(Bloomberg) — Melvin Capital Management, after raising almost $6 billion last year, just booked another January of steep losses. Gabe Plotkin’s hedge fund tumbled 15% last month, according to a person familiar with the matter, compared with a 9% drop for the tech-heavy Nasdaq Composite Index and 5.3% decline for the S&P 500. The first […]
Read More(Bloomberg) — The most successful idea in hedge funds is now simply strength in numbers. Investors are plowing money into funds that don’t rely on the next macro genius or star stockpicker, but instead offer an army of traders who invest in an array of strategies. These behemoths secured pretty much all of the new […]
Read More(Bloomberg) — Stock pickers just blew the stock rotation they’ve spent years longing for. Long underweight the booming tech megacaps in recent years, professional speculators failed to ride the January revival in value shares, as they struggled to cut fast enough exposures to growth firms that have been killed in the bond selloff. This January […]
Read More(Bloomberg) — What was once the second biggest exchange-traded fund investing in sustainable emerging-market companies just became a shadow of its former shelf. In the two days leading up to Christmas Eve, the iShares ESG MSCI EM Leaders ETF (LDEM) lost 91% of its investments, leaving its total assets depleted at about $69 million, compared […]
Read More(Bloomberg) — Losses are picking up in very-high-priced technology stocks that had recently grown in popularity among hedge funds. Farfetch Ltd. and Snowflake Inc. fell, driving a basket of software and internet companies that have yet to earn any money down more than 5%, its biggest decline since March, data compiled by Goldman Sachs Group […]
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