Sober in Sin City: Hedge funds focus on work at Las Vegas event

Sober in Sin City: Hedge funds focus on work at Las Vegas event

LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those of the past, as big money investors focused less on gambling and champagne-soaked “Sin City” celebrations and more on the grind of vetting fund managers. Hedge fund managers and investors meet at the Context Leadership […]

Stock-focused hedge funds post biggest gains among top performers

BOSTON (Reuters) – Hedge funds managers who bet on stocks scored some of the industry’s biggest gains in 2017, when equity markets galloped past a series of critical milestones, according to a new list of the top 20 all-time performers. The annual list, released on Sunday, shows Steve Mandel’s Lone Pine Capital, John Armitage’s Egerton […]

Exclusive: Blackstone's Hill hands hedge fund reins to McCormick

BOSTON (Reuters) – After nearly two decades of growing Blackstone Group into the world’s biggest hedge fund investor with some $ 74 billion in assets, J. Tomilson Hill is passing the baton. Blackstone has promoted John McCormick to president and chief executive of hedge fund unit Blackstone Alternative Asset Management (BAAM) and Hill will become […]

Hedge funds embrace machine learning—up to a point

Hedge funds embrace machine learning—up to a point

ARTIFICIAL intelligence (AI) has already changed some activities, including parts of finance like fraud prevention, but not yet fund management and stock-picking. That seems odd: machine learning, a subset of AI that excels at finding patterns and making predictions using reams of data, looks like an ideal tool for the business. Yet well-established “quant” hedge […]

Hedge fund Tudor shuts one portfolio; Jones to play bigger role

BOSTON (Reuters) – Paul Tudor Jones, one of Wall Street’s most prominent investors, is restructuring his Tudor Investment Corp. by liquidating one portfolio and planning to play a bigger role in managing money at the hedge fund firm he founded nearly four decades ago. FILE PHOTO – Paul Tudor Jones, founder and chief investment officer […]

The 20 percent club: hedge fund stars of an industry rebound

The 20 percent club: hedge fund stars of an industry rebound

NEW YORK (Reuters) – A group of prominent hedge funds have roared back with market-trouncing returns in 2017, helping the industry score its best performance in at least four years in a surprise rebound for an often maligned pocket of Wall Street. FILE PHOTO: Larry Robbins, Founder, Portfolio Manager and CEO, Glenview Capital Management LLC., […]

Nestle CEO praised by Third Point but hedge fund still wants more

Nestle CEO praised by Third Point but hedge fund still wants more

LONDON/BOSTON (Reuters) – Nine months into leading the world’s biggest packaged food company, Nestle SA (NESN.S) Chief Executive Mark Schneider got a tentative thumbs-up from a prominent investor, who praised his early steps on Friday but said there was more work to be done. FILE PHOTO: Nestle CEO Ulf Mark Schneider speaks during the Nestle […]