Bloomberg (October 10)
“Betting against the dollar has been the dominant trade this year in the $9.6 trillion-a-day foreign exchange market, but the wager is starting to stumble. The world’s primary reserve currency is around a two-month high even as the US government shutdown drags on, and traders in Asia and Europe say hedge funds are adding options bets that the rebound versus most major peers will extend into year-end.”
Tags: $9.6 trillion, Asia, Dollar, Dominant, Forex, Government, Hedge funds, Market, Options bets, Rebound, Reserve currency, Shutdown, Stumble, Trade, Traders, Two-month high, U.S.
Institutional Investor (March 12)
“February was a disaster for many biopharma, life sciences, and other health care hedge funds. Most lost money, several by double-digit rates, and as a result were in the red heading into March.” Whether the Trump administration will “slow down or pause the approval process for drugs currently in development” is making investors “jittery.” On top of that, “the stock market’s general volatility and sell-off have been especially rough on fledgling companies with little or no revenue and earnings — including this sector — exacerbating investor concerns.”
Tags: Approval process, Biopharma, Development, Disaster, Drugs, February, Health care, Hedge funds, Investors, Jjittery, Life sciences, Sell-off, Stock market, Trump administration, Volatility
Institutional Investor (August 26)
Multistrategy funds “are no longer the hottest thing in hedge funds. Investors fear too much money, and overcrowding of trades could pose systemic risk.” There is now growing interest in “single manager market-neutral funds.”
Tags: Fear, Hedge funds, Hottest, Investors, Market-neutral, Money, Multistrategy funds, Overcrowding, Single manager, Systemic risk, Trades
Wall Street Journal (August 8)
“July’s gains left hedge funds closing out so-called short positions and cutting risk at the fastest pace in years.” As they race to cover their shorts, they are “providing yet another tailwind for stocks, which have rallied this summer on optimism that a strong economy can withstand higher interest rates.” The rally caught many “short sellers off guard,” and as they “buy the shares back at a high price to limit further losses,” additional demand can drive “prices go even higher.”
Tags: Cutting risk, Gains, Hedge funds, Interest rates, July, Losses, Optimism, Rally, Shares, Short positions, Stocks, Tailwind
Institutional Investor (April 6)
“Venture capital activity has all but dried up for the hedge funds (and/or their VC arms) that used to be among the most active in the private market for tech, internet, and new economy companies.”
Tags: Active, Dried up, Hedge funds, Internet, New economy, Private market, Tech, Venture-capital
Institutional Investor (December 6)
“Hedge funds have outperformed public markets but are now suffering from redemptions as investors find they are overweight alternatives.”
Tags: Alternatives, Hedge funds, Investors, Outperformed, Overweight, Public markets, Redemptions, Suffering
Institutional Investor (August 23)
“With an influx of cash from nontraditional investors, average late-stage valuations could hit $1 billion this year, according to PitchBook,” which attributed the surge in “valuation growth to a positive economic outlook and cash influx from nontraditional investors, including mutual funds, hedge funds, sovereign wealth funds, and corporate venture capitalists.”
Tags: $1 billion, Cash, Economic outlook, Hedge funds, Influx, Investors, Late-stage valuations, Mutual funds, Nontraditional, PitchBook, Sovereign wealth funds, Surge, VC
Bloomberg (June 15)
“If Toshiba Corp. tried to bully hedge funds through the government, that’s a bad look all around. The only parties who come off well are the activists the company allegedly aimed to suppress…. In the end, it looks like activist hedge funds aren’t so big and bad after all. They’re doing what they’re supposed to do. Now it’s open season for Japan Inc.”
Tags: Activist, Activists, Bad look, Bully, Government, Hedge funds, Japan Inc., Suppress, Toshiba
Institutional Investor (March 25)
Due to the “historic buying opportunity,” a few “hedge funds legends” are “quietly contacting investors” These “superstar managers” are “making an exception” and reopening their funds to new investors citing “the massive drop in asset prices catalyzed by the novel coronavirus pandemic.”
Tags: Asset prices, Buying opportunity, Coronavirus, Hedge funds, Historic, Investors, Legends, Reopening
Wall Street Journal (March 9)
“The biggest activist hedge funds are jumping on the wave of socially responsible investing.” The “latest latest trend in shareholder activism” is strategic. “Highlighting ESG could help activists win the support of the big funds that is crucial to their success—and ignoring the issues could make their backing harder to win”.
Tags: Activists, Backing, Hedge funds, Shareholders. ESG, SRI, Success, Trend, Win
