Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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Prominent hedge funds invested in Twitter before Musk unveiled plans
BOSTON, May 17 (Reuters) - Prominent hedge funds, including Point72 Asset Management and Bridgewater Associates, invested in Twitter (TWTR.N) during the first quarter, putting them on course to reap big gains early in the second quarter when…
Analysis | Tiger Cubs and the Danger of Hedge Funds Buying Too Many Unicorns
Last year, when the tech sector was all the rage, hedge funds raced to private markets, writing million-dollar checks in minutes, to get exposure to the next-generation of unicorns before anyone else. As the Nasdaq selloff pummels their portfolios…
A Bull Case Is Forming Around Bearishness at Hedge Funds, Quants
Light positioning viewed as setting stage for market recovery Sentiment is souring with Fed hikes fueling recession fears The repositioning has been fast and deep among the biggest stewards of investment money, a retreat from risk that may aid the…
Disgraced hedge fund tycoon Phil Falcone raising money for crypto TV network
Phil Falcone is pitching a 24/7 crypto news network. Phil Falcone is angling to profit from TV coverage of crypto assets — an oddball bid to reverse a decade-long slide from being a billionaire to pleading that he's broke. The fallen hedge…
Did Archegos Really Keep Its Brokers in the Dark? Some Hedge Fund Pros Doubt It
When the federal government filed fraud charges last month against executives of Archegos Capital Management, the charging documents gave the impression that the brokerage firms that lost a collective $10 billion in the fund's 2021 collapse lacked…
Hedge funds to crypto traders: 'Told you it was a bubble'
Investors are being bombarded from all angles. Covid continues, inflation is rampant, war rages in Ukraine, and tech stocks are deflating. But for some corners of the market, the one and only concern is the crypto crash. 'It's a disaster for crypto…
Allianz unit to plead guilty, pay billions over hedge fund loss
A unit of Allianz SE agreed to plead guilty to fraud in the implosion of a group of investment funds that lost $7 billion. The agreement by Allianz Global Investors US, a New York investment adviser wholly owned by Allianz SE, came as Gregoire…
Netflix Bloodbath Continues: 150 Laid Off as Hedge Funds Dump Stock
The bloodbath at Netflix continued Tuesday as the far left-wing streamer laid off around 150 employees as part of its ongoing efforts to cut spending amid a catastrophic subscriber forecast for the months ahead. Compounding the company's woes…
Allianz Unit Criminally Charged, Will Pay Billions Over $7 Billion Hedge Fund Blow Up; CIO Arrested
The last time we checked in on the remarkable story of Allianz' imploded hedge funds in mid-February, we learned that the insurance giant would take a €3.7 billion charge against the event which was not supposed to happen. That's because the…
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Pennsylvania, North Carolina midterm primaries latest test of Trump's sway
PHILADELPHIA, May 17 (Reuters) - Voters in Pennsylvania and North Carolina will pick nominees in critical U.S. Senate and gubernatorial contests on Tuesday that provide another test of former President Donald Trump's sway with Republican voters…
The mauling of Tiger Global
Tech stock sell-off has lost Chase Coleman's hedge fund $17bn this year Receive free Tiger Global Management LLC updates We'll send you a myFT Daily Digest email rounding up the latest Tiger Global Management LLC news every morning. Early last year…
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Billionaire John Arnold backing energy-focused credit fund - sources
May 17 (Reuters) - John Arnold, a former Enron trader and hedge fund honcho known as the 'king of natural gas', is backing an energy-focused credit fund that will aim to take advantage of commodity prices at multi-year highs, sources familiar with…
Dollar Vs. Euro: The world's top 2 currencies are nearing parity
The dollar and euro are on the verge of being equal for the first time since 2002. A top economist told Insider that parity could be reached within 'a month or so.' The euro has lost nearly 14% against the dollar in the past year and is far below…
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Picasso painting sells for $67.5 million at New York auction
NEW YORK, May 17 (Reuters) - The 1932 Pablo Picasso painting 'Femme nue couchée' sold for $67.5 million on Tuesday at its auction debut at Sotheby's in New York, the most recent large sale at auction for blue-chip art. The eight-digit sale…
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Tiger Global raised stakes in some tech names battered by year's rout
Investment firm Tiger Global, which has lost billions of dollars in this year's technology stock meltdown, increased its stakes during the first quarter in several companies that have been especially hard hit by the selloff, a regulatory filing…
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