Ep. 160: Ken Tropin on How to Run a Successful Macro Hedge Fund (Macrohive.com)
Ken Tropin is a legend in the macro space. He is the Chairman and the founder of Graham Capital Management (GCM) – $18bn fund. Ken founded GCM in 1994 and over the last 28 years has grown the firm into an industry leading alternative investment manager focusing on global macro discretionary and quantitative hedge fund strategies. Prior to founding GCM, Ken had significant experience in the alternative investment industry, including five years (1989 to 1993) as President and Chief Executive Officer of John W. Henry & Company, Inc. and seven years (1982 to 1989) as Senior Vice President and Director of Managed Futures at Dean Witter Reynolds.
Market Environments Like Today’s Have Historically Been Great For David Einhorn’s Greenlight Capital – A Look At Its Top Three Holdings (Business Insider)
David Einhorn’s career on Wall Street has been an interesting one, and despite being one of the most-followed and well-known hedge fund managers in the United States, his Greenlight Capital is currently not managing a significant amount of money (relatively). Assets under management at Greenlight stood at a somewhat modest $1.44 billion as of the end of 2022. The beginning of Einhorn’s career could only be described as a meteoric rise, driven by heady returns in the early days of Greenlight.
Viking Global’s Top Five Stock Bets (Benzinga)
Viking Global Investors is an elite hedge fund run by former Tiger Cub Andreas Halvorsen. The Norwegian billionaire has a nearly unparalleled track record of success in the often fickle stock-picking game. Undoubtedly, much of this can be attributed to his tutelage under Julian Robertson at Tiger Management in the 1990s. Big money managers could do well just limiting themselves to the small, but influential, universe of funds that trace their roots back to Robertson and Tiger. As stated earlier, stocks are a fickle business. Trends, styles, strategies, and market dynamics shift like the weather and, as a result, only the sharpest and best-capitalized investment platforms tend to produce year in and year out. Viking is absolutely one of those firms.
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Hedge Fund Manager Nears Deal for Birmingham City FC Stake (Bloomberg)
Tom Wagner is co-founder of Knighthead Capital Management. He would join other US buyers targeting British football clubs. Hedge fund manager Tom Wagner is close to buying a stake in Birmingham City Football Club, according to people familiar with the matter. Wagner is a co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit. The New York-based firm declined to comment.
Engine Capital to Oppose Ee-election of Parkland Board (Hedge Week)
Activist hedge fund Engine Capital, which has been agitating for a shakeup at US convenience store and fuel station owner Parkland Corp, is to oppose the re-election of the company’s board members, according to a report by the Globe and Mail. The report cites a letter sent by the New York-based firm to Parkland on Thursday as revealing that it wants to see the company either broken up or privatised, having had its requests to meet with directors rebuffed.
