What Bridgewater’s Ray Dalio Says About Market Impact of Russia’s Invasion of Ukraine (TheMiddleTownPress)
The founder of the world’s largest hedge fund has been closely following the Russian invasion of Ukraine, and his concerns are likely shared by many of his counterparts in the Connecticut investment community. Westport-based Bridgewater Associates founder and co-chief investment officer Ray Dalio’s commentary on the war suggests that a large number of investors are examining the impact of sanctions imposed on Russia and other economic repercussions of the invasion. But how the fallout from the conflict will affect investment firms such as Bridgewater will depend heavily on their respective strategies.
Hedge fund Man Group has cut exposure to Russia – CFO (Reuters)
LONDON, March 1 (Reuters) – Hedge fund Man Group cut its investments in Russia in recent weeks and now has ‘negligible’ exposure to Russia and Ukraine across its portfolio, its Chief Financial Officer Antoine Forterre told Reuters on Tuesday. The London-based fund first cut exposure to the region in its discretionary emerging markets fund in December, he said, before the hedge fund’s other strategies began reducing risk in the last two weeks.
Greenlight Surged in February as Markets Kept Falling (Institutional Investor)
The hedge fund headed by David Einhorn has been outperforming since last fall. Greenlight Capital is on a roll. The hedge fund headed by David Einhorn posted a 6 percent gain in February and is now up 5.5 percent for the year, according to a person who has seen the results.This compares with February losses of more than 3 percent posted by the S&P…
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Othania Grows on Anniversary (Hedge Nordic)
Stockholm (HedgeNordic) – As Othania Capital celebrates its sixth anniversary this March, the Danish boutique asset manager founded by the Larsen brothers has announced the hiring of Henrik Theis Jensen as Customer Manager. Jensen is Othania’s first permanent employee in addition to Vincent Dilling-Larsen and Christian Mørup-Larsen, the brothers who founded Othania Capital in early 2016.
Lampert Retires as Seritage Chair as REIT Explores Options (Bloomberg)
Hedge fund billionaire Edward Lampert stepped down as chair of Seritage Growth Properties as the real estate investment trust that emerged from the Sears bankruptcy reviews strategic alternatives. New York-based Seritage, the owner of 170 residential, retail and mixed-use properties in the U.S., has hired Barclays Plc as its financial adviser, according to a statement Tuesday. The REIT is in the early stages of its strategic review and said it wouldn’t comment further on the process.
