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Millennium Management’s Bobby Jain is “stepping back” from his role as co-chief investment officer in one of the biggest overhauls at the top of the $59 billion hedge fund firm.
Hedge Fund and Insider Trading News: Ray Dalio, Dan Loeb, Alden Global Capital, Sculptor Capital Management, Tybourne Capital Management, Allied Properties Real Estate Investment Trust (APYRF), Greenbrier Companies Inc (GBX), and More Billionaire hedge fund founder Ray Dalio on Wednesday opened up about his son’s death, just weeks after the deadly Connecticut car crash that “tore” up his family. In December, Ray Dalio’s son, Devon, was killed when the Audi he was driving crashed into a Verizon store at a shopping center in Greenwich and burst into flames. He suffered from smoke inhala...
Hedge Fund and Insider Trading News: Greenlight Capital, Bridgewater Associates, Morgan Creek Capital Management, Starboard Value LP, Arena Pharmaceuticals, Inc (ARNA), BlackBerry Ltd (BB), and More BOSTON (Reuters) – Greenlight Capital ended 2020 with a 5.2% gain thanks to a dramatic fourth quarter comeback when bets on a homebuilder, jet leasing company and home security services company turned into a 25% return, the firm said in a letter to investors on Thursday. The hedge fund, run by David Einhorn, lagged far behind the broader S&P 500 index’s 18.4% gain but celebrated its late year...