Hedge funds

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.

Executives say the race to zero in fund fees and improvements in data and analytics are among the top issues impacting asset management.

Activist investors have taken large stakes in at least 100 of the products so far this year.

Even experienced managers are closing shop amid mounting costs, a tough capital raising environment and investors’ reluctance to pay high fees.

The hedge fund he founded, Appaloosa Management, has returned 25% a year since inception in 1993.

Although the firm sees risk parity as a way to compliment holdings of its biggest customers, critics see a volatile fund that has underperformed.

After his record $2.3 billion purchase of the Carolina Panthers, some clients became concerned the demands of owning an NFL team might be too distracting.

More money has been pulled from hedge funds than added over the past four quarters, while ETFs reeled in $312 billion last year.

These 10 leaders have a lot to say about how women have advanced in the industry over the years.

The allegation was laid out in an SEC order, which hit a U.S. unit of the firm with a $500,000 penalty.

One theory for underperformance has been the long steady gains in markets since the financial crisis.