Hedge Funds

Billionaire investor and former hedge fund manager Stanley Druckenmiller, a confidant of George Soros, is well known for his top-down investment style and for paying close attention to macroeconomic factors. One of his recent wagers seemingly predicted the 2024 U.S. presidential election ahead of...

Mark Spitznagel, co-founder of Universa Investments, believes the stock market is in a "Goldilocks phase" following the Federal Reserve's rate cuts and China's stimulus measures. After a crash last month, the market surged to new highs, but Spitznagel warns this euphoria won't last in an interview...

Whether the Federal Reserve will implement a 25-basis-point reduction or a 50-basis-point cut, is top of mind ahead of Wednesday’s meeting. But there’s an "even bigger question" to answer, Thomas Hayes of Great Hill Capital tells Benzinga. What will Japan's central bank decide at its...

Activist fund Elliott Management has made several moves in 2024 including targeting coffee chain Starbucks Corporation (NASDAQ:SBUX), which recently announced a new CEO. A new 13F filing reveals three other key areas Elliott is increasing focus on. Match Group: Online dating company Match Group Inc...

In 2022, Netflix Inc's (NASDAQ:NFLX) stock traded down more than 65% amid growth concerns and an overall sell-off in the tech industry. During that dip, billionaire investor Bill Ackman purchased more than $1 billion worth of shares through his hedge fund Pershing Square Capital while the stock...

BlackRock (NYSE:BLK) CEO Larry Fink has acknowledged Bitcoin as a legitimate financial instrument in an interview with CNBC’s Jim Cramer. What Happened: “I was a proud skeptic, and I studied it, learned about it, and I came away saying, okay, you know, my opinion [for] five years was...

Technology sector optimism has catapulted the SPDR S&P 500 ETF Trust (NYSE:SPY) to all-time highs in 2024 even amid tough macroeconomic conditions and geopolitical uncertainty. Despite the rally, there are mixed signals on Wall Street. The Data: A post on X relayed data from Goldman Sachs....

New York Mets owner Steve Cohen‘s new stake in Sphere Entertainment Co (NYSE:SPHR) could signal a future bet on more sports-related events at the ball-shaped venue. What Happened: Cohen's Point72 Asset Management hedge fund recently disclosed a 5.5% stake in Sphere Entertainment with 1.56...

Steve Cohen's Point72 Asset Management is set to launch a new hedge fund with a focus on artificial intelligence, aiming to raise approximately $1 billion. The fund will concentrate on both investing in and betting against AI hardware and semiconductor companies globally, such as Nvidia, Broadcom...

In a recent report, Goldman Sachs revealed that hedge funds focusing on mergers and acquisitions have outperformed their peers in the first five months of 2024. What Happened: M&A-focused hedge funds have seen a 7.7% return in the first five months of 2024. This is a significant turnaround from...

A BlackRock Inc. executive has suggested that financial advisors are proceeding cautiously with Bitcoin (CRYPTO: BTC) exchange-traded funds after the Securities and Exchange Commission (SEC) approved them in January. What Happened: Samara Cohen, BlackRock’s chief investment officer of ETF and...

Elon Musk, the CEO of Tesla Inc. (NASDAQ:TSLA), recently expressed his dissatisfaction with the Securities and Exchange Commission (SEC) on Lex Fridman‘s podcast. What Happened: On Tuesday, Musk took to X to agree with a post by @MuskBreaking that highlighted a snippet of his criticism of the...

The biggest squeeze in the cocoa market in more than a decade has pushed prices of the commodity to record highs in recent sessions as hedge funds have piled into cocoa futures since the start of the year. This has been great news for the speculative investors and funds at the heart of this trade,...

On April 3, Walt Disney Company (NYSE:DIS) shareholders will vote for their board selections in the culmination of one of the most bitter, expensive shareholder fights in history. Slugging it out against the media giant are two activist hedge funds who are making separate bids to have their...

More than $100 billion was withdrawn from hedge funds in 2023, following similar outflows in 2022 as investors tired of strategies that have been underperforming the market for several years. What Happened: Data, provided by Nasdaq eVestment showed that among the worst-performing strategies was the...