Some of the most famous minds in investing convened here this week for an annual celebration of the hedge-fund industry. But, feeling the weight of years of under performance and an uptick in client defections, the mood was anything but festive. Longtime hedge-fund manager Leon Cooperman openly questioned whether it made sense to continue on […]
While last year set a record for the amount of money spent on corporate mergers — $4.7 trillion — this year is so far setting a very different record: the dollar amount of deals that have come undone. Since the beginning of January, $400 billion worth of corporate mergers have been withdrawn in the United […]
Hedge fund manager David Tepper, the founder of Appaloosa Management, added to his Apple position during the fourth quarter, according to a 13F filing with the SEC. For the fourth quarter ended 12/31/2012, Appaloosa owned 486,476 shares of the tech giant’s stock, the filing shows. In the previous quarter, the fund held 347,768 shares of […]
Hedge funds are often pitched to prospective clients as an asset class that can beat the markets or a specific benchmark like the S&P 500. However, hedge funds have been failing to deliver in recent periods. The January 2013 performance figures for the DJ Credit Suisse Hedge Fund Index are out. And as you’ll see […]