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Citing Losses and Waning Interest in Hedge Funds, Eton Park is Shutting Down
Hedge Funds
Eric Mindich, founder and CEO of Eton Park Capital Management, informed clients on Thursday that he was shutting down the struggling hedge fund he founded in 2004, citing poor performance and a waning interest in hedge funds among investors, the Wall Street Journal reports. Eton Park, which manages about $7 billion, missed out on the market gains of 2016 and lost
Hedge Funds Double Down On "Widow Maker" Trade
Hedge Funds
A trade once nicknamed the “widow maker” by analysts at JP Morgan seems to be back in vogue with hedge funds this year. According to research from Ihor Dusaniwsky, Head of Research, S3 Partners, an independent Financial analytics firm, hedge funds’ short interest in Australian banks ticked higher last month as managers continued to speculate that Australia’s housing boom is
Valeant Short Sellers Net 343% Profit as Eyes Turn to John Paulson
Hedge Funds
As Bill Ackman and Pershing Square Capital Management are licking their recent wounds due to well-publicized trades in Herbalife  Ltd. (NYSE:HLF) and Valeant Pharmaceuticals (NYSE:VRX), there are winners as well as losers. As short sellers count their profits, and gradually reduce their exposure, they eye hedge fund manager John Paulson, whose Paulson & Company is still long the stock, for
The Case for a New Super Hedge Fund
Hedge Funds
Meet the Super Hedge Fund The investment world has a love-hate relationship with activist hedge funds. Some activist funds have achieved impressive results over the years by shaking up sleepy corporations, extracting results for shareholders and kicking out ineffective management. On the other hand, other activist funds have caused more trouble than they are worth by entering a position, shaking
Steven Cohen, Eying New Investors, Doubles Down on Quants — but Will It Work?
Hedge Funds
Steve Cohen, who earned a fortune during a period of time when portfolio managers in his hedge fund were going to jail for insider trading, did not make the list of top hedge earning fund executives in 2016, earning a paltry 1% on the assets he manages in his family office, Point72 Asset Management. When the firm was managing outside
Hugh Hendry Details Big 5:1 Le Pen Bet
Hedge Funds
Hugh Hendry and his research team at the Electica Absolute Macro Fund have always been skeptical, if not bearish in their thoughts about central bank stimulus and the economic environment. But they have generally maintained prudent but not overwhelming hedges. The fund’s performance, which peaked near one year ago before down trending into the November US elections – where it
Bill Ackman Finally Admits Defeat
Hedge Funds
After rearranging the deck chairs and continuing to play "Nearer My God to Thee" while the ship slowly sank into the ocean, Bill Ackman has finally admitted defeat and his Pershing Square fund announced on Monday (after the markets had closed) that the firm had sold its entire stake - about 27 million shares and options - in Valeant Pharmaceuticals
Female Hedge Fund Managers Outperform Male Peers
Hedge Funds
According to the latest Hedge Fund Research (HFR) report, one group of hedge fund managers is having a better time of it than the rest of the industry. Female Hedge Fund Managers gained 3.65% in the first two months of February compared to the 2.23% registered by the overall hedge fund industry. Of the 2100 hedge funds in the HFR
Activists Continue to Benefit From Strong Equity Markets
Hedge Funds
The $3 trillion hedge fund industry entered 2017 in a state of uncertainty. Flows had been persistently negative, and returns were generally perceived to have been disappointing. However, returns across the industry have been broadly positive this year, not just in February, but for the last year. 2016 Hedge Fund Letters For the third consecutive month in February, over 70%
Hedge Funds Are Still Wary of Financial Stocks
Hedge Funds
Since the beginning of November, financial stocks have been in demand as bond yields push higher thanks to raised inflation and growth expectations. In an attempt to profit from this trend, hedge funds have rotated away from tech into financials according to recent 13 F filings. However, according to research from Goldman Sachs, this rotation is not enough to make