DIRS.INFO top alerts submit data jurnalism about API
login
Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Flagship Fund"


22 mentions found


☆ Hedge funds in 2022 post worst performance since 2018, dragged down by equities -HFR data
  + stars: | 2023-01-09 | by ( Carolina Mandl | ) www.reuters.com   time to read: +2 min
Overall, hedge funds fell 4.25% last year, according to the HFRI 500 Fund Weighted Composite Index, which tracks many of the biggest global hedge fund performances. Equity hedge funds notched the worst performance in 2022 among the four main hedge funds categories tracked by HFR. Despite their massive losses, crypto hedge funds account for a tiny part of the industry's $3.8 trillion in assets. Macro hedge funds outperformed the industry, HFR showed. Macro hedge funds trade globally a broad range of assets, such as bonds, currencies, rates, stocks and commodities.
☆ Duck Creek Technologies surges more than 30% after reaching takeover deal with Vista
  + stars: | 2023-01-09 | by ( Jesse Pound | ) www.cnbc.com   time to read: +1 min
A person walks through the Wall Street subway station near the New York Stock Exchange (NYSE) in New York on May 27, 2022. Insurance tech company Duck Creek Technologies has reached a takeover deal with Vista Equity Partners, sending its stock soaring on Monday morning. Shares of Duck Creek surged more than 45% to hover just under the offer price in premarket trading. At its high watermark in February 2021, the Duck Creek closed above $59 per share. Duck Creek reported its fiscal first quarter results last week, showing revenue of $80.6 million and a net loss of $5.2 million.
☆ Cathie Wood buys more Tesla to start 2023 even as relentless sell-off drags down her flagship fund
  + stars: | 2023-01-04 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Ark Invest's Cathie Wood kept buying shares of Tesla on the first trading day of 2023 even as the brutal rout in her electric vehicle darling has put massive pressure on her flagship fund. Wood's flagship ARK Innovation ETF added 144,776 shares of Tesla on Tuesday, while snapping up 31,336 shares for ARK Autonomous Technology & Robotics ETF , according to Ark's daily trading data. Musk sold tens of billions of dollars of his Tesla shares last year, in part, to finance the buyout. Her conviction centered around the shift to electric vehicles. She previously said there will be almost 8 million electric vehicles sold around the world this year and that number will rise to 60 million in five years.
☆ Citadel, Other Big Hedge-Fund Winners in 2022 to Return Some Profits to Clients
  + stars: | 2022-12-21 | by ( Juliet Chung | ) www.wsj.com   time to read: 1 min
Kenneth Griffin, with arm raised, is the founder of Citadel, which expects to return about $7 billion in profits to its clients in January. Citadel expects to return about $7 billion in profits to its clients on the back of what is expected to be its most profitable year ever, said people familiar with the firm, highlighting the banner year some hedge funds have had even as others nurse deep wounds. Citadel’s flagship fund gained about 32% for the year through November, benefiting from bets across the firm’s strategies, the people said. The firm plans to return some profits from all four of its funds in early January but still expects to start 2023 with more than $50 billion in assets under management, one of the people said.
☆ Cathie Wood's ARK Invest scooped up $88 million in Tesla stock in the 4th quarter amid the famed money manager's dip-buying spree
  + stars: | 2022-12-21 | by ( Morgan Chittum | ) www.businessinsider.com   time to read: +3 min
Cathie Wood's ARK Invest purchased $88 million worth of Tesla shares in the fourth quarter. The famed money manager has been on a dip-buying spree, also scooping $11.2 million of Coinbase last week. The purchases are worth roughly $88 million based on Tesla's average trading levels from October 3 to December 20. Despite the pain, ARK Invest continues to pile into Tesla shares, and investors don't seem to be giving up on Wood's growth-focused strategy just yet. ARKK holds 5.9 million shares of the crypto exchange, valued around $207,903,853.82 on Wednesday.
☆ Investors won't see big returns on stocks 2023 if a Santa rally doesn't happen before the new year.
