Even This Biden-Voting Billionaire Ignores the Full Downsides of Obscene Fortunes (NationofChange.org)
From Citizen Kane, chairman of the board Bernstein quips, “it’s no trick to make a lot of money… if what you want to do is make a lot of money.” Downright laughable was Washington Post’s catchy headline a week ago, “The moral calculations of a billionaire,” featuring the conundrum facing CNBC notable, ex-hedge fund, multi-billionaire Leon Cooperman. “Moral” here hardly invokes “morality” (as in goodness, virtue, or compassion) but pressing, rather business-like calculations – how before death to best dispose of billions you can’t spend, nor want your children to inherit.
Maverick Was Mauled in January (Institutional Investor)
The Tiger Cub headed by Lee Ainslie III was one of the worst performers for the month. Maverick Capital is the latest hedge fund firm to report double-digit losses in January. The Tiger Cub headed by Lee Ainslie III posted a decline of more than 17 percent in its flagship Maverick Fund last month, according to a hedge fund database.
AQR Capital Management Fixed Income Exit Sees Head of Trading Depart (TheTradeNews.com)
Following the closure of its fixed income funds, AQR’s head of fixed income trading has left the hedge fund after five years, The TRADE can reveal. Head of fixed income trading at hedge fund, AQR Capital Management, Nicolas Steinbach, has stepped down after five years as the institution shutters its long-only fixed income division, The TRADE can reveal. Originally reported by the Financial Times in November, sources familiar with the matter confirmed that AQR would be shuttering its long-only fixed income arm altogether and reorganising its bond investing operations.
Photo by Austin Distel on Unsplash
Graticule Asset Management Asia CIO Levinson on Fed, Markets, Crypto (Bloomberg)
Adam Levinson, founder and chief investment officer of Singapore-based hedge-fund firm Graticule Asset Management Asia Pte, discusses Federal Reserve policy and the opportunities he sees in global markets. He also shares his views on cryptocurrencies and metaverse in an exclusive interview with Haslinda Amin and Yvonne Man on “Bloomberg Markets: Asia.”
Hedge Funds Start 2022 on a Down Note After Strong 2021 (Hedge Week)
Inflation, market volatility and geopolitical tensions in Europe appear to have taken a toll on the global hedge fund business in January, with aggregate returns coming in at -1.89 per cent for the first month of the year, according to eVestment’s January 2022 hedge fund performance data. The hedge fund industry ended 2021 at +9.87 per cent and January’s return is the lowest start to the year since 2016, according to eVestment Global Head of Research Peter Laurelli.
