While 2014 saw a near-record number of hedge funds close their doors, experts predict the industry’s extinction rate will be even higher this year. It will be especially tough for the small guys.
Is your money still funny? Make 2015 the year you ~really~ laugh all the way to the bank.
The money, on top of $65.5 million Wealthfront has already raised, gives it $100 million in cash. The war chest will be put to good use in a battle with some of America’s financial giants.
Why Betterment’s founder Jon Stein couldn’t be happier that Charles Schwab is competing with him.
Several sources familiar with the situation said the Asian counterpart of Anthony Scaramucci’s Skybridge Alternatives conference, dubbed “the Super Bowl of hedge fund conferences,” has been scrapped due to low interest and a scheduling snafu.
Both powerhouse investors made big bets on Verizon in the first quarter, but Loeb has since sold out of his position in the telecommunications company while Buffett has added nearly 4 million shares to his stake.
Eminence Capital disclosed Monday it had taken a 9.6% stake in World Wrestling Entertainment. Eminence last year waged a successful activist campaign to merge Men’s Wearhouse and JoS. A. Bank.
The giant bank points to the huge scope of its business as a defense against a pay discrimination suit. Goldman lawyers said there was no evidence of a company-wide policy that disadvantaged women in pay and promotion
Investor discontent for executive compensation packages has caught many corporate boards off guard, particularly since stock prices are generally up, experts say.
This is pretty dehumanizing.
The parent company of Olive Garden and Red Lobster missed analyst earnings estimates for the fourth quarter. Executives, who are facing shareholder opposition to the $2.1 billion sale of Red Lobster, called fiscal 2014 “a year of transformation.”
“Millennials” are remarkably conservative investors, if they invest at all, in part because of their lack of faith in financial advisers. But a new breed of software-based advisers like Wealthfront and Betterment is banking on them still trusting the market.
The Oracle of Omaha recently sent a letter to a San Francisco pension plan, advising the $20 billion fund not to invest in hedge funds. It’s the latest development in Buffett’s tenuous history with the hedge fund world.
The leading automated financial advisory startup has rocketed up from $700 million in assets in February to cross the billion-dollar mark less than four months later, as its young demographic has continued to invest using the algorithm-based technology.
Everything you need to know to understand the insider trading investigation involving Carl Icahn, Phil Mickelson, and Billy Walters over suspicious trades of Clorox.
A new report out today from Citi details findings that show hedge fund assets will swell to nearly $6 trillion in the next four years, doubling the size of the industry. At fees of 2% of assets and 20% of profits, members of the at-times controversial industry stand to make a lot of money.
The newly public AMC Entertainment was the favorite stock of hedge funds in the first quarter, and analysts say the company is on a tear, buoyed by projections of a better-than-expected summer blockbuster season.
Speaking at the SALT 2014 Conference in Las Vegas, Appaloosa Management’s David Tepper served up more than a few opinions, platitudes, and general lessons on life.
After announcing its growth had flatlined due to mounting competition in the organic grocery space, shares of Whole Foods stock plummeted more than 20% and dragged down its specialty grocery peers.
At least that’s the bet one hedge fund manager is making, shorting the home building sector on the belief that a “generational shift” is creating permanent renters.
Experts say that while activist investing campaigns can be great for shareholders, they often result in job losses, stagnating wages, and increased hours for employees. One such example can be seen in the impending integration of Jos. A. Bank into Men’s Wearhouse, a merger that resulted from a fiercely contested activist investing campaign.
Hedge fund managers are increasingly tweeting their research and their sharp-edged attacks betting that a company’s stock will fall instead of rise, in a medium that was made for stirring up trouble.
Make money money money, make money.
“If Russia starts firing bullets, this morning’s slide is nothing.”
Dan Loeb’s Third Point Partners is demanding Sotheby’s open up all three board seats the $14 billion hedge fund is seeking. At this point, Sotheby’s is only offering one seat for Loeb, and the stock has fallen more than $3 per share in just over 24 hours.
The leading mobile financial advisory service is going after a younger, more tech-savvy demographic with low fees and a fiercely independent corporate mission. But is the model sustainable?
An anonymous commenter on a hedge fund message board criticized hedge fund manager Whitney Tilson’s market-moving call on a company called MagicJack yesterday. He didn’t take it well.
Though it was a year of tepid returns for the average hedge fund, these three had absolutely mind-blowing performance in 2013, according to Morningstar data. 600%+ anyone?