Ackman says hedge fund up 27% year to date, dumped Berkshire

FILE PHOTO: William ‘Bill’ Ackman, CEO and Portfolio Manager of Pershing Square Capital Management, speaks during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan McDermid/File Photo BOSTON (Reuters) – William Ackman’s hedge fund is boasting double-digit gains at a time many portfolios have sunk along Continue Reading

Northern Trust shutting fund; an outlier or sign of future risk?

FILE PHOTO: An employee walks past a company logo at Northern Trust offices in London, Britain August 1, 2019. REUTERS/Toby Melville BOSTON (Reuters) – Northern Trust Corp’s decision to liquidate a $1.8-billion prime money market fund was seen as an outlier event by industry analysts on Wednesday, but one that Continue Reading

Fund managers fish for dividend plays amid sharp cuts

NEW YORK (Reuters) – Some dividend fund managers are wading back into the shares of battered railroad stocks, energy companies and other economically sensitive, cyclical names, even as a host of companies have slashed their payouts. Cyclical stocks were among the worst-hit S&P 500 sectors in March’s sell-off, with the Continue Reading

Scaramucci’s SkyBridge hit with heavy redemption requests as fund fell: letter

BOSTON (Reuters) – Investors in SkyBridge Capital asked for hundreds of millions of dollars back after the fund suffered a 23% loss in March when investments made by its debt-focused hedge fund managers soured, Anthony Scaramucci wrote in a letter to clients, saying he was “embarrassed” by the loss. FILE Continue Reading

Elliott hedge fund gains in March, up 2.2% for year: client update

FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake – D1BEUJAQKPAC/File Photo BOSTON (Reuters) – Paul Singer’s Elliott International Ltd hedge fund gained an estimated 0.1% in March and is now up 2.2% Continue Reading

Hedge fund Fir Tree puts $410 million dislocation fund to work

FILE PHOTO: The floor of the New York Stock Exchange. New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo BOSTON (Reuters) – After years of waiting and watching from afar, hedge fund Fir Tree Partners is spending $410 million from its dislocation funds on stocks, pockets of the credit market Continue Reading

Sovereign wealth fund appetite for investing in start-ups wanes

LONDON (Reuters) – Sovereign wealth fund investment in venture capital deals slipped to its lowest level in six years in 2019, with the drop-off deepening in the months after WeWork’s planned share sale failed, data showed on Friday. Sovereign wealth-backed venture capital rounds fell to $7.2 billion in 2019, a Continue Reading

Activist investor Robbins shutting hedge fund to pursue other things

FILE PHOTO: Clifton Robbins, founder and CEO, Blue Harbour Group, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., May 1, 2017. REUTERS/Mike Blake/File Photo NEW YORK (Reuters) – Activist investor Clifton S. Robbins told clients on Friday that he is shuttering his Blue Harbour Group not Continue Reading

Eight men in frame to run Norway wealth fund, including deputy CEO

OSLO (Reuters) – Eight candidates have applied to head Norway’s sovereign wealth fund, the country’s central bank said on Tuesday, as its board prepares to decide who should steer the global portfolio of assets worth $1.1 trillion through a time of transition. Norwegian wealth fund CEO Yngve Slyngstad speaks at Continue Reading

New York State pension fund puts 27 coal companies under review

BOSTON (Reuters) – New York state’s top pension fund official said it was reviewing whether to divest from 27 coal companies and could make decisions on $98 million in holdings within two months. The reviews by the third-largest U.S. state pension system, with $211 billion under management, could set the Continue Reading