US Decoupling From China Would Slow Innovation, Citadel Founder Says (Yicai Global)
(Yicai Global) March 25 — If the United States were to decouple from China, it would slow innovation, Ken Griffin, founder and chief executive of US financial firm Citadel LLC, said in a recent interview with Yicai Global. Citadel’ hedge funds have been among the world’s most profitable in the past 30 years and the firm’s market maker business has a one quarter share of the US market, while also operating in more than 35 countries and regions.
Sir Christopher Hohn Urges Shareholders to Vote Against Climate-Laggard Bank Directors (Business Green)
Billionaire hedge fund manager says banks committed to net zero while lobbying against climate regulations are guilty of ‘greenwashing’. Billionaire hedge fund manager Sir Christopher Hohn has called on shareholders to vote against directors of banks which fail to adequately measure and report on their exposure to climate risk, after new research today warned many of the world’s biggest financial institutions are continuing to fund the expansion of fossil fuel infrastructure.
Huntsman Corp Beats Starboard’s Board Challenge, Shares Tumble (Reuters)
BOSTON, March 25 (Reuters) – Hedge fund Starboard Value LP on Friday lost a fight to replace four directors at Huntsman Corp (HUN.N) but shares of the U.S. specialty chemicals company tumbled in early trading as investors learned about the result. Starboard, which owns 8.8% of Huntsman, argued that the chemicals manufacturer needs a shake-up to improve its financial performance. The hedge fund also said the company’s board was captive to CEO Peter Huntsman, whose father founded the company in 1982.
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Hedge Funds Choosing ‘Fresh’ Stocks Over Obvious Winners Drove Thursday’s Rally, Jim Cramer Says (CNBC)
CNBC’s Jim Cramer said that Thursday’s rally was driven by hedge fund managers’ desire for fresh stocks over trusted winners and that investors should not overthink the currently seesawing market. “Traders wanted something new — not Archer-Daniels-Midland or Exxon, but AMD and Estee Lauder,” the “Mad Money” host said. “The hedge funds are in charge here, which is how you get today’s rotating bullishness. Please, never try to overthink what happens in some of these rallies,” he added.
Senior Quantitative Researcher/Portfolio Manager (eFinancialCareers)
WizardQuant is a quantitative hedge fund that was established in early 2014 by Wall Street veterans. The company focuses on the multi-strategy, and high-capacity quantitative investment, including stocks, ETF, futures and options. WizardQuant organically integrates technology and finance, focusing on the cutting-edge quantitative research. Relying on a remarkably keen insight of the professional team, a strong research platform, and a top-notch information technology infrastructure, the company captures the most transient market volatility and builds best models to extract innermost market rules to achieve long-term stable absolute return.
