Jana Partners Deep-Sixes Two Funds in Favor of Activism
Firm will open a new fund to help holdover Strategic Investing fund focus on ESG.
Tag: Hedge Funds
Market Moves
Seth Klarman Outfoxes Wildfires with Canny Insurance Bet on Utility
Billionaire hedge fund operator offsets equity stake in woebegone PG&E with purchase of liability claims against it.
Risk
Bridgewater Wins Big in 2018 Despite Peer Struggles
Leader Ray Dalio attributes portfolio balance to flagship Pure Alpha fund’s 14.6% returns.
Risk
Balyasny Hedge Fund Clips One-Fifth of Staff
After $4 billion in losses and withdrawals, it reverses its ambitious hiring program.
Asset Allocation
Hedge Funds In, Equities Out at San Francisco Pension Plan
A major asset allocation reboot has reduced equities and increased the system’s absolute return or hedge fund allocations as well as put more money in private equity, real assets, and private credit strategies.
Risk
Hedge Funds Clip Facebook Shares in Q3
The space’s top dogs ditch the social media company’s stock during Zuck’s problematic year.
Newsmakers
San Francisco Makes $1.1 Billion in Commitments, Mostly to Hedge Funds
Private equity, real estate, and natural resources funds also represented.
Tourbillion Joins Highfields, Criterion Capital in Recent Hedge Fund Closures
Struggling firm’s founder said the fund had ‘recently not delivered’ expected results, and will return more than $1 billion by year-end.
Hedge Funds Criterion, Highfields Shutting Down
The two alternatives firms will close at year-end, unhappy with recent performances.
Institutional Investors Have High Hopes for Hedge Funds in 2019
Despite mediocre returns in 2018, most investors are optimistic about the next 12 months.
Texas ERS, PAAMCO Launchpad to Hold Fall Emerging Manager Hedge Fund Event
Summit will help institutions vet talent for the new seeding platform.
Union Urges Divestment from Immigrant Detention
Report names asset managers profiting from private prisons.
Lackluster Hedge Funds in Q1 Can’t Stop Industry Growth
CTAs, macro, and relative value strategies disappoint, but credit strategies gain the most.
Corporate Moves
Andrew Allright Named CEO of State Street’s Hedge Arm
Allright replaces InfraHedge’s co-founder Bruce Keith, who left in January.
US Remains Center of Hedge Fund Universe
Report finds US holds 72% of the global hedge fund assets.