Sections SEARCH Skip to content Skip to site index Subscribe Log In Log In Today’s Paper DealBook | Bridgewater’s Ray Dalio Tops the List of Hedge Fund Manager Compensation Advertisement DealBook Supported by Mr. Dalio, who sounded an alarm this year over rising income inequality, earned an estimated $2 billion in 2018. ByAndrew Ross Sorkin April 30, 2019 Ray Dalio has been sounding the alarm about income inequality, and a new ranking of top hedge fund managers demonstrates that he knows what he's talking about. Mr. Dalio, the co-founder of Bridgewater Associates who recently sounded an alarm that capitalism isn’t working for most Americans, sat atop the annual “rich list” of the highest-earning hedge fund managers released by Institutional Investor on Tuesday. The magazine estimated his earnings at $2 billion last year, an improvement on the $1.3 billion he made in 2017, … [Read more...] about Bridgewater’s Ray Dalio Tops the List of Hedge Fund Manager Compensation
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The iconic Caesars Palace fountains turned pink in celebration of Lisa Vanderpump's new cocktail garden. (Caesars Entertainment)Alber Mora, a baker at Caesars Palace, addresses the state Gaming Control Board in Carson City about the Culinary Union's wariness about the increased influence on policy by hedge funds on Wednesday, April 10, 2019. Richard N. Velotta/Las Vegas Review-Journal @RickVelottaFILE - In this Oct. 11, 2007 file photo, activist investor Carl Icahn speaks at the World Business Forum in New York. Shares of Express Scripts rose in early trading Tuesday, Aug. 14, 2018, after Icahn ended his short-lived fight to scuttle Cigna’s takeover of the pharmacy benefit manager. Icahn said late Monday that he will no longer try to convince other shareholders to vote against the roughly $52-billion deal later this month. He noted that two prominent shareholder advisory firms support it and that there is significant stockholder overlap between the companies. (AP Photo/Mark … [Read more...] about Culinary Union concerned about increasing influence of hedge funds
Callum Burroughs, provided by Published 9:25 am CDT, Wednesday, March 13, 2019 Jannis Tobias Werner/Shutterstock The hedge fund Deerfield Management is investing $100 million in a partnership with Harvard University. The research-and-development alliance will create Lab1636 to support Harvard's research into therapeutics and other clinical innovations. Harvard University researchers may be able to get drugs to market far quicker after a hedge fund plowed $100 million into a new research-and-development partnership. Deerfield Management, a specialist healthcare investor, will provide the funds to create a joint partnership called Lab1636, a nod to the university's founding date. The funding will go toward pioneering life science and biomedical research with the aim of developing novel therapeutics for market use. Harvard has launched more than 70 startups in the past five years, most of them life-sciences companies, university officials told The Boston Globe. Deerfield … [Read more...] about A Harvard University R&D lab just picked up $100 million of hedge-fund cash
By Eric Uhlfelder WSJ Sun., Feb. 10, 2019 Hedge-fund returns have lagged behind stocks for almost a decade. But as market volatility and uncertainty increases, sophisticated investors may start considering certain hedge-fund strategies that can do well in all kinds of markets, especially when prices are bouncing all over the place. The last time the market dropped sharply, in 2008, certain hedge-fund strategies performed well. For example, diversified commodity trading advisers—which make bets on the broad direction of stock and bond indexes, interest rates, foreign exchange and commodities—gained 14%, according to the industry data tracker BarclayHedge. And equity market-neutral funds—whose evenly balanced long or short exposure is aimed at producing more stable returns—preserved capital well in 2008, losing just 1% overall, while the S&P 500 index declined 37%. A key part of finding the right hedge-fund strategy is finding the right … [Read more...] about What to Ask Before Investing in a Hedge Fund
By Juliet Chung WSJ Nicole Friedman WSJ Mon., Jan. 14, 2019 Utilities have long been considered ultrasafe bets. Some of Wall Street’s biggest investors are now learning that isn’t always true. The Baupost Group LLC, Viking Global Investors LP and BlueMountain Capital Management LLC were among the hedge funds that snapped up shares of PG&E Corp. during the third quarter of 2018, just before the deadliest fire in California history triggered an existential crisis for the state’s largest utility. That crisis entered a new phase Monday when PG&E said that it intends to seek bankruptcy protection in about two weeks, sending its shares down nearly 50%. Shares had already fallen by more than 60%, with bonds down roughly 19%, since Nov. 8 due to concerns PG&E would be found liable for the blaze. The price of PG&E bonds due in 2034 fell about 6% Monday, according to MarketAxess. The insolvency of PG&E poses new peril to equity … [Read more...] about PG&E Was a Hedge-Fund Darling. That Bet Flopped.