Ray Dalio of Bridgewater Associates at CGCC Lunar New Year Gala (CGTN)
CGTN’S Dezhi Xu spoke with American billionaire investor and hedge fund manager, Ray Dalio, who has served as co-chief investment officer of the world’s largest hedge fund, Bridgewater Associates, since 1985. Mr. Dalio spoke with CGTN’s Dezhi Xu ahead of the China General Chamber of Commerce gala on Tuesday. Hear what he has to say about understanding U.S.-China competition.
Insight Partners Raises $20b Twelfth Fund (Globes)
New York-based fund Insight Partners, which has become one of the most prominent investors in Israel’s technology industry and is responsible for many local companies becoming unicorns, has announced the final closing of its twelfth flagship fund, along with a dedicated co-invest fund that will participate in certain investments alongside the flagship fund to invest in global high-growth technology, software and Internet businesses.
Citadel Is Further Paring Back $2 Billion Melvin Investment (The Wall Street Journal)
Citadel LLC is further paring back its $2 billion investment in Melvin Capital Management after the hedge fund stumbled in its effort to recover from a near collapse triggered by surges in GameStop Corp. and other “meme stocks” early last year. Citadel in late January asked to redeem half the money the firm and its partners have left in Melvin’s hedge fund, after originally halving their investment late last year, as Melvin racked up double-digit losses for the second January in a row, people familiar with the matter said. The latest redemption request would be paid out at the end of March, the people said.
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Inflows and Profits Bring Assets to $4.8 Trillion (Hedge Nordic)
Stockholm (HedgeNordic) – Total hedge fund assets reached an estimated $4.8 trillion at the end of 2021, as December trading profits amounting to $39.8 billion exceeded the month’s $20.4 billion in redemptions, according to BarclayHedge. A string of nine consecutive months of inflows, together with strong trading profits during the year, led to hedge fund assets growing by almost 23 percent year-over-year in 2021.
Hedge Funder Drops Record $35M for Oceanfront Highland Beach Estate (The Real Deal)
Hedge fund manager Paul Saunders and his wife, Victoria Saunders, paid a record $34.7 million for an oceanfront Highland Beach estate. The Saunderses bought the three-story, seven-bedroom mansion at 2445 South Ocean Boulevard from the estate of the late Mark Hamister, according to a deed.
Most Hedge Fund Strategies Positive in Q4 2021, Says Citco (Hedge Week)
Q4 was another solid quarter for hedge funds, with most strategies and all AUA categories delivering positive results, according to the Citco 2021 Q4 Hedge Fund Update. Overall weighted average returns for hedge funds were 1.52 per cent. The quarter once again largely continued a trend for funds on the Citco platform with net positive inflows for the months intra-quarter, and the quarter-end trading cycle experiencing some net outflows. In aggregate, investors added a net total of USD5.7 billion over the whole three-month period.
