TimesSquare Capital Management U.S. Concentrated Growth Strategy’s Q3 2022 Investor Letter (Insider Monkey)
TimesSquare Capital Management, an equity investment management company, released its “U.S. Concentrated Growth Strategy” third-quarter investor letter. A copy of the same can be downloaded here. In the third quarter, the strategy returned -0.72% (net), compared to a -3.37% return for the Russell 3000 Growth Index. The energy sector remained relatively strong in the quarter while Real Estate and Consumer Staples especially detracted from performance. In addition, please check the fund’s top five holdings to know its best picks in 2022.
Ex-Genesis, Galaxy Execs Said To Helm Hedge Fund Hunting Hill’s Crypto Play (Blockworks.co)
Longtime TradFi hedge fund operator Hunting Hill Global Capital is doubling down on cryptocurrency trading — which has not been common knowledge on The Street — according to three sources familiar with the matter. The New York firm is closing in on a number of key hires for just that, sources said: at least two former Genesis executives, plus at least one senior addition out of Galaxy Digital.
Opalesque Roundup: Quant Hedge Funds Notch Dream Returns in Nightmare Year: Hedge Fund News, Week 47 (Opalesque.com)
In the week ending December 23rd 2022, a report claimed that the math wizards of Wall Street are notching dream returns in this nightmare year for global markets. Famous quant firms like AQR Capital Management, Man Group and Aspect Capital are riding high as inflation-fueled turmoil trashes many of their human counterparts in the stock and bond world. Macro-driven volatility is fueling powerful one-way price trends, while creating new winners and losers as well as widening the performance gap between companies and assets – perfect conditions for this rules-based cohort.
Pixabay/Public Domain
Blackstone vs Blackrock: Better Buy After a Tough 2022 (Invezz)
Blackstone (NYSE: BX) and Blackrock (NYSE: BLK) stock prices had a difficult performance in 2022 as the two companies faced different challenges. Blackrock’s total return in 2022 was minus 20.92% while Blackstone’s was minus -40%. So, in this Blackstone vs Blackrock analysis, we will assess the better asset management firm to invest in.
SBF and Crypto Are Going Through Some Things (Bloomberg)
Even if you don’t know much about crypto, the flameout of FTX and the subsequent arrest of founder Sam Bankman-Fried, accused of orchestrating a years-long fraud that diverted billions in customer funds from FTX to Alameda, is juicy stuff. Last week, SBF was extradited to the US after spending time in jail in the Bahamas; two of his associates have pleaded guilty to fraud charges. In the long run, the FTX disaster promises to reshape the future of crypto. Unfortunately, investors aren’t going to find much comfort in the immediate aftermath, as Alexis Leondis writes. They, and other crypto advocates, will have to suffer through their own stages of grief.