  + stars: | 2022-12-21 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +5 min
The S&P 500 is down about 19% on the year, and those losses could spill over into the new year if stocks don't see the usual holiday rally. But if the S&P 500 misses that final rally, that bodes poorly for rebound odds in 2023. The lack of a holiday rally so far suggests that more rocky markets await when the calendars change. Recall that while the S&P 500 tumbled 37% in 2008, it rebounded 26% in 2009. What's your stock market outlook for 2023?
☆ A top 1% performing fund manager explains why history proves the S&P 500 will fall another 30% in the next 3-to-9 months — and shares 11 compelling stocks to buy in 2023 that will power through a rece
  + stars: | 2022-12-21 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +6 min
He foresees the S&P 500 falling another 30% and bottoming within the next three to nine months. Abate shared 11 compelling stocks to buy to mitigate looming recessionary risks. But with the looming threat of a recession, Abate believes that the days of big contrarian trade ideas are now behind us. Especially "idiosyncratic stocks that have kind of already felt the pain of a downturn, so even if a recession happens, their backlogs can get them through recessionary conditions." Two biotechnology names Abate noted as standout idiosyncratic ideas are Biogen (BIIB) and Gilead (GILD).
☆ Tesla stock's historic decline drags ARK Invest's flagship fund to new 5-year lows
  + stars: | 2022-12-20 | by ( Matthew Fox | ) www.businessinsider.com   time to read: +3 min
Tesla's historic price decline has helped drag ARK Invest's flagship fund to five-year lows. The Ark Innovation ETF fell to its lowest level since August 2017 on Tuesday, while Tesla hit its lowest level since November 2020. Despite steep declines, Cathie Wood is buying more Tesla, and investors are buying more of the ARKK ETF. Tesla stock has wiped out nearly $800 billion in market value since the start of the year, according to data from YCharts. On Tuesday, Tesla stock fell another 5% to hit its lowest level since November 2020.
☆ Investors Are Losing Faith in Cathie Wood’s ARK Innovation
  + stars: | 2022-12-12 | by ( Jack Pitcher | ) www.wsj.com   time to read: 1 min
Cathie Wood continues to shrug off the critics and stand by her investments. Investors who bought the dip in Cathie Wood ‘s ARK Innovation exchange-traded fund have been punished this year. Some finally appear to be losing their conviction. Shares of the fund, a pandemic-era favorite largely made up of unprofitable, growth-oriented technology companies, are down 63% this year. While the S&P 500 index has rallied 10% since mid-October to cut its 2022 losses to 17%, Ms. Wood’s flagship fund is hovering near a five-year low.
☆ Ken Griffin’s hedge fund Citadel rises again in November, bringing 2022 gains to 32%
  + stars: | 2022-12-06 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Billionaire investor Ken Griffin's hedge fund climbed again last month, lifting its year-to-date gain to almost 32%, according to a person familiar with the returns. Citadel's multi-strategy flagship fund Wellington rallied 0.9% last month, bringing its 2022 performance to 31.8%, the person said. All five core strategies in the fund — commodities, fixed income and macro, equities, quant and credit — were positive year to date, the person said. Other than the flagship fund, Citadel's global fixed income fund, tactical trading fund and equities fund are all up by double digits this year, the person said. The wider stock market suffered a tumultuous meltdown this year with the S & P 500 falling into a bear market.
☆ Exclusive: Buyout firm EnCap eyes first oil and gas production fund in five years - sources
  + stars: | 2022-11-22 | by ( David French | ) www.reuters.com   time to read: +2 min
Houston-based EnCap has approached investors in its previous funds to gauge their interest in participating in the new launch, the four sources said. It would be EnCap's 12th flagship fund and it could be officially marketed to investors early in 2023, the sources added. Many private equity investors have fallen out of love with the oil and gas sector as easy-to-drill acreage is becoming scarcer and more expensive for private equity firms. EnCap has sought to attract ESG-minded investors through EnCap Energy Transition Fund II, its second fund dedicated to helping companies transition to clean energy for which it is currently seeking $2 billion, according to a separate source. EnCap is also raising its fifth fund for its pipeline infrastructure affiliate, EnCap Flatrock Midstream, seeking $3 billion.
