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By Summer Zhen and Xie Yu HONG KONG (Reuters) - Asia's hedge funds are heading for their worst showing in a dozen years, with long-short stockpickers ...
Archegos and the $10trn world of family offices As wealth becomes ever more concentrated, private fortunes are being managed in family offices. But people inside this rarefied world are realising the boom times of light oversight are behind them. The super-rich face challenges that the rest of us do not have to consider. Robin Wigglesworth, Laurence Fletcher and Katie Martin Apr 6, 2021 – 12.15pm Share The super-rich face challenges that the rest of us do not have to consider: yacht maintenance, selecting the right fleet of private jets, finding boarding schools for their offspring. Thank...
Hedge Fund and Insider Trading News: Steve Cohen, Elliott Management, BlueMountain Capital Management, Archegos Capital Management, Square Inc (SQ), Alimentation Couche-Tard Inc (ANCUF), and More With just hours to go before the first pitch of the 2021 season, Steve Cohen finally made the move that will define the early part of his tenure as New York Mets owner. Cohen, a hedge-fund manager who bought the team for $2.4 billion in November, agreed to give star shortstop Francisco Lindor a 10-year contract extension worth $341 million. The deal, which as of early Thursday morning hadn’t been a...
GameStop, other short squeezes expected to face regulatory scrutiny Sen. Elizabeth Warren, D-Mass. A U.S. legislator and some members of the hedge fund community are calling for regulatory scrutiny and intervention regarding last week's pummeling of short sellers by retail investors. Sen. Elizabeth Warren, D-Mass., a member of the Senate Committee on Banking, Housing and Urban Affairs, sent a letter to Allison Herren Lee, acting Securities and Exchange Commission chairwoman, requesting that Congress and the public are given information on how the SEC "intends to address these concerns and pr...
Reddit day traders miss the point of hedge funds Hedge funds have attracted the ire of day traders reading Reddit, but they do a lot more than simply short stocks 4 February 2021 • 3:00pm Hedge funds have become public enemy number one in the eyes of “meme traders” who have sent shockwaves through stock markets in the last week. Their crime? Short selling: borrowing shares and immediately selling them at the market price in the hope of buying them back at a lower price and pocketing the difference. An army of day traders took exception to this tactic, and helped pump up stocks such as ...