These Hedge Funds Just Went From Best to Worst (Institutional Investor)
At least six hedge funds, including Woodson Capital Management, posted their worst-ever results in 2021 after huge gains in 2020. What a difference a year makes! Just ask one of the many of the hedge funds that suffered steep losses in 2021 after posting gains the prior year. At least six funds posted their worst-ever results last year, after generating their biggest gains ever in 2020.
Value-Investing Titan Seth Klarman Opens up About Rising Inflation, Trump, and Ballooning Opportunities for His $31 Billion Baupost (Business Insider)
Seth Klarman is concerned about the state of the world. That doesn’t mean he’s lacking optimism for his $31 billion hedge fund. Klarman, the CEO of the $31 billion fund Baupost, outlined the state of the US in a 25-page annual letter to investors earlier this month. The picture he painted was of a socially divided, pandemic-weary nation plagued by get-rich-quick schemes and rising inflation.
Wall Street’s Fink, Dalio Welcome Back Big Oil on ESG, Inflation (Bloomberg)
Wall Street’s biggest investors are welcoming back oil and gas stocks, and not just because of their knock-out performance over the past 18 months. Forward-looking fossil fuel producers will play a “critical” role in decarbonizing the world economy, BlackRock Inc. Chief Executive Officer Larry Fink said in his annual letter to CEOs on Monday. Meanwhile Ray Dalio, founder of hedge fund Bridgewater Associates, praised their role in tamping down inflation.
U.S. Hedge Fund Farallon Calls on Toshiba to Get Two-Thirds of Shareholders to Back Break-Up (Reuters)
TOKYO, Jan 18 (Reuters) – Farallon Capital Management on Tuesday urged Toshiba Corp (6502.T) to secure the legally required support of two-thirds of its shareholders before the Japanese industrial conglomerate continues with a controversial plan to split in three.
Tackling Private Capital Funds’ Data Management Challenge (Preqin)
The world of private capital is changing, as more demanding investors expect better data from fund managers. Our recent Future of Fund Technology survey found the most time-consuming task for private capital funds was managing corporate action, distributions, and investor reporting. That’s about to get more complex.
Month and Year in Review: 2021 (Hedge Nordic)
Stockholm (HedgeNordic) – Nordic hedge funds booked an average gain of 1.2 percent in December to end the year on a firm footing and achieve a full-year gain of almost 6.0 percent. This follows the 8.3 percent advance for 2020, the industry’s best annual performance since 2010. As in 2020, much of the industry’s 2021 advance was fueled by the strong performance of equity-focused hedge funds, which gained 10.0 percent last year.