Hedge Funds Betting on an Oil Price Rebound

The number of bullish bets on oil have increased as hedge funds see the supply of crude oil tightening. Days after China’s central bank said that there was no reason for further currency depreciation, the central bank lowered banks’ reserve requirement ratio. In an effort to protect the country from an economic slowdown, China’s central […]

Pershing Square: Mistakes and Lessons Learned in 2015

Dear Shareholder: 2015 is a year we will not forget. There was no financial crisis except perhaps in the energy, commodity, and currency markets.1 There were no major new wars except for the rise of ISIS and growing global terrorism. The global economy has shown signs of weakness, most notably in China, but U.S. core […]

Scott Bessent has ambitions to launch third-largest hedge fund of all time

Scott Bessent, who had been managing George Soros’ $30 billion fortune for the past four years, officially launched his own hedge fund this week with $2 billion in assets. Bessent’s Key Square Group, a global macro hedge fund, will be running $4.5 billion by the end of the first quarter, making it the third-largest hedge […]

Carl Icahn relies on energy stocks in 2016

The portfolio of Icahn has three major energy companies: CVR Energy (NYSE: CVI), Cheniere Energy (AMEX: LNG), and Chesapeake Energy (NYSE: CHK). Together they account for 17% of its assets. If you want to play wide energy market in 2016, this could be a possibility if you buy shares that are clearly supported by the […]

This hedge fund crushed the competition

A biotech-focused hedge fund has posted some astonishing performance numbers in what has been an underwhelming year for the average hedge fund. Perceptive Life Sciences Offshore Fund, a $1.14 billion hedge fund that makes investments in biotech and pharmaceutical companies, delivered a 27.87% return through December 11, according to data from HSBC. Perceptive ranked as […]

David Tepper is pissed of about TerraForm Power

David Tepper, founder of the hedge fund Appaloosa Management, has stepped up his public battle with TerraForm Power, a company that owns and manages solar-energy projects. Appaloosa, which owns 9.5% of TerraForm, sent the company a letter demanding to see all documents related to a deal announced in July in which TerraForm Power’s parent company, […]

Record cash withdrawals from US mutual funds

Investors pulled more money from US mutual funds last week than in any period of seven days during the last two and a half years. Net redemptions reached $ 28.6 billion in the week ended Dec. 16, according to a statement from the Investment Company Institute, a trade group. It was the biggest weekly outflow […]

Hedge funds bearish sentiment towards gold

Record pessimism hedge funds gold prices came just at the wrong time, just before the biggest rally of the precious metal in September. The net-bearish positions in gold futures and options reached 17.949 contracts for the week ended 01 December, according to data from the US Commodity Futures Trading Commission Additional pressure may be likely […]