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Billionaire hedge fund manager Seth Klarman slimmed some of his biggest tech holdings and grew positions in healthcare stocks during the second quarter, new SEC filings show. Baupost Group slashed its Facebook and Alphabet stakes by 57% and 29%, respectively. Klarman shifted considerable cash into healthcare stocks. A new position in HCA Holdings marked Baupost's biggest buy of the quarter, and the manager boosted bets...

Hedge funds are net short against the dollar for the first since May 2018 amid extreme weakness, Bloomberg reported Monday.  The greenback has fallen about 6% against the euro alone since the start of the year. Big government and central bank spending has pushed interest rates down and weakened the dollar.  Visit Business Insider's homepage for more stories. Hedge funds are shorting the dollar...

Warren Buffett's Berkshire Hathaway has lost Bill Ackman as an investor. The hedge-fund manager revealed the sale of his Pershing Square fund's $1 billion Berkshire stake in a conference call on Wednesday. Pershing sold Berkshire in the last few weeks to free up cash so it can capitalize if prices fall again, Ackman said on the call. The move is surprising as Ackman boosted...

Billionaire investors including Warren Buffett and George Soros made striking changes to their portfolios last quarter. David Einhorn's Greenlight Capital took a stake in Disney, Dan Loeb's Third Point tripled its Amazon holdings, and Seth Klarman's Baupost Group backed Google and Facebook. We picked out some of the most noteworthy trades in the period. Visit Business Insider's homepage for more stories. Warren Buffett, George...

Hedge fund managers including Ray Dalio and Adam Levinson suffered record losses in March as the novel coronavirus hammered their portfolios. Around 75% of hedge funds posted losses last month, including nine in 10 credit funds, Bloomberg estimated based on preliminary data. Dalio's Bridgewater Associates lost 16% in its flagship fund, Levinson's Graticule Asset Management recorded a 9% drop in its macro fund, and...

The hedge-fund billionaire Bill Ackman turned a $27 million position into a $2.6 billion windfall as the coronavirus outbreak dragged stocks to multiyear lows and threatened deep economic recession. Pershing Square Capital Management turned to credit protection on investment-grade and high-yield bond indexes to bet on an increased risk of corporate default. The multibillion-dollar profit offset losses elsewhere in Ackman's portfolio and drove a...