Turkey Widens Clampdown to Hedge Fund Investors in Hard Currency

© Reuters. Turkey Widens Clampdown to Hedge Fund Investors in Hard Currency (Bloomberg) — Turkey will no longer allow investors to set up hedge funds that invest primarily in foreign-exchange assets and will start taxing existing ones, the latest measures designed to clamp down on local demand for hard currency. The Capital Markets Board said […]

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Connecticut hedge fund may back NYC taxi rescue plan

A secretive hedge fund that has become the biggest owner of New York City taxi medallion loans is showing signs that it may come to the table for an emergency deal to save the city’s cash-strapped cabbies, city officials say. Marblegate Asset Management — a Greenwich, Conn.-based fund that owns roughly 4,300 taxi medallions and […]

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Anthony Scaramucci moves $290M to three major hedge funds amid rough 2020

After a brutal start to 2020, hedge fund manager and ex-White House communications director Anthony Scaramucci is turning to the big boys for help. In a letter to investors obtained by The Post — to be released Monday night — Scaramucci has told investors of his $9 billion fund-of-funds, Skybridge Capital, that he’s allocating $290 […]

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Hedge funds, private equity firms barred from PPP loans

Hedge fund and private equity firms are not eligible for the types of US government loans designed to provide relief to small businesses from the economic hardship of the coronavirus outbreak, the Small Business Administration said on Friday. “Hedge funds and private equity firms are primarily engaged in investment or speculation, and such businesses are […]

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Investors yanked $33 billion from hedge funds during first quarter

Hedge funds just weathered what might be their worst month ever, with some of the industry’s biggest names getting hit the hardest. Panicked investors yanked roughly $33 billion from hedge funds during the first quarter as the coronavirus pandemic rocked the global economy. Data from Hedge Fund Research released late Wednesday shows that net outflows […]

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Hedgies look to capitalize on coronavirus pain à la Warren Buffett

Hedge fund billionaires like Nelson Peltz are looking to mimic Warren Buffett’s strategy of investing in distressed companies through preferred shares as the coronavirus wreaks havoc on the economy, The Post has learned. Large hedge funds like Peltz’s Trian Partners and Howard Marks’ Oaktree Capital Management have been scouring the globe for opportunities to plow […]

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Renaissance Technologies hedge fund takes 17 percent hit due to coronavirus

The hedge fund empire founded by billionaire Jim Simons has taken a bit of a beating as the coronavirus pandemic rattles stocks, The Post has learned. As of Friday, two funds run by Simons’ Renaissance Technologies hedge fund firm posted double-digit losses for the year, sources said. The Renaissance Institutional Equities Fund was down 17 […]

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Coronavirus makes hedge fund rich list outdated

Hedge fund managers made a killing in 2019, only to get put through the wringer when the coronavirus hit. Institutional Investor revealed its closely watched “rich list” of hedge fund titans this week based on 2019 returns. Topping the list were many of the usual suspects, including mathematician-turned-quant trader Jim Simons, who earned an estimated […]

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Fed Is Buying Credit ETFs But One Hedge Fund Is Shorting Them

© Reuters. Fed Is Buying Credit ETFs But One Hedge Fund Is Shorting Them (Bloomberg) — Adam Schwartz didn’t know a lethal virus more contagious than the flu would spark the biggest credit crash in a decade. But his hunch that exchange-traded funds would buckle in a major rout is getting some vindication in the […]

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Citadel’s flagship fund turns a profit

Citadel, the Chicago-based hedge fund giant led by billionaire Ken Griffin, has so far weathered the coronavirus market storm well, turning a slight profit in its flagship Wellington hedge fund for the year through Monday, according to a person familiar with the situation. The fund, which practices a so-called multi-strategy array of bets on stocks, […]

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Ray Dalio says US corporations may lose $4T in crisis, Trump stimulus needs to be doubled

Ray Dalio, the billionaire founder of hedge fund behemoth Bridgewater Associates, sounded the alarm Thursday over the coronavirus crisis and said U.S. corporations will lose up to $4 trillion and President Trump needs to dramatically increase his stimulus plan. NEWSOM ISSUES STAY AT HOME ORDER Dalio’s comments come a day after Bill Ackman, another billionaire […]

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‘Human Capital’ review: Even in movies, hedge funds are still boring

If you find hedge funds hard to wrap your head around, the movie “Human Capital” won’t do much to ease the confusion. “Nobody can explain what we do,”says the lawyer (Aasif Mandvi) for Quint Manning, a multimillionaire hedge-fund manager. Adds Quint (Peter Sarsgaard): “We move invisible money through invisible markets at invisible speeds.” Great, thanks. […]

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Hedge fund billionaire Dalio says corporate losses in U.S. from coronavirus to top $4 trillion: CNBC

(Reuters) – Ray Dalio, founder of hedge fund Bridgewater Associates LP, said on Thursday corporations in the United States will lose as much as $4 trillion due to the economic damage from coronavirus outbreak. “We’re in an economic downturn. What you’re seeing is the inability of central banks to stimulate monetary policy in a way […]

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Bridgewater hedge funds fall further on coronavirus market rout

By Lawrence Delevingne (Reuters) – Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted double-digit losses so far this year amid sharp market declines sparked by the coronavirus outbreak, according to a note sent to clients on Wednesday and seen by Reuters. Through March […]

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Bridgewater hedge funds post mixed results amid market turmoil

Bridgewater hedge funds post mixed results amid market turmoil By Lawrence Delevingne, Svea Herbst-Bayliss and Maiya Keidan NEW YORK/BOSTON/LONDON (Reuters) – Bridgewater Associates LP, the Ray Dalio-led hedge fund giant famous for making money during the 2008 financial crisis, has posted mixed returns amid the coronavirus-led market turmoil, according to an investor with direct knowledge […]

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