3M Co, a diverse maker of adhesives, abrasives and various other products in the U.S., posted an increase of 5.85 in its quarterly profits that exceeded most estimates. This rise is driven by a jump of sales in the U.S., cost control and strong pricing. The 3M Co shares in Dow Jones Industrial Average went […]
Looks like Tepper’s is back to his cautious self
After a period of optimism in which he almost burnt his finger, $20 billion hedge-fund company Appaloosa Management manager, David Tepper has once again returned to his cautious self. At an investor’s conference sponsored by Robin Hood Charitable Organization on Tuesday morning Tepper gave a bearish outlook for the market. Most money managers like BlackRock’s […]
Amgen CEO Denies splitting up
Investor and activist Dan Loeb turned all attention on Amgen when his firm, Third Point invested in the biotechnology company and suggested that the drug maker split. That was a week ago and Third Point said in its Oct. 21 investor letter- “It is well‐established that disparate business units generally benefit from operating separately due […]
Billionaire Einhorn’s Greenlight Capital envisages to raise money for the first time in 2 years
For the first time in Two years Billionaire Einhorn’s Greenlight Capital plans to raise money. This was stated by Greenlight Capital president David Einhorn during an interview in New York. According to a statement which has been confirmed by CNBC, Billionaire David Einhorn’s hedge fund Greenlight Capital plans to raise money for the first time […]
Milwaukee Bucks to add a third hedge fund owner
Billionaire investor and the founder of the York Capital Management, Jamie Dinan has joined fellow hedge fund managers Marc Lasry of Avenue Capital and Wes Edens of Fortress Investment Group as a major owner of NBA’s Milwaukee Bucks. Dinan was already an owner in July but it was disclosed in a news release on Thursday […]
Fed cautious about rate hike, the right move: Ray Dalio
Ray Dalio is the head of one of the biggest hedge funds in the world cautioned the Federal Reserve not to rush to hike interest rates but to wait for the signs of inflation. Dalio’s firm manages $163 billion overall, including nonhedge fund money. He said, “If I were running monetary policy, I’d wait to […]
Ex-Chesapeake boss McClendon into the hedge fund game
Once again Aubrey McClendon is into the hedge fund game and this time he is more forthright in his approach. McClendon if you don’t remember is the ousted founder of Chesapeake Energy. He had led a group of Oklahoma City-area investors to invest in a small fund Caption Partners run by two young managers. Reuters […]
It has been a very bad year for Hedge funds
It has been a very bad year for Hedge funds, the worst since 2011. Several big and popular trades have gone wrong and managers have been forced to cut their losses. Numerous funds had been anticipating a hike in interest rates and improved macro-economy. Instead what they got was a new and sudden fall in […]
Steve Cohen is still making money.
Point 72 Asset Management, the personal investing shop of the former hedge fund manager, Steve Cohen has made a cool profit to the tune of $1.8 billion so far this year. The exact amount is not clear but it certainly is much more than the average hedge fund. Point 72 looks after $9 billion to […]
