Wednesday links: the hedge fund predicament

Tuesdays are all about academic (and practitioner) literature at Abnormal Returns. You can check out last week’s links including a look at... Hedge fundsMore evidence demonstrating that diverse teams generate hedge fund alpha. (insti.....»»

SpaceX has launched another 60 Starlink satellites into orbit, but it failed to land the rocket booster on its return to Earth. The private spaceflight company is planning to launch more satellites on Wednesday. Q4 2020 hedge fund letters, conference.....»»

Hedge fund Melvin Capital closed out its short position in videogame retailer GameStop Corp., CNBC reported Wednesday. Fund manag.....»»

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Tesla Inc (NASDAQ: TSLA) traded higher by 2.5% on Wednesday ahead of the company’s first-quarter earnings report due out after the market close. read more.....»»

For the first quarter of 2020, investors withdrew a net $33 billion, or 1% of the global industry capital of $2.96 trillion, from hedge funds, Bloomberg reported, citing a Hedge Fund Research Inc. report released Wednesday. read more.....»»

Billionaire investor William Ackman, who hedged his Pershing Square Capital management portfolio weeks ago to guard against coronavirus-inspired panic selling, told investors his private hedge fund is making money this year, an investor said on Wednesday......»»

REUTERS/Eduardo Munoz Bill Ackman warned on Wednesday, March 18 of mass casualties, industries collapsing, and a deep recession if the US government doesn't impose a nationwide shutdown to slow the spread of coronavirus. The billionaire hedge fund mana.....»»

Mitsubishi UFJ Financial Group (MUFG) sold off its $85 million loan to Glencore's Wiggins Island Coal Export Terminal (WICET) in Australia to a hedge fund on Wednesday at about 52 cents in the dollar, two sources said......»»

ValueAct Capital Partners LP's founder Jeff Ubben is stepping down as chief executive officer and will be replaced by the activist hedge fund's president, Mason Morfit, the Financial Times reported on Wednesday......»»

The New York Mets have agreed to be sold to hedge fund billionaire Steve Cohen, in a deal that will take five years to complete, the team announced Wednesday evening......»»

Rich Schultz/Getty Images The New York Mets' owners are in talks to sell up to 80% of the team to billionaire hedge fund manager Steve Cohen, Bloomberg reported Wednesday. .....»»

Billionaire hedge fund titan Ray Dalio made waves yesterday with another cautionary LinkedIn post that pinned t.....»»

Getty/Tasos Katopodis Hedge fund billionaire Leon Cooperman told CNBC on Wednesday that the stock market could tumble as.....»»

Brendan McDermid/Reuters AT&T announced on Wednesday it plans to sell its Puerto Rico and US Virgin Islands business to Liberty Latin America for almost $2 billion.  The.....»»

Shares of Yuma Energy Inc. soared 79% in active premarket trading Wednesday, after the oil and natural-gas exploration and production company said investment advisor and hedge fund Red Mountain Capit.....»»

Third Point LLC has agreed to pay more than $600,000 to settle allegations the hedge fund failed to properly file for antitrust clearance when it bought DowDuPont stock two years ago, the U.S. Justice Department said on Wednesday......»»

Elliott-Funded Avocet Mining Goes into Administration (Reuters) (Reuters) – Gold miner Avocet Mining Plc on Wednesday appointed Pa.....»»

Billionaire investor William Ackman's hedge fund Pershing Square Capital Management has made a new bet on Warren Buffett's Berkshire Hathaway Inc , according to a regulatory filing made on Wednesday......»»

Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm's founder, John Lykouretzos, told investors in a letter on Wednesday......»»