Hedge funds

Investors are pulling money at an accelerated pace as high fees and mediocre returns send them searching for yield elsewhere.

Competition with an ever-rising stock market, the difficulty of raising assets and the steady march of time are just a few factors leading managers to the exit.

As the hedge fund manager nears a deal with the MLB team, he says his role as head of Point72 Asset Management will not change.

Financed by their personal savings, the team behind the machine-learning fund have harnessed their engineering acumen to invest in developed markets.

The move comes amid years of mediocre returns posted by hedge funds, prompting investors to pull money and demand lower fees.

The NHL team owner and famed asset manager’s challenges illustrates how the appetite for hedge funds has changed since he first got into the business.

Broadly, hedge funds lost about 0.1% last month, paring gains for the year to about 6.2%, data show.

Funds of funds, pensions, consultants, family offices and endowments have pulled $16.4 billion from generalist long-short equity funds this year.

Asset managers and traders who stand to gain bought credit default swaps in the 178-year-old company.

The fund has returned 54.5% on its investments this year through August, fueling a 48% gain for shares of Pershing Square Holdings.

The fund’s losses stem from bearish wagers on global interest rates, according to a person familiar with the matter.

The only remaining founder of GSO Capital has left to build a family office and find new opportunities to spend the wealth he’s amassed over 35 years.

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

If approved, the fund would be the first in the U.S. to follow a quantitative approach that allocates across asset classes based on risk.

If approved, the actively managed product will hold anywhere from 60 to 100 equities across sectors and will have no position holding over 5%.

The revamped fund from BP Capital will now track an index of companies that derive “significant revenue” from sustainable energy.

Of the 468 hedge funds that used Goldman Sachs’ prime brokerage services in the past decade, half have shuttered.

Opening the door to retail money comes with risks, including the danger of exposing financial neophytes with relatively limited savings to complex investments.

A Financial Action Task Force note on digital asset oversight is “one of the biggest threats to crypto today,” a research executive said.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.