Ray Dalio’s China Fascination Predates His Ties to Beijing’s Billions (Bloomberg)
The visitors from China arrived in affluent Westport, Connecticut, on a singular mission: to learn the ways of Bridgewater Associates, the world’s largest hedge fund. These officials from the nation’s sovereign wealth fund were invited by none other than the founder, Ray Dalio, who has spent decades quietly cultivating Beijing.
Social Gaming Firm Rec Room Valued at $3.5 bln in Coatue-Led Funding Round (Reuters)
Dec 20 (Reuters) – Social gaming platform Rec Room said on Monday it fetched a valuation of $3.5 billion after raising $145 million in a funding round led by hedge fund Coatue Management, riding on the pandemic-fueled boom in digital entertainment.
Hedge Funds Spooked by Luckin Comparison (Institutional Investor)
Which Tiger funds would be hurt the most if Muddy Waters is right about KE Holdings? Another popular hedge fund stock found itself in the crosshairs of a high-profile short artist.Shares of Chinese real estate broker KE Holdings fell nearly 2 percent on Thursday, after Muddy Waters Research published a 77-page report asserting that the company has committed “significant” fraud, along the lines of the malfeasance…
Photo by Austin Distel on Unsplash
Hedge Fund that Targets “Extreme Profits” Up 14% YTD (Opalesque)
“Buying at a deep discount can atone for a multitude of sins,” says Steven Grey who manages a long/short portfolio of extremely mispriced securities. This manager’s investment philosophy is to invest in extremely mispriced securities that provide an irresistible risk/reward profile and potential for extreme profit. And that philosophy has yielded very good results for his fund of late. Grey will present at the Small Managers – Big Alpha Episode 6 webinar on January 11th, 2022. “We target extreme profits…,” he explained to Money Life earlier this year. “Prices are obviously the primary drivers of returns. When you are targeting extreme profits, you are simultaneously targeting a large margin of safety, that kind of classic value approach.
Redhedge’s Relative Value UCITS Fund Surpasses EUR100 Million (Hedge Week)
Redhedge Asset Management’s (Redhedge) Relative Value UCITS fund has surpassed EUR100 million in assets under management less than one year after its inception. The UCITS fund has been launched to meet demand from institutional investors, such as pension funds and family offices, that cannot invest in non-UCITS products and are searching for a product that is decorrelated from major financial markets. The fund will be managed by Andrea Seminara, CIO and CEO, and Voon Kiat Lai, Senior Portfolio Manager.
