Take activist hedge funds, which buy up a percentage of a company's stock (or an asset) and then use their weight to push for operational changes.
Or there would be a fun, splashy war between the hedge fund and the C-suite.
Hedge funds rely on outperforming the market when times are hard and it's easier to find pockets of outperformance and exploit them.
Of course, hedge funds are having a hard time coming up with a crew because the clients have changed too.
Advertisement"At the end of the 1960s, the bubble burst, and everyone thought, 'That's the end of hedge funds,'" Mallaby said.
Persons:
David Tepper, Anthony Scaramucci, Lenny Kravitz, lanyards, Bobby Jain, Goldman Sachs, Denise Shull, Charles Lemonides, ValueWorks, Saba Capital's Boaz Weinstein, BlackRock, Nelson Peltz, Bob Iger, Paul Singer's Elliott, —, Elliott, Meir Statman, Statman, I'm, That's, Paris, Marc Jacobs, they've, they're, Sebastian Mallaby, Julian Robertson, Julian, Mallaby, Lemonides, wonky quants, Keith Gill, David Einhorn, Andrew Left, bro
Organizations:
Appaloosa Management, Carolina Panthers, Bellagio, Millennium Management, Credit Suisse, Jain, Disney, Paul Singer's Elliott Management, Santa Clara University, Behavioral Finance, New, Tiger Management, Met, rockstar, Ferrari, Greenlight, Harvard, Princeton grad, Research
Locations:
Vegas , New York City, Singapore, Argentine