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'The machines took over': Inside the biggest Dow Jones drop of all time
The Dow Jones Industrial Average experienced its biggest ever one-day point drop on Monday. Machine-based traders were blamed for the market moves. "You had a sense of panic in there," one trader...
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Billionaire hedge fund legend Paul Tudor Jones used a quote from Shakespeare...
Paul Tudor Jones, the billionaire founder of hedge fund Tudor Investment Corporation, said he feels like he's in his 20s again.In a letter to investors, he identified a number of concerns about the...
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Here's who was smart enough to sell stocks before Monday's rout
55% of shares sold in last weeks selloff was from hedge funds. Retail investors also sold off big portion.Corporation buying back shares were the dumb money, as they bought before the selloff.The...
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Wall Street is blaming a familiar culprit for the latest stock market bloodbath
The Dow plummeted 1,000 points for the second time in a week on Thursday.While some said the selloff on Thursday felt more human, there are those who see the influence of machine-based traders once...
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$160 billion hedge fund exec: 'We’ll probably have a much bigger shakeout...
Global markets dived during a rocky week for trading last week.Bridgewater Associates' co-CIO: "We don’t think this shakeout will be over in a matter of days."Fears over tightening central bank policy...
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A bunch of shell-shocked Wall Streeters met in paradise during the market...
A few hundred Wall Streeters met in the Cayman Islands last week as the market was melting down.No one could stop talking about the newest feature in global markets: fear of the unknown.The market is...
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A new lawsuit casts doubt on what billionaire Steve Cohen's deputies have...
A female staffer at Point72, billionaire Steve Cohen's investment firm, filed a lawsuit alleging widespread discrimination of women.Two senior men targeted in the lawsuit, Doug Haynes and Mark Herr,...
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The world’s largest hedge fund is betting big against Europe
Ray Dalio’s Bridgewater Associates has upped its bet against European stocks to $22 billion.The world's largest hedge fund has short positions on some of the continent’s largest and most recognizable...
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Chenavari, a $5.4 billion hedge fund, told investors it thinks 'we could...
Chenavari, a $5.4 billion hedge fund, warned clients that more market chaos could come."We think there is a possibility that we could experience a similar pattern as the 1987 crash," it said in a...
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2 veterans at $5 billion quant hedge fund PDT Partners have left
Two long-standing staffers at $5 billion quant hedge fund PDT Partners have left, according to people familiar with the matter. They are:Daniel Pugh, who headed trading operations and worked at PDT for...
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A small loophole in the new GOP tax law could be a big win for hedge funds —...
A provision in the new GOP tax law would allow hedge fund managers to dodge a longer waiting period to claim the carried interest provision.Treasury Secretary Steven Mnuchin said Wednesday that the...
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Hedge funds are pulling in billions — here are the hottest strategies
Hedge funds are expected to pull in $41 billion in fresh assets this year, according to a survey by Deutsche Bank.That's a drop in the bucket for the $3.2 trillion industry, but it's striking because...
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A hedge fund that focuses solely on marijuana is crushing it
Navy Capital is a New York City-based hedge fund focused on strategic, long-term investments in public cannabis companies.While there are other asset managers and traders who trade cannabis companies,...
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Elliott Management, a $34 billion hedge fund, described cryptocurrencies as...
Elliott Management, a $34 billion hedge fund, told clients that cryptocurrencies will likely one day be described "as one of the most brilliant scams in history." "FOMO (fear of missing out) has...
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$34 billion hedge fund Elliott Management says a 'dénouement' is approaching...
Paul Singer's Elliott Management, a $34 billion hedge fund, is beating the drum again about an impending market crash.Elliott has long raised concerns about market conditions."If you think the human...
View ArticleJim Chanos is worried about the economy, but not because of inflation
At the Nasdaq Market Site, Business Insider Senior Finance Correspondent Linette Lopez spoke with famed short seller Jim Chanos about the reintroduction of inflation to the market for the first time...
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One of the most senior women in the hedge fund business identified the...
Dominique Mielle was one of the hedge-fund industry's most senior women, working at $20 billion Canyon Capital for 20 years.She was the firm's only investment partner, and is one of the few senior...
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Hedge funds just made a big mistake on tech stocks
Hedge funds and other large speculators made a poorly-timed decision to go net short tech stocks for the first time in 21 months.The tech-heavy Nasdaq 100 index surged 5.6% during the week in...
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There has been a big shake-up at the top of Citadel's Aptigon unit
There has been a shake-up at the top of one of the billionaire Ken Griffin's stock-picking units.Rich Schimel, who headed Aptigon, a unit of the $27 billion hedge fund Citadel, and David Bonfili,...
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Warren Buffett breaks down the most important lessons he learned from his $1...
Warren Buffett in 2007 entered a decade-long bet with Protégé Partners that the S&P 500 would outperform a selection of hedge funds over the following decade. He won the bet late last year. In his...
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