December 16, 2017

Hedge Fund Startup Is Riding the Social Media Wave

An iPhone screen with social media icons

Institutional Investors should have known better than to invest in Facebook’s IPO. Despite the stock’s comeback since its poor start, institutional investments own only 19% of the shares outstanding (vs. 67% for Apple). Internet companies are dominating the news and one hedge fund startup is riding the social media wave. Tom Wyman has years of […]

What’s on Warren Buffett’s Reading List?

Warren Buffett has some reading homework for his fellow investors.

One might not think of Warren Buffett as the stereotypical hedge fund manager. But I’m going to start including him in my posts. Here’s why: Warren Buffet started investing his portfolio well before hedge funds became a household term. Warren Buffett amassed approximately a 24% annual return since 1964, probably beating out every hedge fund […]

Lasry Boldly Goes Where Few Men are Going: Europe

The Queen's Guard marching in England, a country with a safer risk profile for hedge funds like Avenue Capital

Distressed hedge fund manager, Marc Lasry, founder of Avenue Capital, is known for fishing in dangerous waters. Whether it’s debt of a company in bankruptcy or a falling country’s sovereign bonds, Lasry has made a fortune for his investors through his savvy investing. Described as “adventurous” by fellow financiers, Lasry boldly goes where few men […]

Trian Tries on Lazard for Size

Trian Partners is bullish on Lazard shares, whose headquarters are Rockefeller Center.

I’d want to own a legendary boutique investment bank. In fact, I can, because Lazard (pronounced “Luh-Zahrd”) went public in 2005 and shares cost $26. But one hedge fund, Trian Partners, wants to own Lazard more than I do (or has more money) because they recently disclosed a 5% stake in the bank. The announcement […]

Apple Juices Up the Gains of the Biggest Hedge Funds

Apple's inclusion in the biggest hedge funds's basket of stocks has juiced up their returns.

The stock market is on a tear since the beginning of the year. Apple has dominated the headlines by trouncing Wall Street estimates. Its stock has risen 34% in 2012 increasing its market capitalization to over $500 billion. Fortunately for hedge fund managers, Apple makes up some of their biggest stock holdings. Stephen Taub of […]

Baupost Group Founder Between a Rock and Hard Place

A proposed limestone quarry in Ontario, like this one in Virginia, puts the Baupost Group founder between a rock and a hard place with local residents.

Seth Klarman runs the 11th-largest hedge fund with $24 billion under management. He’s not being conservative with that tidy sum under his care. Klarman wants to transform 2,300 acres of Canadian farmland into a limestone mine writes Scott Cendrowski in Fortune. The people of Melancthon, Ontario, however, raise environmental, health, and aesthetic concerns. They say […]

Like Tebow, These Fund Managers Stick Close to Their Beliefs

Much like quarterback, Tim Tebow, some funds adhere strictly to their faith when making investments.

One of the biggest stories this year in professional football this year has been of phenom quarterback, Tim Tebow. Tebow’s Christian faith, his on-field kneels of prayer, and his off-field charity work have earned him fans. Unfortunately, due to football’s allegiances, he’s earned detractors as well. Barron’s J.R. Brandstrader focused on a unique mutual fund, […]

Greenlight Capital’s David Einhorn Plays Europe’s Game

David Einhorn, an avid poker player, plays Europe's game in changing his sovereign debt strategy

David Einhorn, the manager of the hedge fund Greenlight Capital, and an avid poker player, has wagered a safer bet on sovereign debt. European governments have rewritten the rules so that even if countries like Greece or Italy default on their debt, they won’t really default. That means that credit default swaps, which make money […]

Gold is Hardly a Hedge for Paulson

Even with its continued rise in price, gold is hardly a hedge for Paulson

John Paulson’s hedge fund, Paulson & Co., is winding up a dreadful year. Its largest funds, Advantage Plus and Advantage, with a combined $11 billion in assets, fell 46 and 32% percent, respectively. A significant percentage of these funds were invested in gold and gold-related bets. But gold is hardly a hedge for Paulson, which […]

At Goldman Sachs, The Real Money May Be in Seeding Hedge Funds

Lloyd Blankfein, Goldman Sachs's CEO and risk management expert, has found seeding hedge funds a safe alternative to internal funds

Goldman Sachs’s approach to hedge funds is changing. Liz Rappaport reports in the The Wall Street Journal that the firm is shifting its focus from its internal Goldman Sachs Asset Management, or GSAM, hedge funds and towards investing in new start-ups. Everyone knows great-performing hedge funds reap tremendous profits for its principals and many investment […]