WATCH: Billionaire Investor Ray Dalio Told Us Why US Economic Dominance is Facing Its Greatest Competition Yet — and How Investors should Navigate the Unprecedented Environment (Business Insider)
Billionaire investor and hedge fund manager Ray Dalio has been in the global macro space for over 40 years. Over this time, the Bridgewater Associates co-chief investment officer has studied history for surprising trends that continue to inform the political and economic happenings of today. And last year, he turned his study into a book called “Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail.”
Bill Ackman, Animoca Brands Back Web3 Global Venture Fund (Bloomberg Quint)
(Bloomberg) — Billionaire Bill Ackman is among the early backers of a web3 venture fund focused on supporting the metaverse, gaming, social media and decentralized finance. Closing on $50 million in funding announced Monday, OP Ventures Fund I counted the hedge fund manager among its supporters which also included Solana co-founder Raj Gokal, Terra founder Do Kwon, Polygon co-founder Sandeep Nailwal, billionaire financier Alan Howard and Asian gaming giant Animoca Brands Corp.
‘Brutal’ Selling in Speculative Tech Stocks Knocks Tiger Cub Hedge Funds (News7Trends)
A number of hedge funds spawned by Julian Robertson’s funding agency Tiger Administration have sustained steep losses in latest months, after huge falls for US tech shares by which lots of them held stakes. A gaggle of so-called “Tiger Cubs” together with Chase Coleman’s $90bn-in-assets Tiger World, Philippe Laffont’s Coatue Administration and Glen Kacher’s Gentle Avenue Capital have backed an identical cohort of corporations together with Peloton Interactive, Zoom and Block, in line with evaluation by the Monetary Instances.
Mariner Investment Appoints Sole CIO (Pensions&Investments)
Edward G. “EG” Fisher, a partner, will take over as sole CIO of hedge fund manager Mariner Investment Group, effective June 30. Mr. Fisher also is head of liquid-market strategies, a title that will be dropped after he takes over as CIO, a spokeswoman said in an email. Mr. Fisher currently serves as co-CIO alongside William J. Michaelcheck, a partner and the firm’s founder, who will remain at the firm in the new role of vice chairman, the spokeswoman confirmed.
Macro Funds Lead Broader Hedge Fund Recovery in February – HFR (Reuters)
ORLANDO, Fla., March 7 (Reuters) – A strong performance by macro funds helped hedge funds recover in February from a bruising start to the year, despite a surge in volatility following Russia’s invasion of Ukraine late in the month. The HFRI Macro (Total) Index rose 2.07% in February, led by a 2.6% increase in the Commodity Index. It was the best month for macro funds since May, lifted year-to-date macro fund returns to 2.88% and easily beat the 1.22% decline in the Barclays bond/credit index.