$18.5 billion BlueMountain Capital has struggled performance-wise this year, and has cut different strategies to make itself more profitable.
The report that BlueMountain's biggest backer may sell comes just a week after Affiliated Managers Group said the fund was nearing profit targets.
COO of Citadel's global equities arm, Faron Schonfeld, and one of the firm's longest-tenured portfolio managers, Brian Conn, are leaving Citadel, sources tell Business Insider.
While hedge funds have performed better than in 2018, managers still trail the market on average, and investors have pulled billions so far this year.
The stocks most owned by hedge funds have outperformed the broader market so far in 2019, and Goldman Sachs says they're poised for more gains.
Andrew Feldstein's flagship fund lost nearly 4% in the first quarter of 2019 while hedge funds as a whole had one of their best quarters in years.
London-based Marshall Wace had a $175 million bet on three of Deliveroo's competitors' stocks falling — Just Eat, Delivery Hero, and Takeaway.com.
A cofounder of one of the oldest machine-learning funds said the assumption investors make about machine-learning is that it "can solve any data-rich problem, which is far from being the case."
In a talk at the Sohn Investment Conference, D1 Capital founder Daniel Sundheim said “growing marijuana is just inherently not a good business.”
Angela Aldrich, founder of Bayberry Capital, pitched attendees at Sohn's Investment on shorting the world's third biggest wine producer, Treasury Wine Estates.
Canopy Growth paid $300 million in April for the right to buy Acreage Holdings pending the federal legalization of marijuana in the US.
Carbon Investment Partners closed after one of its partners, Lee Bressler, lost on extremely leveraged trades on Tesla and Amazon. An arbitrator found that Jefferies' prime brokerage helped him do it.
Impactive Capital, a new activist hedge fund that incorporates environmental, social, and governance factors into its investment processes, has invested in Wyndham Hotels.
For first time since Sohn began its "Next Wave" series six years ago, the majority of presenters identified as rising stars on Wall Street are not white men.
Sources say D.E. Shaw provides access to its biggest investor, Blackstone, to select funds not made widely available to the greater investor base.
Sources say D.E. Shaw provides access to its biggest investor, Blackstone, to select funds not made widely available to the greater investor base.
Citadel closed its Aptigon stock-picking unit last week, parting ways with the unit's leader Eric Felder.
The SALT conference didn't happen in 2018 as Skybridge tried to push its eventual failed sale to Chinese company HNA through.
The SALT conference didn't happen in 2018 as Skybridge tried to push its eventual-failed sale to Chinese company HNA through.
2018 was the fifth year in a row that the total number of hedge-fund launches declined, per Preqin, despite some big-name and record-setting launches.