BlackRock launches stock ETF with 100% downside hedge – Yahoo Finance
(Reuters) – BlackRock Inc, the world’s largest asset manager, said on Monday it has launched a “buffer” exchange-traded fund aimed at offering a 100% downside hedge to risk-averse investors looking to invest in the stock market. So-called buffer or risk-managed ETFs maximize returns from investors’ assets while providing protection from downside risk over a specific […]
Appeals court rejects SEC fee rule in win for private equity, hedge fund industry
A U.S. appeals court has struck down a Securities and Exchange Commission rule aimed at giving investors more transparency into private funds, handing a victory to an industry with nearly $27 trillion in assets. In a 3-0 decision on Wednesday, the New Orleans-based U.S. 5th Circuit Court of Appeals ruled in favor of six private […]
Bill Ackman reportedly plans IPO for Pershing Square hedge fund
Billionaire hedge fund manager Bill Ackman plans to take his Pershing Square Capital Management firm public as soon as next year as his national profile grows. Ackman, who has become a vocal critic of anti-Semitism on college campuses following the Oct. 7 massacre by Hamas terrorists in Israel, sold his stake in the company ahead […]
A hedge on chip stocks if some of the profit-taking in Nvidia continues – CNBC
Semiconductors have been a big, profitable investment theme for investors in recent years, but it seems like a breather is imminent for this red-hot sector. With signs of profit taking in Nvidia (NVDA) this week for the first time since its post-earnings surge, it may be time to hedge against further declines in the semiconductor […]
Top hedge fund boosted GameStop, AMC stakes before ‘Roaring Kitty’ meme stock rally: filing
One of the world’s largest hedge funds bought a significant stake in GameStop just weeks before the stock price soared 400% in the latest “meme stock” rally, a regulatory filing revealed on Wednesday. This was revealed in the documents. Renaissance Technologies, a quantitative firm founded by legendary investor Jim Simmons, who passed away last week, […]
Jim Simons, billionaire hedge fund manager, philanthropist, dies at 86
Jim Simmons, a mathematics professor who became one of the most successful hedge fund managers in history, died Friday at the age of 86, according to his foundation. Simmons, a prolific philanthropist who donated more than $1 billion to Stony Brook University, died Friday in New York City, the Simmons Foundation announced on its website. […]
Izzy Englander’s hedge fund sued by rival who claims trade secrets were stolen
Millennium Management, one of the world’s largest hedge fund firms, was sued Friday by rival Jane Street Group for stealing valuable internal trading strategies after two traders defected. . Jane Street said traders Douglas Schadewald and Daniel Spottiswoode were “intimately” involved in developing the strategy until they left separately to join Millennium in February. The […]
Hedge fund billionaire says US debt ‘is a growing concern that cannot be overlooked’
Philip Swagel, director of the Congressional Budget Office, is analyzing where lawmakers stand to rein in the rise in debt. Founder and CEO of Citadel ken griffin He sounded the alarm about the growing U.S. national debt in his annual letter to investors in his hedge fund, published Monday. Griffin pointed to recent projections by […]
Bitcoin could soar to $150,000 this year, hedge fund manager Mark Yusko predicts – CNBC
Hedge fund manager Mark Yusko expects Bitcoin to more than double to $150,000 this year. “Start from scratch,” the CEO and chief investment officer of Morgan Creek Capital Management told CNBC’s “Fast Money” this week. Yusko believes investors should allocate at least 1% to 3% of their portfolio to Bitcoin. “Bitcoin is the king. It’s […]
Hedge Fund Co-Founder Who Lost $3.5 Billion In Client Cash Grins, Shows No Guilt Despite Going On The Run
The co-founder of a failed cryptocurrency hedge fund appeared to show no remorse in a podcast interview on Tuesday over losing at least $3.5 billion in investor cash. Three Arrows Capital (3AC) co-founder Kyle Davis is currently on the run after allegedly bankrupting his company and losing all of its investors’ money. according to to […]