Robinhood Crowd Helps Hedge Fund Manager Gain 30% This Year

One hedge fund manager is getting some inspiration from an unlikely source: the Robinhood crowd. Adam Sender’s volatility hedge fund has climbed 30% this year — in part by betting on and against stocks that have been popular on the retail trading app. He notched gains by wagering around stocks including carmakers Hertz Global Holdings Inc., NIO Inc. and Tesla […]

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Fannie-Freddie Risk Bonds Threaten Big Losses for Fund Managers

Hedge funds and mutual funds are among bond holders that could lose $2 billion as a consequence of U.S. lawmakers’ letting millions of homeowners delay their mortgage payments during the coronavirus pandemic. At stake are so-called credit-risk-transfer securities whose owners include fixed-income funds run by Franklin Resources and AllianceBernstein Holding LP. The securities, which threaten to lead to estimated losses […]

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Stocks’ Huge Rally Is Pushing Investors Back Into Hedge Funds

After years of losing both clients and clout in financial markets, signs are emerging that hedge funds are back in favor in the U.S. In the past few months, investors such as George Soros’s family office and the Texas pension fund have been plowing cash into hedge funds in an effort to diversify their assets after stock markets rebounded much […]

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Financial Hiring Gets Tougher in Never-Meet-in-Person Era

Quentin Marshall hired three people over the past two months. He filled the roles without meeting any of them in person. Recruiting during a pandemic requires “breaking down a lot of prejudices about how to do things,” said Marshall, head of private banking at U.K. lender Weatherbys. “Once you get over this idea you must be sharing the same oxygen […]

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Hedge Funds Plan Extreme Lengths to Protect Staff After Lockdown

One hedge fund may shut an office in Asia permanently and have employees work from home. Another may dramatically shrink its Manhattan headquarters. Meanwhile, industry titan Millennium Management has a 50-point checklist for reopening offices that includes air filtration and an application process for staff who want to come in. Around town, rivals are discussing procuring infrared temperature scanners for […]

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Hedge Fund Clients Race to Open Their Wallets for Star Managers

In this article Some of the hedge fund world’s biggest names are seeking fresh cash, and investors have been quick to respond. Managers including Ken Griffin and Seth Klarman have wanted to raise money to seize on opportunities in the coronavirus pandemic — and clients once forced to the sidelines are ready to open their wallets. More than half of […]

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Hedge Fund Hotshots Suffer Humbling Losses in Coronavirus Chaos

Some of the hedge fund industry’s biggest names made history in March — for all the wrong reasons. Firms run by Ray Dalio, Michael Hintze, Adam Levinson and others suffered their worst-ever losses last month, with some funds down as much as 40% as the coronavirus pandemic battered global markets. Overall, three out of four hedge funds lost money, according […]

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The Booming Short-Volatility Bet That Lost 46% in a Single Month

A booming but opaque volatility trade beloved by hedge funds just erased two decades of performance in a single month. Betting against price swings in the S&P 500 Index via an over-the-counter instrument known as a variance swap returned minus 46% in the month through March 20, according to Barclays Plc. While perennially popular, the trade has ballooned in recent […]

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Hedge Fund Outflows Neared $100 Billion in 2019, Most Since 2016

Hedge funds suffered almost $98 billion in net outflows in 2019, the most in three years, as managers trailed the stock market rally. Investors pulled more than $16 billion from the industry in December alone, capping a year that saw the longest stretch of monthly client withdrawals since the 2008 financial crisis, according to data compiled by eVestment. The redemptions […]

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Hedge Fund Holocene Triples Assets Yet Still Turns Away Money

Brandon Haley’s hedge fund has tripled assets to $5.3 billion in 2 1/2 years — with more money at the ready. Holocene Advisors has a wait-list of eager investors but to keep growth manageable it’s only periodically taking in limited amounts of money from certain clients and turning others away, according to people with knowledge of the matter. The firm, […]

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