Hedge Funds

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In a statement released to CNBC, Cooperman says he is, “truly surprised at the destructive power the SEC has.”

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Billionaire Ray Dalio’s hedge fund, Bridgewater Associates, responded to a New York Times story that reported a culture of “fear and intimidation.”

China freezes U.S. fund

China’s push to stabilize its stock market puts a major U.S. hedge fund in the crosshairs.

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David Siegel, co-founder of Two Sigma.

Hungry for returns, investors are giving more new hedge funds a test drive. Funds based in the Americas that launched in 2014 pulled in $34.1 billion, the highest annual total since $39.5 billion was raised in 2004, according to new research from industry news and data provider Absolute Return. The money was spread out over 84 …

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Hedge fund billionaire Paul Tudor Jones said the growing gap between the rich and the rest could be “disastrous,” and that the drive for corporate profits has “ripped the humanity” from American companies. Speaking at a sold-out TED Talk in Canada this week, the co-chairman of Tudor Investment and a man Forbes says is worth …

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Activist investor Bill Ackman told CNBC on Friday he has not traded around his short position in Herbalife. “We’re not trying to make money on short-term moves in Herbalife stock,” he said in a “Squawk Box” interview, a day after The Wall Street Journal reported that federal prosecutors and the FBI are investigating potential stock …

David Grogan | CNBC
Carl Icahn

Hedge fund investing is expensive, but following what the big-name managers do is not. Such is the premise of “clone” funds, a small but growing sector of the market in which managers track what the best names in the hedge industry—think Leon Cooperman, Carl Icahn or David Tepper—are doing via the 13f disclosure forms they …

David Grogan | CNBC
Michael Novogratz

If hedge funds and Japan dated, it might be called an on-again, off-again relationship. Investors famously shorted Japanese government bonds, or JGBs, a few years ago but got burned; the bearish trade was dubbed the “widow-maker.” The next big play was a bullish one on local stocks rising and the yen falling, which made tons …

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A trader works on the floor of the New York Stock Exchange.

Hedge funds designed to protect against falling and volatile markets have made a strong pitch to investors: Trust us with your money, and we’ll make lots of it for you when years of relatively smooth, positive stock returns inevitably end. The beginning of the end—or at least a temporary market pullback, depending on whom you …

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The offices of the California Public Employees' Retirement System (Calpers) are shown in Sacramento, Calif.

Investors looking to follow the strategies of hedge fund heavyweights were the big winners when a major pension plan announced last week that it was cutting a $4 billion slate of high-cost managers, according to industry experts. The California Public Employees’ Retirement System is the largest public pension manager in the U.S., so its move …

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The California Public Employees' Retirement System building in Sacramento, Calif.

A high-profile hedge fund exodus from a huge pension manager does not appear likely to spark a major movement. Pensions, investment consultants and other money managers at an industry conference this week dismissed the idea that the California Public Employees’ Retirement System’s decision to cut a $4 billion slate of hedge funds would stall the …

Public pensions & hedge funds

Calpers, the country’s biggest public pension system, is getting rid of all its hedge fund investments. Will others follow?

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A hedge fund manager is the latest to embark on one of the most ancient of human quests: immortality. Joon Yun, president of $1 billion health care-focused Palo Alto Investors, announced a new prize last week that will award $1 million to researchers who can “hack the code of life and cure aging.” “The current …

Kerima Greene | CNBC
Bill Ackman

After sinking as Bill Ackman promised CNBC viewers he would deal a “death blow” to the company, Herbalife shares surged during his actual presentation. And that may have cost the head of Pershing Square Capital Management up to $70 million in paper losses on Herbalife options alone. Ackman’s position in Herbalife is often referred to as a short position, …

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Herbalife CFO John DeSimone lambasted hedge fund giant Bill Ackman on Tuesday, telling CNBC in an interview that “his bark is always worse than his bite.” DeSimone appeared on “Squawk on the Street” to rebut charges Ackman has made about the multi-level marketing company, saying that the hedge fund manager’s claims of fraud were “outrageous.” He staunchly defended Herbalife’s product and business …