Alternative Investments news
- Little known Valiant Capital Management is up 36% year-to-date.
- The fund's manager Chris Hansen started shorting vulnerable companies in early 2020.
- His fund made a profit in both 2008 and 2011.
Latest Alternative Investments news
Billionaire Kenneth Griffin led prominent hedge fund, Citadel, has succeeded in protecting itself against the Coronavirus driven market crash so far as evident in its Monday’s data that showed the American global financial institution’s flagship hedge fund, Wellington, to have made a slight profit in the year through Monday. The fund relies on a multi-strategy that includes bets on commodities, bonds, stocks, and a range of other securities. As o...
The current environment is certainly a difficult one for the world but the one silver lining is we can expect to see a lot of new innovation, according to ARK Invest founder and CEO Cathie Wood. Buy ‘trounced’ names ARK focuses on finding investment opportunities among companies that show disruptive innovation. The current environment encourages companies to innovate and those who succeed will see market share growth in whatever area they operate...
The stock market is in a state of complete turmoil and panic while on a social level, people haven’t shown any meaningful reaction to the coronavirus, Social Capital CEO Chamath Palihapitiya said on CNBC’s “Halftime Report” on Thursday. Should be the opposite A “little bit” of social panic could prove to be a good thing to help ease the spread of the coronavirus, Palihapitiya said. A reasonable amount of panic translates to heightened caution an...
Multiple activist investor hedge funds are upping their campaigns against oil giant Occidental Petroleum and video game retailer GameStop. Icahn quadruples-down against Occidental Notable billionaire activist investor Carl Icahn appears to have taken advantage of the recent dip in Occidental Petroleum (NYSE: OXY) and now owns nearly 10% of the company, according to The Wall Street Journal. This represents an increase of around four-fold from the...
The price of oil crashed Monday by nearly 25% to settle at $31.13 a barrel and this poses a problem for American oil companies, according to Again Capital founding partner John Kilduff. Below $50 A Barrel Again Capital is an alternative investment firm with a specialized focus on listed energy derivatives and core energy plays. On Monday the fund’s Kilduff was a guest on CNBC’s “Squawk Box” segment and said many American oil companies are “in tro...
Activist investor Paul Singer and his Elliott Management hedge fund reached an agreement with social media company Twitter. Elliott Owns 4% Of Twitter Singer and his hedge fund accumulated a 4% stake of Twitter and a proxy war to remove Jack Dorsey as CEO seemed to be imminent. But on Monday the two sides reached an agreement in which Twitter will immediately nominate two new board members and search for a third. The agreement also calls for Twi...
Private equity behemoth Sequoia Capital sent a letter to companies it invested in, noting they may want to “brace” for coronavirus-induced “turbulence” ahead. ‘The Black Swan Of 2020’ The coronavirus has now infected more than 100,000 people across the world and showing no sign of slowing down. This represents “the black swan of 2020” that could play out in one of several ways, according to the letter. While the number one priority is the health...
Billionaire hedge fund and stock picking veteran Steven Cohen is looking to jump into the private market through a new hybrid venture and private-equity fund, The Wall Street Journal reported. Unusual Fund Style Cohen is looking to raise $500 million to $900 million to start a new fund that will seek companies that are either: 1) early-stage tech companies who focus on artificial intelligence, or 2) operating companies that would benefit from AI...
Private equity giant KKR announced in mid-February the final closing of its KKR Global Impact Fund. The company will allocate $1.3 billion in companies whose “core business models provide commercial solutions to an environmental or social challenge.” On Thursday KKR’s Director of Sustainable Investing Elizabeth Seeger explained to Bloomberg how it expects to stand out in a fast-growing and already crowded environment. Hard to Avoid Impact Investi...
The case for divesting big oil companies in favor of green technologies met resistance after notable hedge fund ValueAct made the case for BP, noting the global oil giant can be “part of the solution,” according to CNBC. ValueAct is a San Francisco-based hedge fund with more than $15 billion in assets under management. One of the products in the fund is called the ValueAct Spring Fund which was formed in 2018. The purpose of the fund is to invest...
Some of the biggest money managers are hosting a get together next week with some of the biggest names in Corporate America and big shareholders. Absent from the invite list is Wall Street banks. Bankers Aren’t Wanted Money managers including Fidelity, Capital Group, T. Row Price, Wellington Management, and Norway’s government fund are hosting in Boston an event with CEOs of two dozen of the biggest companies and large shareholders, The Wall Str...
Hedge fund guru Ray Dalio wrote in a LinkedIn blog post on Tuesday his fundamental investing rules haven’t changed despite coronavirus concerns. Stay Disciplined Dalio, Co-Chief Investment Officer and Co-Chairman of the world’s largest hedge fund Bridgewater, explained his three most important principles of investing. These include: 1) don’t invest when there is no “big edge” to take advantage of, 2) don’t bet big on any one investment, and 3) it...
Social media company Twitter and its part-time CEO Jack Dorsey came under attack Monday by activist investor Elliot Management. The hedge fund’s leader Paul Singer is pushing for Dorsey’s ouster and by Tuesday he found some allies. Cramer: Dorsey Needs To Retire CNBC pundit and commentator Jim Cramer said during his daily “Mad Money” show that the best thing Dorsey can do for shareholders is step down from either Twitter or from the other company...
Saudi Arabia’s massive $300 billion sovereign-wealth fund has a new leader: American expat Jerry Todd, The Wall Street Journal reported. Who Is Todd? Saudi Arabia’s Public Investment Fund tapped Todd to manage all aspects of the kingdom’s overseas and domestic investments. Despite his Western roots, he has close ties to the country and was selected over other candidates with less regional experience, according to WSJ. Todd’s prior experience in S...
Leon Cooperman was the CEO and founder of Omega Advisors, a hedge fund which was converted into a family office. The 77-year old veteran of Wall Street is always counted on to give his expert opinion and always says what’s on his mind, especially controversial hot topics. On Sunday he was a guest on CNBC’s special edition “Coronavirus” and started off blasting financial media outlets. No Fairness In Reporting Cooperman started off the segme...
Activist hedge fund investor Elliott Management accumulated a notable stake in Twitter’s stock and one of its top priorities is to show CEO and founder Jack Dorsey the door, according to Bloomberg’s sources. Part-Time CEO Dorsey is known to split his time between serving as CEO of Twitter and CEO of Square, a fintech and payments company he also founded. Dorsey also announced last year he wants to spend up to six months a year traveling and worki...
Ben Dell is the founder and managing partner of Kimmeridge Energy Management, a private equity firm that focuses exclusively on the energy sector. When asked by Bloomberg’s Alix Steel how bad most of the energy sector has become amid falling oil prices, his answer can be summarized in one word: “uninvestable.” Lost Decade The energy sector has suffered from a “lost decade” as oil prices peaked north of $130 in the early 2010s and are now below $5...