David McCormick, Hedge Fund Chief, Joins Pennsylvania G.O.P. Senate Fray (The New York Times)
David McCormick, the former chief executive of Bridgewater Associates, the world’s largest hedge fund, filed paperwork to run for the Senate in Pennsylvania as a Republican on Wednesday, entering a crowded but unsettled field in what is likely to be one of the most hotly contested midterm elections.
Hedge Fund Manager Welton Sells Minority Stake to Nile Capital (Pensions&Investments)
Hedge fund manager Welton Investment Partners sold a minority stake to Nile Capital Group Holdings. Terms of the transaction, which was completed Dec. 15, are not being disclosed, said Christopher Keenan, Welton’s director of marketing, in an interview.
Where Hedge Fund Billionaire Ken Griffin Is Donating Ahead Of The 2022 Midterms (Forbes)
Citadel billionaire Ken Griffin has donated $2.4 million to federal campaigns and committees ahead of the 2022 midterms, according to a review of Federal Election Commission data. An unthinkable sum for most Americans, it’s a drop in the bucket for Griffin, who saw his estimated net worth soar $5 billion to an estimated $26.5 billion earlier this week, after two venture capital firms invested in his hedge fund.
Hedge Fund Manager Gives Tips for Trading Apple, Other Big Tech Stocks Right Now (CNBC)
David Neuhauser, chief investment officer at Chicago-based hedge fund Livermore Partners, has given his verdict on what investors should be doing with Big Tech stocks right now, as the sector experiences some of the heaviest selling its seen in a decade.
Hedge Fund Sector Closes Out 2021 with 1.58 per cent December Gain (Hedge Week)
The global hedge fund sector returned +1.58 per cent in December, bringing the aggregate return for the industry for 2021 to +10.00 per cent, according to the December and year-end 2021 eVestment hedge fund performance data. Almost 80 per cent of funds reporting to eVestment posted positive results for the year, with the average positive return coming in at +15.55 per cent. For the small minority of funds that landed in the red for performance in 2021, the average return was -7.32 per cent.