Private equity has become one of the most popular alternative assets over the last couple of years, but investing in PE is complex because there is no secondary market for it. However, one expert suggests security tokens based on a blockchain could solve some of the issues keeping many [...]
May was a more difficult month for hedge funds, as evidenced by the growing number of monthly return sheets we have received. The energy-focused owned partially by KKR, BlackGold Capital Managementm has had a strong year overall, although May has so far been the only month to take a [...]
Hedge funds overall struggled in May, posting the first negative monthly return for 2019 based on the Eurekahedge Hedge Fund Index. Funds of funds have done especially well this year after bouncing back from last year's sordid performance. After May's 0.71% decline, the Eurekahedge Hedge Fund Index is still up [...]
We depend on the financial news media to unmask fraudulent companies and investigate potential frauds, but that all comes at a cost, often to the journalist who does the work. Even in the U.S., journalists sometimes receive death threats for articles they write, but those are the stories that [...]
Facebook officially announced its Libra cryptocurrency earlier this week, and analysts are starting to weigh in on it. The social networking firm describes Libra as a "global currency and financial infrastructure," add that it will "reinvent money" and "transform the global economy." The release statement about Facebook's Libra is [...]
Short-selling has become an area of great interest in the financial world, and not just because activists can make for good press. Some, like Tesla CEO Elon Musk, see short-sellers as inherently immoral because they're essentially betting against companies and expecting their stock prices to drop. Musk even called [...]
sarangib / Pixabay May was a bit more difficult for many hedge funds than the first four months of the year, but as always, there were some standouts. Regal Funds Management's Atlantic Absolute Fund returned 8.4% for May and is up more than 74% year to date. Regal's Atlantic fund rises [...]
It's looking more and more like May was a bit more difficult for hedge funds than the early months of the year were. Evanston Capital's Weatherlow Fund of Funds was down 1.5% for May as many of its core funds were in the red for the month as well. [...]
Allergan, a company which was once targeted by activist investor Bill Ackman of Pershing Square Capital Management, is back in the news on Wall Street again. However, this time we heard a long thesis for the stock from Quintessential Capital founder Gabriel Grego, who presented it at the Sohn [...]
Most tech and market watchers are aware of what happened to Microsoft after it missed out on the smartphone trend, and now it seems another legacy tech name is being punished for missing the next big trend in computing. At the Sohn Hong Kong conference, Sean Debow of Interlink/Swiss-Asia [...]
Over the years, activism has changed quite a bit, and even today, every activist firm has gained a reputation for itself, whether as a strong opponent or a collaborative group or something else. Starboard is a well-known activist firm which has earned a positive place in the activist community. Q1 [...]
The ongoing shift in investing preference from active management to passive funds has been well-documented, but one topic that hasn't received a lot of attention is this shift from the viewpoint of activist investors. That was exactly the focus of a discussion during a panel The Deal's Corporate Governance [...]
Environmental, social and corporate governance (ESG) issues have moved to the forefront of activist investing, and the topic was the focus of a panel at the The Deal's Corporate Governance 2019 conference in New York last week. The panelists were: Charles Penner of JANA Partners, Kal Goldberg of Finsbury, [...]
Famed short-seller Jim Chanos has been very vocal about his short of Tesla for years, and he spoke about it again on the Fireside Chat series with Charlie Gasparino on June 6. He believes Elon Musk is a big part of the issue for a number of reasons, according [...]
May was a difficult month for Big Tech, and it looks like things have gone from bad to worse now as regulators set their sites on big names like Apple and Alphabet under pressure from the U.S. Department of Justice. Hedge funds with significant positions in tech are being [...]
The Sohn Monaco Investment Conference got underway today, and many high-profile investors have presented their ideas. Jian Shi Cortesi from GAM Group pitched Chinese internet industry, while Rory Powe from GLG Man pitched a cloud giant as his largest position. Odey's Adrian Courtenay pitched a tech giant and once [...]
Well-known surveys from firms like Bank of America Merrill Lynch suggest most investors don't expect a recession until next year at least, but Stanley Druckenmiller warned in a recent interview that some less-obvious warning signs are starting to appear. He also noted that the Federal Reserve seems to be [...]
Short-sellers continue to profit off their positions in Tesla, although one fund is bemoaning its missed opportunity after trimming the position in May. Aristides Fund LP was down 1.05% in May, while Aristides Fund QP, LP declined 0.95%. Year to date, Aristides Fund LP is up 4.01%, while the [...]
Simon / Pixabay We're starting to see a very interesting trend within technology stocks. Big names like Apple are now sometimes being discussed as value stocks, and although this hasn't happened with any of the FANG names yet, it might happen one day soon. One analyst argues the case for [...]
Ever-climbing stock prices have kept a lid on gold prices for most of this year, but that could be about to change. Fund managers from Incrementum believe we have entered the early stages of a new bull market for gold, although they don't expect an easy path upward. Q1 hedge [...]
Exchange-traded funds continue to play a major role in investment portfolios amid the shift toward passive investment options, but even ETFs aren't immune from liquidations and flow problems. UBS reports that although there are more than 100 issuers of ETFs, the market is still very concentrated. BlackRock, Vanguard and [...]
Stocks drooped last week and continued to fall this week, based on major indices. Hedge funds bought the dip last week while corporates also took advantage of their lower stock prices. Inflows to Financials, Energy and Communication Services remained especially strong last week, as did inflows to Tech exchange-traded [...]
