Hedge Funds

A tax loophole in which hedge-fund managers avoid paying taxes on performance fees packed offshore will cease to exist on December 31, 2017. According to Bloomberg, a proposed change to the tax loophole that hedge fund managers have been taking advantage of for years was actually proposed eight...

Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) recently bought a $1 billion-plus stake in Apple Inc. (NASDAQ: AAPL). However, the purchase comes at a time when other funds are running for the hills and dumping Apple's stock. Carl Icahn is the most notable investor...

2016 is proving to be a tough year for hedge funds – even by their own admission. As reported by Bloomberg, Doug Dillard, a hedge fund manager at Standard Pacific Capital, closed shop in February when his fund's assets under management dipped below $500 million; the fund failed to keep pace...

Steven Cohen, the billionaire investor and hedge fund manager, has somewhat discouraging words for finance professionals looking to find a high paying job at a hedge fund. Cohen, speaking at the Milken Institute Global Conference on Monday said that he is "blown away by the lack of talent" of...

Billionaire activist investor Bill Ackman has lost billions of dollars through his fund's large stake in Valeant Pharmaceuticals Intl Inc (NYSE: VRX) following the stock's nearly 85 percent collapse over the past year. Ackman also holds a seat at Valeant's board of directors and testified in front...

In a new report, JPMorgan analyst Marko Kolanovic weighed in on the current environment for equities, gold and oil, and discussed the options that central banks have moving forward. Kolanovic sees sentiment deterioration and fundamental selling from hedge funds, pensions, wealth funds and...

Steve Mandel's Lone Pine Capital told investors in a letter dated October 14 that the fund had a "tough third quarter." Mandel did however state that recent "sharp" declines in the equity market have created the "potential for outsized appreciation." The fund's objective remains "to invest in...

Leon Cooperman's Omega Advisors hedge fund published a letter detailing the fund structure and objectives. The fund's top holding is Alphabet Inc (NASDAQ: GOOGL) (NASDAQ: GOOG) and represents 4 percent of total assets. Cooperman noted that he expects U.S. equities to deliver a 6 to 8 percent total...

David Einhorn's hedge fund Greenlight Capital released a letter to its investors on Wednesday. The fund returned (14.3) percent, net of fees and expenses, in the third quarter, bringing its year-to-date return to (17.1) percent. The fund added two "medium-sized new long ideas": Michael Kors...

Shares of General Electric Company (NYSE: GE) spiked higher by more than 4 percent Monday morning. Nelson Peltz's Trian Partners disclosed a $2.5 billion stake in General Electric. The investment firm noted that GE is "executing a bold transformation" that will generate "attractive" returns for...

In July, ETFGI, a London-based ETF research firm, confirmed that total assets under management at the world's exchange-traded products, including ETFs and exchange traded notes (ETNs), eclipsed the assets held by hedge funds. “According to our analysis there was US$2.971 trillion...

Dan Loeb of Third Point released his second-quarter investor letter last week and discussed several key equity positions in his portfolio. Allergan: Clear Strategic Vision According to Loeb, Allergan PLC (NYSE: AGN)'s management team is "one with a clear strategic vision, a...

CNBC/Institutional Investor's Fifth Annual "Delivering Alpha" conference is set to kick off on Wednesday at the iconic Pierre hotel in New York City. The conference features the "whose who" of the investment, banking, political, economic and hedge fund community. This Year's Notable Speakers:...