☆ Cathie Wood is buying the dip in Coinbase, adding $53 million this month as the FTX collapse pressures the crypto industry
  + stars: | 2022-11-22 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
Cathie Wood's ARK Invest bought over 1.3 million shares of Coinbase this month, per Bloomberg. In total, Wood's Ark holds about 8.7 million shares of Coinbase, or about 4.7% of the company's total outstanding shares. Amid the plunge, Wood's ARK Invest has bought over 1.3 million shares this month alone, worth about $53 million, according to Bloomberg data. That brings the fund's total stake to about 8.4 million shares, or about 4.7% of Coinbase's total outstanding shares. The majority of ARK Coinbase holdings are part of its flagship fund, ARK Innovation ETF, making up its 13th largest position.
☆ Grayscale refuses to share proof of reserves due to 'security concerns' as shares trade at a 45% discount to bitcoin
  + stars: | 2022-11-21 | by ( Mackenzie Sigalos | ) www.cnbc.com   time to read: +3 min
Grayscale, the asset manager running the world's largest bitcoin fund, said in a statement that it won't share its proof of reserves with customers. Grayscale's flagship fund is the Grayscale Bitcoin Trust, known by its GBTC ticker. The firm pointed to a letter sent by Coinbase CFO Alesia Haas on Nov. 18, which breaks down an accounting of the tokens held at Coinbase Custody. In a tweet, the firm added that the "laws, regulations, and documents that define Grayscale's digital asset products prohibit the digital assets underlying the products from being lent, borrowed, or otherwise encumbered." Barry Silbert's Digital Currency Group is the parent company of Grayscale, Genesis, and CoinDesk.
☆ Wall Street titan Apollo has a new class of dealmakers. Here's how 3 rose to partner while in their 30s.
  + stars: | 2022-11-17 | by ( Casey Sullivan | Hayley Cuccinello | ) www.businessinsider.com   time to read: +23 min
He persevered through the brutal all-nighters, the perplexing spreadsheets, and the temperamental bosses who walked the halls of the midtown Manhattan investment firm. At Apollo, executives tend to grow up quickly. Some of their former colleagues have tried to make more money elsewhere, such as the hedge funds run by billionaire personalities that Apollo's executives quietly root against. Associates sometimes dealt with burnout from heavy workloads and demanding bosses by escaping for a walk through Central Park to let off steam, according to the former firm associates. We're Rayman Apollo!'"
☆ Meet the 11 execs leading Bridgewater into a new era after Ray Dalio relinquished control of the hedge fund
  + stars: | 2022-11-04 | by ( Alyson Velati | ) www.businessinsider.com   time to read: +14 min
Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Karen Karniol-Tambour, cochief investment officer for sustainabilityKaren Karniol-Tambour, Bridgewater's cochief investment officer for sustainability. Rebecca Patterson, chief investment strategistBridgewater's chief investment strategist, Rebecca Patterson. In 2012, she joined as the chief investment officer of Bessemer Trust, managing $85 billion in client assets. The partnership elected three directors to Bridgewater's operating board of directors, which now has control over Bridgewater after Dalio relinquished control of the hedge fund.
☆ A portfolio manager beating 99% of his peers this year breaks down why the market has another 15% to 20% of downside ahead — and shares the biggest mistake investors could make once the Fed begins to
  + stars: | 2022-10-17 | by ( Lisa Kailai Han | ) www.businessinsider.com   time to read: +7 min
Drawing from the dot-com crash, he believes the current bear market still has 15%-20% more downside. Abate also shared the biggest mistake investors could make once the Fed begins to ease once more. Today's bear market mirrors the dot-com crashPart of Abate's investment process involves drawing parallels between the current market and historical recessions. "I still think that we are in the midst of a bear market. Similarly, both bear markets were also kicked off by an "excessive period of poor allocation of investment capital," Abate said.
☆ Ken Griffin says Fed has not done enough, must continue on its path to reset inflation expectations
  + stars: | 2022-09-28 | by ( Yun Li | ) www.cnbc.com   time to read: +2 min
"We should continue on the path that we're on to ensure that we reanchor inflation expectations," Griffin said at CNBC's Delivering Alpha Investor Summit in New York City Wednesday. "So it's important that we don't let inflation expectations become unanchored." To tame inflation, the Fed is tightening monetary policy at its most aggressive pace since the 1980s. Griffin said he believes the Fed has a difficult job of taming inflation while not slowing down the economy too much. On the Bank of England's intervention in the bond market, Griffin said he's concerned about the ramifications of diminishing investor confidence.
