
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Hedge Fund Investors Pull $100B From Market As Stock Pickers Underperform
Wednesday, February 7, 2024 - 10:17am | 809More than $100 billion was withdrawn from hedge funds in 2023, following similar outflows in 2022 as investors tired of strategies that have been underperforming the market for several years. What Happened: Data, provided by Nasdaq eVestment showed that among the worst-performing strategies was the...
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Short Seller Hedge Funds Rack Up $43B Loss In Recent Market Rally
Wednesday, November 22, 2023 - 1:15pm | 530The recent equity market rally, which has launched the S&P 500 on course for its best month since July 2022, squeezed hedge fund short sellers to the tune of $43 billion. Data collected by S3 Partners showed that hedge fund short-selling losses between Tuesday and Friday last week — following...
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One Hedge Fund Manager's Plan For $200 Million Investor Windfall
Thursday, November 16, 2023 - 1:55pm | 530Saba Capital Management has called on BlackRock to merge its ESG Allocation Trust subsidiary with one its ESG (environmental social governance) mutual funds, in the hope of creating a $200 million windfall for investors. Saba Capital founder and chief investment officer Boaz Weinstein tweeted on...
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Disney's Kingdom Shaken As Activist Investor Stirs Up Boardroom With Bold Stock Play
Thursday, November 2, 2023 - 4:15pm | 777Media giant The Walt Disney Company (NYSE:DIS) has had a rough 2023 with the company's share price hitting lows not seen in about a decade. With activists circling the company, major changes could be on the horizon. What Happened: Activist investor Nelson Peltz of Trian Fund Management has launched...
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Rescue Capital: The Superhero For Multifamily Properties In Distress
Friday, September 29, 2023 - 7:58am | 572When interest rates hit historic lows during the coronavirus pandemic, many multifamily investors acquired deals using floating-rate bridge loans. Interest rates have since soared — often doubling — and those investors not having trouble making payments and are defaulting on the loans. ...
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Altimeter Capital CEO Touts AI's Potential, Foresees Impact Surpassing Internet, Mobile Tech
Thursday, September 28, 2023 - 5:16pm | 710Brad Gerstner, CEO of Altimeter Capital, has expressed strong optimism for the potential of artificial intelligence (AI), declaring it to be more impactful than the internet or mobile technology. Gerstner made these remarks at the CNBC Delivering Alpha Investor Summit on Thursday....
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Billionaire Ray Dalio Shuns Bonds, Embraces Cash: What's Behind His Strategy?
Thursday, September 14, 2023 - 4:34pm | 640Ray Dalio, the billionaire hedge fund investor and founder of Bridgewater Associates LP, has taken a bold stance against the conventional wisdom of owning bonds. In an interview with Bloomberg during the 10th Milken Institute Asia Summit in Singapore, he declared his aversion to debt, bonds, and...
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Hedge Funds Lose Over $6B Betting Against US Cruise Lines And Hotels
Friday, August 4, 2023 - 5:22am | 408Hedge funds have suffered over $6 billion in losses this year, underestimating the resilience of U.S. consumers, particularly in the cruise line and hotel sectors, Financial Times reports. Hedge funds bet against companies like Royal Caribbean (NYSE:RCL) and Carnival Cruise Lines (NYSE:CCL),...
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Stanley Druckenmiller Says Fiscal Recklessness Of Last Decade 'Has Been Like Watching A Horror Movie Unfold'
Tuesday, May 2, 2023 - 11:32pm | 403Hedge fund investor and long time deficit hawk Stanley Druckenmiller reportedly said the current deadlock over the debt ceiling is dwarfed by the dangers of unchecked future government spending. What Happened: Druckenmiller said on Monday, "The fiscal recklessness of the last decade has been like...
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No Recession Ahead? Hedge Funds Reportedly Place Record Bets Against Benchmark Treasuries
Monday, April 24, 2023 - 3:29am | 421Hedge funds appear to be holding the view that the U.S. economy will not tip into recession in coming times as is reflected by their record bets against the 10-year benchmark U.S. Treasury notes. What Happened: Leveraged investors increased their net shorts on 10-year Treasury futures to a record 1...