Hedge Fund Highlights: Ray Dalio, Wilbur Ross & Renaissance Technologies

Page 1 of 2

Ray Dalio — founder of world’s largest hedge fund — talks ego, his philosophies at work (CBS News)
In 1975, Ray Dalio founded Bridgewater Associates in his New York apartment. Now, it’s the world’s largest hedge fund, managing $150 billion. He reportedly took home nearly $4 billion in a single year. Dalio also has a philosophical take on the world. Last fall, he released a video on YouTube, explaining how he thinks the economy works. He said of the video, “It’s in 30 minutes a description of how I believe the economic machine works, in other words I believe the economy works like a machine. I believe most things work like a machine. I’m a market participant. I’m a global macro economic investor. And so it’s from — I think, a very practical perspective.”

BRIDGEWATER ASSOCIATES

Talmer Bancorp prices IPO at between $12.50 to $14.50 per share (Reuters)
Talmer Bancorp Inc, backed by billionaire investor Wilbur Ross, priced its initial public offering of common shares at between $12.50 and $14.50 per share, valuing the company at up to $1 billion. The offering of 15.6 million shares would raise up to $226 million. Ross, who also serves on the board of Talmer, has a stake of more than 24 percent in the bank holding company through WL Ross & Co., Manulife Asset Management (US) LLC and David Einhorn‘s hedge fund Greenlight Capital Inc are the other notable shareholders with a stake of more than 5 percent each in the company.

Indiegogo: Become Your Own Hedgefund with the Behavior Oriented Trading Robot (h+ Magazine)
Have you heard about Renaissance Technologies? They, along with other similar companies hire scientists, physicists, mathematicians, as well as computer scientists to work with proprietary and specialized algorithms.These algorithms are used to determine when to enter and exit markets, how much to invest in specific instruments, and more. The success of sophisticated traders is based on the use of science and technology, but, so far, the only way to obtain those kinds of tools was to work for a hedge fund yourself or to invest your own money into hiring services from a company like Renaissance. These services are of course very expensive.

Legg Mason Posts Profit of $81.7 Million in Fiscal Third Quarter (Bloomberg)
Legg Mason Inc (NYSE:LM), the money manager that has struggled with more than five years of net redemptions, posted a fiscal third-quarter profit after a loss a year earlier, as assets and fees tied to performance rose. Net income was $81.7 million, or 67 cents a share, in the three months ended Dec. 31, compared with a loss of $453.9 million, or $3.45 a share, a year earlier, the Baltimore-based firm said today in a statement. Joseph A. Sullivan, who was named chief executive officer in February, has reorganized businesses to cut costs while vowing to stem withdrawals by focusing on Legg Mason’s product lineup and improving performance.

Hedge fund pair sail into the limelight (Irish Times)
Kinsale Capital Management, the Dublin hedge fund manager run by the low-key, high-powered former Merrill Lynch bankers Gearoid Doyle and Seán Ó’Flannagáin, is basking in a warm glow after collecting a prestigious gong. One of its funds, the Kinsale Compass Fund, has won the Global Equity Fund of the Year award at the EuroHedge awards. Its not exactly the Oscars, but for European hedge funds, it’s not far off it. The awards were doled out recently at a bash at London’s Grosvenor House hotel. Not too shabby.

Boosting defenses against activists (CNBC)

Page 1 of 2
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Top 10 Most Expensive Luxury Cars in the World – 2014

Killer Small Business Ideas

The 50 Best Personal Finance Blogs

Most Expensive Apartments in New York City

Bloodiest UFC Fights Ever Fought

Most Expensive Rum Brands in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!