Hedge funds place short bet on US economy over Trump tariffs

Hedge fund sold US stocks for five consecutive weeks last week, in anticipation of the economic recession by President Donald Trump's pledge, which imposed tariffs on major trading partners. The funds were released on Friday and sold in all geographicals, apart from the advanced Asian market in Goldman Sachs, which was seen by Reuters on […]

Bill Ackman backs fellow hedge fund billionaire Whitney Tilson for NYC mayor

Billionaire investor Bill Ackman is flexing his political muscle again, this time by publicly promoting former hedge fund manager Whitney Tilson's candidacy for New York mayor. That's because “we don't want New York City to become San Francisco or, God forbid, Los Angeles.” Tilson, who founded Kase Capital Management in 1999 and was one of […]

Hedge funds score double-digit returns as ‘Trump Trade’ helps cap strong year

Many of the world's biggest hedge funds posted comfortable double-digit returns in 2024, benefiting from turbulent markets, central bank policy changes and a close presidential election campaign. Big winners include Dan Loeb's New York-based Third Point, which returned 28.7%, and Mets owner Steve Cohen's Point72, which returned 19%, according to the paper. , including a […]

Trump to name hedge fund manager Scott Bessent to head Treasury Department

President-elect Donald Trump reportedly plans to nominate hedge fund manager Scott Bessent to head the Treasury Department. numerous sauce. Bessent, 62, founded the macro fund Key Square Group in 2015 and is openly gay. “I was totally rooting for President Trump. I was one of the few people on Wall Street who supported him.” President […]

Citadel founder Ken Griffin says he’s open to selling stake in hedge fund

Citadel founder Ken Griffin said Thursday that he is open to selling a small stake in the hedge fund at some point in the future. At an event hosted by the New York Economic Club, Griffin said a deal that would sell a minority stake in his market maker Citadel Securities to Sequoia and Paradigm […]

Hedge funds bet on Tesla, banks and other ‘Trump trades’ in Q3

Hedge funds piled up bets on financial stocks, Tesla stocks and prison operators in the third quarter ahead of rallies tied to Donald Trump's victory in the U.S. presidential election, according to filings. Many of the bets came to be known as the Trump trade, a corner of the market that sometimes hinged on the […]