Inside the rise of billionaire Dan Sundheim: The LeBron James of investing...
Summary List PlacementThe world has changed drastically in the two years since D1 Capital launched.And Dan Sundheim has made money through it all, thanks to a string of bets that have emerged as...
View ArticleInside Millennium Management's sprawling network of hedge fund spin-offs
Summary List PlacementOne could argue that Millennium Management's greatest advantage over other hedge funds is its ability to keep talented people in-house.The massive hedge fund — which manages some...
View ArticleA former Citadel and BlueMountain portfolio manager has landed herself a new...
Summary List PlacementOne of Canada's largest hedge funds has added a new head of global credit.Marina Lutova Meyers is currently running the global credit strategy for the $5.3 billion multi-strategy...
View Article$30 billion Lone Pine — the Tiger Cub with big stakes in Shopify, Facebook,...
Summary List PlacementLone Pine — the $30 billion Tiger Cub headquartered in Greenwich, Connecticut — has soared in 2020.The equity manager has returned more than 23% in its flagship long-short fund...
View ArticleInside the rapid rise and fall of Coatue's quant fund: How a 23-year-old...
Summary List PlacementLast spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance.In the 20 years since its founding, the secretive, tech-focused...
View ArticleInside the rise and fall of Coatue's much-hyped but short-lived $350 million...
Summary List PlacementLast spring, Coatue Management, a $25 billion hedge-fund giant, did something unusual: It made an appearance.The secretive, tech-focused investment manager has had a stellar track...
View ArticleIs Florida the new Wall Street?
Summary List PlacementA Bronx-born billionaire now based in Florida worries his home city will become a "graveyard."A Long Island-based congressman is urging a big bank not to "abandon us, please,"...
View ArticleHow a 23-year-old hedge fund wunderkind blew a $350 million opportunity
Summary List PlacementHello everyone! Welcome to this weekly roundup of Business Insider stories from co-Editor in Chief Matt Turner. Subscribe here to get this newsletter in your inbox every...
View ArticleFannie Mae is asking key employees to be prepared to work through the...
Summary List PlacementHo-ho-hold off on unplugging for the holidays. That's what top Fannie Mae execs are telling key employees as the mortgage giant braces for an update in the coming weeks regarding...
View ArticleHedge funds tour Florida office space 'one to three times a day' amid...
Summary List PlacementWith last week's news that Goldman Sachs was considering moving part of its business to Florida, the whispers about Florida's ascendance as a financial capital have turned into...
View ArticleFirms like AQR, Blackstone, and Point72 are all leaning into systematic...
Summary List PlacementBillionaire Blackstone founder Steve Schwarzman's New York-based asset manager is made up several different units: A massive real-estate portfolio that has contributed half of the...
View ArticleTwo Sigma has seen take-up surge for its risk-analysis tool Venn this year—...
Summary List PlacementA high-profile fund has already seen a big uptick in adoption of software it spun off last year in an effort to drum up new business. Two Sigma, the $58 billion quantitative hedge...
View ArticleCoinbase taps Goldman for public debut — How Airbnb and DoorDash failed to...
Summary List PlacementWelcome to the weekend!Two weeks out from the end of 2020 and the IPO news cycle isn't slowing down. You'd be forgiven if you thought at the beginning of the week we'd maybe get a...
View ArticleBig names, new launches, and under-the-radar managers: Here are 12 hedge...
Summary List PlacementA year full of volatility and chaos ended up going pretty well for many hedge funds. The average hedge fund has made more than 13% this year's first 11 months, after a strong...
View ArticleBill Ackman turned a $27 million bet into $2.6 billion in a genius...
Summary List PlacementThe hedge fund billionaire Bill Ackman is among few who minted a multibillion-dollar profit during the throes of the coronavirus pandemic. The famed investor turned a relatively...
View ArticleThese are the Wall Street stories our readers loved in 2020
Summary List PlacementWhat a year.That's probably the best way to sum up 2020, which was an absolute whirlwind. And while most of us will be happy to close the book on what has been a difficult and...
View ArticleRocket Internet surges after Elliot Management takes 15% stake, complicating...
Summary List PlacementRocket Internet surged on Tuesday after it was revealed that activist investor Elliott Management, led by Paul Singer, took a 15.1% stake in the German-based tech startup...
View Article'We see tremendous value in private real assets' — Here's how the world's...
Summary List Placement"Look it's obviously been a roller coaster year," said UBS asset management's head of investments, Barry Gill, at a media event.But the question is now how markets will shape up...
View ArticleHedge fund pay, revealed: How much engineers, associates, and researchers...
Summary List PlacementFor many Wall Street aspirants, a career at a top hedge fund is the holy grail. For those who succeed, compensation has the potential to eclipse nearly any other profession in the...
View ArticleHere are under-the-radar hedge fund managers who crushed 2020, including a...
Summary List PlacementFor big-name managers, 2020 went either very well or very poorly. Quants such as Renaissance Technologies, Winton Group, and Bridgewater Associates struggled, losing double-digits...
View Article