Hedge Fund News: Ray Dalio, Yahoo! Inc. (YHOO), Goldman Sachs Group, Inc. (GS)

Page 1 of 2

Editor’s Note: Related tickers: Yahoo! Inc. (NASDAQ:YHOO), Bank of America Corp (NYSE:BAC), Goldman Sachs Group, Inc. (NYSE:GS), Barrick Gold Corporation (USA) (NYSE:ABX), Pioneer Natural Resources (NYSE:PXD), Google Inc (NASDAQ:GOOG), Charter Communications, Inc. (NASDAQ:CHTR), Johnson & Johnson (NYSE:JNJ), EQT Corporation (NYSE:EQT), Constellation Brands, Inc. (NYSE:STZ), Mosaic Co (NYSE:MOS)

BRIDGEWATER ASSOCIATESA big Bridgewater fund is under the weather (Reuters)
A $70 billion portfolio managed by hedge fund titan Ray Dalio‘s Bridgewater Associates and widely held by many pension funds to survive stormy markets is emerging as a big loser in the recent selloff in global markets. The Bridgewater All Weather Fund is down roughly 6 percent through this month and down 8 percent for the year, said two people familiar with the fund’s performance. The All Weather Fund is one of two big portfolios managed by Bridgewater and uses a so-called “risk parity” strategy that is supposed to make money for investors if bonds or stocks sell off, though not simultaneously.

Why The Proxy Battle To Dismantle Yahoo’s Board Probably Won’t Work (Seattlepi)
Two massive pension funds are getting together to wage a proxy battle that would completely wipe out and rebuild Yahoo! Inc. (NASDAQ:YHOO)‘s Board of Directors at the company’s meeting tomorrow, but it’s time to get real — they probably won’t get what they want. At least not exactly. …This game is not for the weak stomached. Now, Ader’s victory happened at a $4 billion company with an unpopular CEO and it was quite a coup. Yahoo! Inc. (NASDAQ:YHOO) has a market cap of $27 billion and Marissa Mayer at the helm, so the pension funds waging a winner-take-all fight there are in for an even tougher battle.

Kirk’s Cantab Hedge Fund Said to Drop 14% in June Market Selloff (SFGate)
Cantab Capital Partners LLP, a hedge-fund firm partly owned by Goldman Sachs Group, Inc. (NYSE:GS), has lost 14 percent in its main fund this month as bonds and currencies fell, two people familiar with the performance said. The $4.5 billion fund, based in Cambridge, England, dropped 19 percent for the year through June 21, said the people, who asked not to be named because the firm is private. Cantab, founded in 2006 by Ewan Kirk, a former Goldman Sachs Group, Inc. (NYSE:GS) partner, has been hurt in recent days as markets tumbled after Federal Reserve Chairman Ben S. Bernanke said on June 19 that the U.S. central bank may start reducing fixed-income purchases that have helped fuel a global rally in stocks and bonds.

Ex-Bank of America trader launches credit hedge fund-source (Reuters)
Veteran credit trader Iftikhar Ali is launching his own hedge fund firm, a source close to the new company told Reuters, as traders look to cash in on turbulent bond markets. Ali, former head of international proprietary credit trading at Bank of America Corp (NYSE:BAC) and more recently hedge fund manager at Observatory Capital, plans to launch Rhodium Capital in the fourth quarter of the year, the source said. Rhodium and Ali declined to comment.

Odey cuts stake in Man Group after share price slump (Reuters)
Odey Asset Management has reduced its stake in Man Group after a slump in the hedge fund company’s share price over the past month. London-based Odey, founded by veteran fund manager Crispin Odey and known for its lucrative 2009 bet on a recovery in Barclays (BARC.L) shares, reduced its holding to 6.72 percent on Thursday, when the shares were trading between 77.6 and 85.8 pence. Odey, which had increased its position to 7.37 percent last month, was not immediately available to comment on the share sale.

The 2013 Hedge Fund Rising Stars (InstitutionalInvestor)
Anyone who thinks women don’t make good traders should meet Nehal Chopra, founder of New York hedge fund firm Ratan Capital Management. Chopra is one of an elite handful of managers singled out by Julian Robertson Jr.’s Tiger Management Corp. for special support from among those it has seeded. Like many of the 30 executives and investment professionals on Institutional Investor’s 2013 Hedge Fund Rising Stars list, Chopra shows how much more diverse the hedge fund industry has become since the 1990s, when it was dominated by middle-class white men with Ivy League educations who launched their firms in New York or Connecticut.

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!