Edition:
United States

Svea Herbst-Bayliss

Feb 23 2017

Some hedge funds call time on stock market rally

LONDON/BOSTON Stock market optimism about U.S. President Donald Trump's economic agenda is overdone and political risk in Europe isn't priced in, according to some hedge funds who are betting that the rally in equities is coming to an end.

Feb 21 2017

Fannie, Freddie shares dive after U.S. appeals court ruling

Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts.

Feb 21 2017

Fannie, Freddie shares dive after U.S. appeals court ruling

Shares of Fannie Mae and Freddie Mac tumbled more than 30 percent on Tuesday after a U.S. appeals court shut down efforts by hedge funds and other investors to pursue numerous legal claims accusing the U.S. government of seizing their profits following taxpayer bailouts.

Feb 15 2017

Hedge fund Night Square to shut, founders move to Citadel

BOSTON Hedge fund Night Square Capital Partners, which traces its roots to legendary stock picker Julian Robertson, is shutting down and its founding partners are joining Citadel, one of the industry's biggest investors.

Feb 14 2017

Herbalife investor Stiritz cuts holding; Icahn lifts his: filing

BOSTON William Stiritz, one of the largest investors in Herbalife Ltd, cut his stake in the nutrition and weight loss company to 1.4 percent at the end of the fourth quarter from 5.2 percent a year ago, according to a regulatory filing on Tuesday.

Feb 14 2017

Massachusetts pension fund pulls money from hedge fund Brevan Howard

BOSTON The Massachusetts state pension fund, which invests roughly $5 billion in hedge funds, has pulled money out of Brevan Howard, one of the industry's most prominent firms, a spokesman for the pension fund confirmed on Tuesday.

Feb 14 2017

Sachem Head's Ferguson to exit Autodesk board, fund gains -letter

BOSTON, Feb 14 Hedge fund manager Scott Ferguson, who has been a director on the board of design software maker Autodesk for nearly year, plans to leave the board as soon as a new chief executive is selected.

Feb 08 2017

Baupost's Klarman warns Trump-related jitters stoking investor risk

BOSTON Billionaire money manager Seth Klarman, whose Baupost Group hedge fund ranks among the world's largest and closely watched, warned that U.S. President Donald Trump is creating considerable uncertainty that will translate into risk for investors.

Feb 07 2017

Non-U.S. funds top list of best performing hedge funds: Preqin data

BOSTON The United States has been home to the world's biggest hedge funds, but the industry's most consistent strong performers generally hail from other nations, according to data released on Tuesday.

Feb 06 2017

Hedge fund firms PAAMCO and KKR Prisma to merge

Hedge fund investment firms PAAMCO and KKR Prisma said on Monday they were merging, signaling more consolidation in the so-called funds of funds sector as assets continue to contract and clients demand more.

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