WATCH: Billionaire Investor Ray Dalio Told Us Why US Economic Dominance is Facing Its Greatest Competition Yet — and How Investors should Navigate the Unprecedented Environment (Business Insider)
Billionaire investor and hedge fund manager Ray Dalio has been in the global macro space for over 40 years. Over this time, the Bridgewater Associates co-chief investment officer has studied history for surprising trends that continue to inform the political and economic happenings of today. And last year, he turned his study into a book called “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail.”
Bill Ackman, Animoca Brands Back Web3 Global Venture Fund (Bloomberg Quint)
(Bloomberg) — Billionaire Bill Ackman is among the early backers of a web3 venture fund focused on supporting the metaverse, gaming, social media and decentralized finance. Closing on $50 million in funding announced Monday, OP Ventures Fund I counted the hedge fund manager among its supporters which also included Solana co-founder Raj Gokal, Terra founder Do Kwon, Polygon co-founder Sandeep Nailwal, billionaire financier Alan Howard and Asian gaming giant Animoca Brands Corp.
‘Brutal’ Selling in Speculative Tech Stocks Knocks Tiger Cub Hedge Funds (News7Trends)
A number of hedge funds spawned by Julian Robertson’s funding agency Tiger Administration have sustained steep losses in latest months, after huge falls for US tech shares by which lots of them held stakes. A gaggle of so-called “Tiger Cubs” together with Chase Coleman’s $90bn-in-assets Tiger World, Philippe Laffont’s Coatue Administration and Glen Kacher’s Gentle Avenue Capital have backed an identical cohort of corporations together with Peloton Interactive, Zoom and Block, in line with evaluation by the Monetary Instances.
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Mariner Investment Appoints Sole CIO (Pensions&Investments)
Edward G. “EG” Fisher, a partner, will take over as sole CIO of hedge fund manager Mariner Investment Group, effective June 30. Mr. Fisher also is head of liquid-market strategies, a title that will be dropped after he takes over as CIO, a spokeswoman said in an email. Mr. Fisher currently serves as co-CIO alongside William J. Michaelcheck, a partner and the firm’s founder, who will remain at the firm in the new role of vice chairman, the spokeswoman confirmed.
Macro Funds Lead Broader Hedge Fund Recovery in February – HFR (Reuters)
ORLANDO, Fla., March 7 (Reuters) – A strong performance by macro funds helped hedge funds recover in February from a bruising start to the year, despite a surge in volatility following Russia’s invasion of Ukraine late in the month. The HFRI Macro (Total) Index rose 2.07% in February, led by a 2.6% increase in the Commodity Index. It was the best month for macro funds since May, lifted year-to-date macro fund returns to 2.88% and easily beat the 1.22% decline in the Barclays bond/credit index.
San Francisco Hedge Fund Manager Sells Waterfront Gulf Stream Estate for $33M (The Real Deal)
An entity tied to a San Francisco hedge fund manager sold a waterfront estate in Gulf Stream for $33 million. 3545 North Ocean Trust, managed by Palm Beach attorney Guy Rabideau, bought the 14,000-square-foot mansion at 3545 North Ocean Boulevard, according to records. The seller, Gulf Stream Ocean Properties FL, is managed by Gary Clinton Scheier.
2021 Rookie of the Year Candidates (Hedge Nordic)
Stockholm (HedgeNordic) – One of the categories celebrated at the Nordic Hedge Award is the most promising new launch among Nordic hedge funds. All qualified funds for the 2021 “Rookie of the Year” award were launched during the rolling 12-month period ending September of 2021.
Trailblazers and Allies: Celebrating Women in Hedge Funds (Preqin)
The alternative investment industry is home to many trailblazing women. At the Alternative Investment Management Association (AIMA), we wish to see more women and those from under-represented and under-served communities succeed in the industry. There is growing recognition that improving diversity, equity, and inclusion (DE&I) is the right thing to do. As well as an increasing regulatory focus on firms establishing healthy cultures and greater individual accountability, some investors are increasingly allocating to investment managers with teams led by women, and to funds focusing on improving gender diversity.
Hedge Funds Rush For Exit As ‘Volatility Of Everything’ Surges (FA-Mag.com)
As searing cross-asset turbulence threatens to end an epic bull run in equities, fast-money asset managers are reducing risk and getting out. “De-risking” is the buzzword du jour on Wall Street, where hedge funds and their ilk are cutting positions, selling stocks and covering shorts. So-called degrossing activity in U.S. single stocks has climbed to the highest in a year, according to prime-broker data from Goldman Sachs Group Inc.
Tuesday 3/8 Insider Buying Report: W, TRIP (Nasdaq.com)
On Thursday, Wayfair’s Director, Michael W. Choe, made a $1.22M purchase of W, buying 10,000 shares at a cost of $122.24 a piece. Choe was up about 7.4% on the purchase at the high point of today’s trading session, with W trading as high as $131.33 at last check today. Wayfair is trading up about 0.2% on the day Tuesday. Before this latest buy, Choe made one other purchase in the past twelve months, buying $2.59M shares for a cost of $258.98 a piece. And at Tripadvisor, there was insider buying on Friday, by Director Gregory B. Maffei who bought 50,000 shares at a cost of $22.38 each, for a total investment of $1.12M. This buy marks the first one filed by Maffei in the past year. Tripadvisor is trading up about 3.2% on the day Tuesday. Bargain hunters have the opportunity to bag TRIP at a price even lower than Maffei did, with the stock changing hands as low as $20.72 at last check today which is 7.4% under Maffei’s purchase price.
Insiders Sell More Than $400M Of 5 Stocks (Benzinga)
California Resources: The Trade: California Resources Corporation (CRC) 10% owner Ares Partners Holdco Llc disposed a total of around 93,800 shares at an average price of $42.79. The insider received around $4.01 million as a result of the transaction. Velodyne Lidar: The Trade: Velodyne Lidar, Inc. (VLDR) 10% owner David S Hall sold a total of 5,600,000 shares at an average price of $2.21. The insider received around $12.38 million from selling those shares.
