Hedge Fund News: Ray Dalio, Andrew Hall & Highland Capital Management

Page 1 of 2

Happy Birthday To Greenwich’s Ray Dalio (DailyVoice)
Dalio, who has owned a home in Greenwich, turns 65 on Friday. The businessman was born Aug. 1, 1949, in Jackson Heights, Queens, N.Y. He began investing at age 12 when he bought shares of Northeast Airlines for $300 and tripled his investment after the airline merged with another company. …In 1975, he founded the Westport-based investment management firm of Bridgewater Associates. In 2012, it became the largest hedge fund in the world, as it is today with about $154 billion in assets under management as of February 2014.

BRIDGEWATER ASSOCIATES

Man Group Drops on Inflows, CEO ‘Cautious’ on Second Half (BusinessWeek)
Man Group Plc (EMG), the world’s largest publicly traded hedge-fund manager, dropped in London after inflows slowed and the company said it was guarded on performance after 7 percent growth in assets under management. The shares fell as much as 6.6 percent to 111.2 pence, the biggest decline in five weeks, after rallying 13 percent in July. They dropped 5.2 percent to 112.8 pence at 11:06 a.m., valuing the company at 1.98 billion pounds ($3.4 billion).

Tom Steyer’s NextGen PAC starts anti-Rick Scott campaign with $750K boost (SaintPetersBlog)
Billionaire liberal environmentalist Tom Steyer has his sights set on Republican Gov. Rick Scott. Steyer’s San Francisco-based NextGen Climate Action Committee is mounting an on-the-ground campaign to aid Democrats and attack Republicans in key Senate and gubernatorial races, part of a $100 million effort to put climate change in the forefront in the November midterms. Scott is on the NextGen website as one of seven targeted GOP candidates.

Oil bull Hall’s fund up 20 percent at half-year, outpacing rivals (Reuters)
Famed oil trader Andy Hall‘s more than $3 billion hedge fund was up nearly 20 percent at the half-year mark, sharply outpacing its rivals in one of the best performances of its seven-year history, data obtained by Reuters showed on Thursday. The feat came as Occidental Petroleum Corporation (NYSE:OXY), which owns 20 percent of Hall’s Westport, Connecticut-based hedge fund Astenbeck Capital Management and trading firm Phibro, reported a strong second quarter on Thursday, citing “improved marketing and trading” activity.

Hedge fund Aurelius denies any serious proposition to buy its holdout bonds (MercoPress)
Failure to reach an agreement between the holdouts, led by Aurelius and hedge fund Elliott Management Corp, and the Argentine government to settle a dispute before the midnight Wednesday deadline put Argentina into default for the second time in 12 years on its foreign law bonds. Bonds governed by local law are unaffected. …“Aurelius has received no such proposal that we considered worthy of serious consideration. We do not undertake to comment further on this topic,” the firm said.

2014 “a watershed” for hedge funds amid rising pessimism (AsianInvestor)
Fund managers and institutional investors have turned pessimistic on the hedge fund outlook, forecasting returns for 2014 will average out at half those of 2013. The majority of respondents to a survey by alternative asset research firm Preqin believe the 2014 All Hedge Funds benchmark will fall between 4-6%, against the 11.69% return for 2013. In the first half of 2014 the industry has underperformed the previous two years. As of June 30, the All Hedge Fund benchmark has posted net returns of 3.68%, of which the majority (2.33%) was recorded in the second quarter.

Argentina not plaguing US market: Strategist (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

The 9 Most Expensive Designer Shoes in the World

The 10 Most Expensive Cigarette Brands

The 10 Most Expensive Law Schools in the US

The 10 Best Wall Street Movies

The 10 Most Expensive Golf Clubs Ever Sold

The 10 Most Expensive Golf Memberships

The 10 Best Disney Characters Ever Created

The 8 Best Foods for Gaining Weight

The 10 Most Expensive Colleges in the World

The 7 Most Memorable Ad Campaigns of All Time

The 7 Most Expensive High Schools in the World

The 10 Electric Vehicles with the Longest Range

The 10 Cities with the Worst Drivers in the World

The 10 Most Expensive Dresses Ever Created

10 Islands to Visit Before You Die

10 Famous Celebrities Who Needed Rehab

The 15 Countries with the Largest Oil Reserves

The 10 Most Overused Excuses in the World

The 5 Best iOS Apps You Can’t Get on Android

5 Companies Damaged By Social Media Blunders

The 10 Most Legendary Blues Songs

The 10 Most Lawless Places in the World

4 Reasons China is a Threat to the US

The 17 Most Sugary Drinks in the World

The 10 Most Ruthless Rulers in History

The 10 Greatest Generals in History

Top 8 Travel Destinations for 2015

The 10 Safest Dog Breeds for Children

The 10 Most Stolen Vehicles in the US

The 7 Most Expensive Celebrity Weddings

The 10 Best LoL Teams in the World

Top 10 Worst Marketing Campaigns Ever Produced

Top 5 Diets that Help You Lose Weight

The 10 Best Ways to Stay Awake

7 Artists That Switched Musical Genres

The 10 Most Expensive Cities to Live in New Jersey

The 10 Best High Schools in New York

The 10 Countries With the Least Gender Inequality

The 6 Biggest Musician-Manager Feuds

The 10 Countries with the Cheapest Gas Prices

The 7 Most Theatrical Bands of All Time

The 8 Worst Band Breakups of All Time

The 10 Most Important South American Leaders

The 7 Most Successful Casting Show Winners

The 10 Most Peaceful Countries in the World

5 Big Reasons Communism Failed

The 15 Most Famous Carl Icahn Quotes

10 Scary Animals that are Actually Harmless

The 8 Most Famous Singer-Actors in Entertainment

The 10 Longest Wars of All Time

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!