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Summary List PlacementEvery financial institution in the world is constantly searching for new, unique datasets that can give them an edge. A new peer coming in May plans to find them and put them to use at record speed. Red Cedar, a new Stamford, Conn.-based quant fund set to launch in May, is run by CEO Alexander Chernyy, a Russian-born academic who has worked...

Goldman Sachs' Hedge Fund VIP list is tripling the returns of the broader market so far in 2020, according to strategist Ben Snider. The list includes 15 stocks that are now among the ten biggest holdings for a large number of hedge funds that invest based on company fundamentals. The top of the list hasn't changed in two years, reflecting how much hedge funds...

About a quarter of SkyBridge Capital's investors asked to take their money out of the firm's flagship fund, which will translate to between $800 million and $900 million leaving, founder Anthony Scaramucci told Business Insider.  After Merrill Lynch recommended investors leave the fund of funds in late June, SkyBridge lost about half of its Merrill Lynch assets, Scaramucci said.  SkyBridge brought in $115 million...

Years of an unrelenting bull market and passive investing dominance has brought hard times for long-short equity hedge funds, which have seen their fees squeezed and assets flee. Now, in the midst of the coronavirus pandemic, hedge-fund allocators and consultants say that there's renewed interested in this flavor of hedge fund, especially after quants struggled to keep up with the market turbulence in March....

Big-name quants were slammed in March, as their models struggled to keep up with the coronavirus-induced selloff. AQR's former head of machine-learning, Macros Lopez de Prado, said on a webinar hosted by alt-data company Thinknum on Friday that quants were too reliant on models and forecasts. He said they need to begin practicing "nowcasting"— reacting to real-time data instead of trying to predict the...

Launching a hedge fund has gotten tougher every year, but the coronavirus pandemic has significantly slowed down many fundraising conversations, industry observers say. New managers with name recognitions or institutional backing are also fighting in the battle for assets with firms like Baupost and D.E. Shaw, both of which re-opened funds to new capital, as well as hedge-fund-like strategies, like liquid alternatives, which come...

Massar Capital, a $233 million hedge fund founded by Marwan Younes, finished Monday up more than 14% for the year. Massar makes global commodities and macro bets, according to its website. Younes said the firm has been able to thrive in the chaotic markets caused by the novel coronavirus because of his background: He grew up in Beirut during the Lebanese civil war of the...

Jack Dorsey's tenure at the helm of Twitter may be nearing its end after hedge fund Elliott has built a more than $1 billion stake in the social media company and is demanding a full-time CEO. One of the key players gunning for the change is 39-year-old Jesse Cohn, the billionaire Paul Singer's right-hand man. Cohn is among those responsible for the transformation of...

Billionaire Larry Robbins' Glenview Capital lost 7% in its flagship fund in January after the fund soared 30% in 2019. The firm, which runs more than $7 billion across multiple funds, has made big bets on healthcare-related companies, like Cigna and HCA Healthcare. The firm joins managers like Carlson Capital and known Tesla shorts like David Einhorn's Greenlight Capital that lost big in January. ...

Coatue, billionaire Philippe Laffont's firm, opened a quant fund last May to outside investors even as many larger quant funds were struggling in an increasingly competitive space. In the hyper-competitive space of quant funds, where the biggest managers like Two Sigma, D.E. Shaw, and Renaissance Technologies are investing more every year into new data streams and artificial intelligence, new players face an uphill battle....