Hedge funds: Rock stars or one-hit wonders?

by HedgeFundsX on November 21, 2014

Hedge funds have been around since the 1920s but they didn’t get a lot of attention until the 1980s. The textbook definition of hedging is an investment made to limit the risk of another investment, and that’s how early hedge funds operated. Not a radical concept — almost everyone hedges risk with insurance, for instance. We pay homeowner’s insurance premiums to protect our investment in our residence from risks such as fire or theft.

The history

The hedge fund industry may have been designed to protect investors … Read More »

Soros gives Gross $500M to invest at Janus

by HedgeFundsX on November 21, 2014

Recently departed Pimco boss Bill Gross just got a vote of confidence from one of the most successful investors of all time.

Janus Capital Management announced Thursday that Quantum Partners, a private investment vehicle managed by Soros Fund Management, has invested $500 million in a separate account managed by Gross.

The account will pursue … Read More »

Calpers’ exit from hedge funds hasn’t sparked copycats

by HedgeFundsX on November 21, 2014

Pension funds across America are not expected to follow in the footsteps of the California Public Employees Retirement System, which sent shock waves through the industry with its decision to abandon hedge funds, a prominent investor said on Tuesday.

“What is interesting is that the Calpers’ decision … Read More »

Cohen firm to stop special bonus incentive

by HedgeFundsX on November 21, 2014

Steven A. Cohen’s firm will stop collecting employees’ best trading ideas for a central investment pool and rewarding them with a special bonus, a practice that the U.S. government said created wrong incentives at his former hedge fund SAC Capital Advisors LP.

Point72 Asset Management LP, the successor firm to … Read More »

Goldman Fund Said to Fall 5.6% on Interest Rate Position

by HedgeFundsX on November 19, 2014

A $3.2 billion Goldman Sachs Group Inc. hedge fund that pools some of the firm’s best ideas declined 5.6 percent last month as a bet on the direction of U.S. interest rates went wrong, two people with knowledge of the matter said.

Goldman Sachs Global Opportunities Fund, which invests based on the trade ideas from … Read More »

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