These Two Hedge Fund Managers have a Track Record of Outperformance. (The Motley Fool)
Jim Simons and Josh Resnick might not be familiar names to many investors, but both hedge fund managers have beaten the S&P 500 over the past three years. During that time, Simons’ Renaissance Technologies and Resnick’s Jericho Capital Asset Management delivered returns of 76% and 100%, respectively, topping the 68% total return of the broader market. Both money managers are clearly doing something right, so investors could find it helpful to track their portfolios. For instance, Resnick started a position in Tesla (TSLA) during the first quarter, and Simons added to his position in Alphabet (GOOG) (GOOGL).
George Soros, Hollywood Megadonors Bankroll Stacey Abrams’ Leadership PAC (Fox News)
Stacey Abrams’ second gubernatorial bid in Georgia is enjoying massive donations from Democratic mega donors outside the state like billionaire George Soros and Hollywood director Steven Spielberg, filings reviewed by Fox News Digital shows. One Georgia Inc., an Abrams-associated leadership committee that is able to collect unlimited donations under new Georgia law, filed its contribution disclosure report with the state Friday afternoon, showing that wealthy progressives from across the country are pouring money into Abrams’ second attempt to unseat Georgia Republican Gov. Brian Kemp.
Three Arrows Founders’ Whereabouts Are Unknown, Foiling Liquidators (Bloomberg)
The founders of bankrupt crypto hedge fund Three Arrows Capital haven’t been cooperating in the firm’s liquidation process and their whereabouts were unknown as of Friday, according to court papers. Representatives tapped to liquidate Three Arrows by a British Virgin Islands judge had “not yet received any meaningful cooperation” from Kyle Davies and Zhu Su, lawyers said in US bankruptcy court filings. Advisory firm Teneo is attempting to round up and preserve the assets of the hedge fund.
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Hedge Fund Manager Adam Levinson Sells Hamptons Home for $42 Million (Behind the Hedges)
Hedge fund manager Adam Levinson sold his Hamptons home for $42 million, in what appears to be an off-market deal this spring. The transaction is among the most expensive sales in the Hamptons so far this year. Suffolk County deed transfers available this week show the newly built modern oceanfront home, located at 11 Beach Plum Court on Napeague, between Amagansett and Montauk, traded on April 28.
6 Times Warren Buffett, Jim Cramer and Other Experts Were Right About the Stock Market (GoBankingRates.com)
Public figures in the world of finance are easy targets when they make bad market calls. As commentators like Jim Cramer and billionaires like Warren Buffett are frequently quoted in the press, their missteps are publicly available for all to see. What gets often overlooked,. however, are the number of times that these experts make correct market calls. Here are just a few of the times that Cramer, Buffett and other well-known experts have made profitable calls in stocks or the market overall.
