He couldn’t land a job. He networked. Met with headhunters. All he got was a sharp sense of his options narrowing.
Hedge funds bailed on tech stocks just in time, getting out of the battered sector and into a more defensive stance just as the market started its fourth-quarter slide.
October saw hedge funds notch their worst collective monthly performance since January 2016, according to industry benchmark Preqin
A collection of hedge funds' favorite stock picks — including Facebook, Alibaba and Amazon — is underperforming the broader equity market in the second half of 2018.
October's miserable market month took its toll across the board, including the hedge fund industry, which collectively turned negative for the year. Hedge fund returns declined 3.1 percent during the month, according to industry tracker eVestment, the second-worst month since 2011.
Fidelity Investments, which handles more than $7.2 trillion in client assets, announced a new and separate company called Fidelity Digital Asset Services on Monday.
Hedge funds had their worst third quarter since 2015, rising just 0.3% on average amid surging bond yields and a trade war with China.
Deutsche Bank’s hedge fund clients have had a front-row view of tumult this year, as the bank’s new leader unveiled another strategy, dramatically shrinking its U.S. prime brokerage.
Goldman Sachs says hedge funds are signficantly underperforming the stock market this year.
Morgan Stanley’s alternative investment group raised $516 million to invest alongside hedge funds in longer-term wagers, as clients move away from more traditional bets in public markets.
Arsenal are reportedly looking at appointing Marcelino.
Liverpool are said to be interested in Borussia Dortmund winger Jadon Sancho, as they look at their transfer options.
Jurgen Klopp's Premier League leaders could have their answer to Kevin de Bruyne in Kulusevski, while Manchester United have offered to pay £21.5m.
Liverpool full-back Trent Alexander-Arnold has become one of Jurgen Klopp's side's key players.
Chelsea and Tottenham Hotspur will meet later on this month in the Premier League.
Jose Mourinho has won his first three games in charge of Tottenham Hotspur and he will be hoping to make it four tonight.
Amazon Prime Video will be airing 20 Premier League matches live this December!
Could Leeds United's Ryan Edmondson get a major promotion in the trip to Arsenal next month?
Winston Reid has had a seriously difficult time with injuries at West Ham United in recent times.
Leeds United and West Bromwich Albion have been the two standout teams in the Championship this season far as Elland Road legend Eddie Gray gives his thoughts.
Bridgewater's Pure Alpha fund finished the year returning 14.6 percent net of fees, a person with knowledge of the matter said.
John McCormick, president and chief executive officer of Blackstone Group LP’s $80 billion hedge fund business, says the firm is looking to back fewer managers next year as the industry continues to face market turbulence.
This time last year, bitcoin was cruising to $20,000. Fast forward 12 months, and bitcoin is trading around $3,300 while other cryptocurrencies have reversed course, weighing heavily on investor confidence and the industry.