☆ Cathie Wood says she's standing by her bullish bets on Tesla, Roku and bitcoin
  + stars: | 2022-09-27 | by ( Yun Li | ) www.cnbc.com   time to read: +1 min
Ark Invest's Cathie Wood said she's sticking by her bullish calls on Tesla , Roku and bitcoin . "We stand by all of them," Wood said when asked about her opinion on Tesla, Roku and bitcoin on CNBC's "Squawk Box" Tuesday. I think our last move on Tesla was a buy as you know we trade around it." Tesla is the biggest holding of Ark's flagship fund Innovation ARKK , accounting for more than 10% of the ETF. We think Tesla is in the driver's seat," Wood said.
☆ Odey's hedge fund soars 145% on bets against UK bonds - sources
  + stars: | 2022-09-22 | by ( Nell Mackenzie | ) www.reuters.com   time to read: +2 min
REUTERS/Henry NichollsLONDON, Sept 22 (Reuters) - Crispin Odey, one of Britain's best-known hedge fund managers, has made a killing this year by wagering against British government bonds, with his firm's main fund up 145% in 2022 after shorting long-dated UK debt, sources said on Thursday. The UK 10-year gilt yield hit 3.392% on Thursday, its highest since July 2011, after the Bank of England lifted rates and said it would soon start selling government bonds. His fund's largest notional exposure is betting against very long dated bonds, some as far out as 2071, the source said. He is known for a volatile performance, with his fund regularly posting double-digit annual gains or losses. His flagship fund experienced its worst-ever losses of almost 50 percent in 2016, a year that Odey has since described as awful.
☆ The Fed has to balance its latest rate hike with trying not to tank the economy. Here's what to know.
  + stars: | 2022-09-21 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +7 min
Today, I'm breaking down what to know about the Fed's third jumbo rate hike, and how markets could look in its aftermath. In this March 21, 2018, file photo, Federal Reserve Chairman Jerome Powell speaks following the Federal Open Market Committee meeting in Washington. A third, outsized rate hike is an unprecedented move by the Federal Reserve. For this meeting in particular, billionaire David Rubenstein warned that a 100-basis-point hike this week would shock and depress markets and investors. What's on deck for markets after a third consecutive large rate hike?
☆ This large cap fund is staying above water in this bear market by being the 'antithesis of ARK'
  + stars: | 2022-09-17 | by ( Sarah Min | ) www.cnbc.com   time to read: +5 min
James Abate expects that his fund distinguished itself this year by maintaining a traditional bottom-up perspective on stocks. The flagship fund of Cathie Wood's ARK Invest, the ARK Innovation ETF , is down 28% this year. The fund manager maintains a concentrated portfolio of 35 to 50 of his best ideas. The fund manager also incorporates hedging techniques, specifically put options, from time to time to fortress the portfolio during periods of volatility, such as during the pandemic. Before founding Centre Asset Management in 2006, Abate started his career as a manager of valuation services at PriceWaterhouseCoopers in 1987, according to LinkedIn.
☆ The best investing stories of May: Advice from top-tier money managers, tips from Wall Street royalty, and stock picks for a post-coronavirus world
  + stars: | 2020-06-02 | by ( Business Insider | ) www.businessinsider.com   time to read: +3 min
In an exclusive interview, the Gamco chairman shared the investing themes he's tracking, including what he's doing in media, healthcare, and utilities. David Dudding's mutual fund has consistently dominated peers, and it's one of the best global stock funds in 2020. He detailed for us the major themes in his portfolio, what he's done since the pandemic started, and his top picks for the future. Commentary/outlooks from top-tier investors and Wall Street firmsBusiness Insider surveyed 10 fund and portfolio managers on various aspects of their strategies in a post-pandemic world. The attractiveness of US assets relative to the rest of the world is brewing a bubble in the stock market, according to equity-derivatives strategists at Bank of America.
<< prev 3 next >>
Total: 22