Here’s What This $53 Billion Hedge Fund Company Has Been Buying (DailyFinance)
Every quarter, many money managers have to disclose what they’ve bought and sold, via “13F” filings. Their latest moves can shine a bright light on smart stock picks. Today let’s look at the D.E. Shaw & Co., founded by David E. Shaw and with a reportable stock portfolio totaled $53.2 billion in value as of June 30. Shaw is known as a math wizard, and a quantitative investing pioneer. His firm is reportedly extremely selective, hiring less than 1% of applicants — and Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos once made the cut.
Hedge Fund Manager Feeling Pithy In Face Of 28% Loss (DealBreaker)
Aristarchus performed well in 2011, with returns of 12.8%, and again in 2012, with 15.3%. But in the eight months to August 31, it has lost 27.7%, following declines of 8.4% in May, 14.2% in June, 4.3% in July and 6.8% in August, investors said. Cantab chief investment officer Ewan Kirk, former head of Goldman Sachs Strategies Group in Europe who set up the firm in 2006 with ex-Goldman technology chief Erich Schlaikjer, said: “I’ve had better summers….”
Marc Faber: Malaysia’s financial condition among the strongest today (TheStar)
Malaysia’s financial condition is one of the strongest in the world today due to the prudent management of its financial system, said investment guru Dr Marc Faber. “Unlike US banks, Malaysia’s are solid and they do not involve in derivatives or gamble,” he told a press conference after giving a presentation entitled “Investment Strategy Where’s the Money?” here today. Faber, the publisher of the widely-read Gloom, Boom & Doom report, said despite Fitch Ratings recent negative outlook on Malaysia, the country stood out relatively well compared to other emerging countries.
Hedge fund Mariner to seek out environmentally conscious bets (Reuters)
Hedge fund Mariner Investment Group, a $10 billion firm founded by William Michaelcheck, will look for companies that have sound environmental, social and governance policies as it searches for new investments. The firm said on Tuesday that it signed the United Nations-supported Principles for Responsible Investment and is now using environmental, social and governance (ESG) screening tools developed by MSCI to analyze fixed income and long/short investments at one of its portfolios.
Citadel, Millennium Among Multistrat Managers Posting Gains in August (InstitutionalInvestorsAlpha)
August may have been a rough month for trend followers and other computer-driven hedge fund managers, as well as for many long-only stock pickers. But it was pretty good for multistrategy managers, most of whom were able to make money even though the three major equity indexes all posted losses. Last month the Dow Jones Industrial Average fell 4.4 percent, the S&P 500 dropped 3.1 percent, and the Nasdaq Composite declined 1 percent. The average multistrategy hedge fund eked out a slight gain for the month, however, returning 0.06 percent, according to industry tracker eVestment. But it’s not time to celebrate just yet: For the year the average multistrat fund is up only 2.81 percent.
