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.
Leeds United are still searching for fresh legs in the transfer market with the club reportedly linked with a move for Stoke City's Ryan Woods.
Marcelo Bielsa's Leeds United were reportedly pipped to the post by Championship rivals Bristol City for Sammie Szmodics.
Fabio Borini could reportedly return to the Premier League from AC Milan, with Aston Villa and Crystal Palace potential destinations.
Tottenham Hotspur reportedly want to sign the Roma midfielder.
Liverpool are reportedly set to step up their interest in the Lille winger.
Ben Davies is reportedly close to putting pen to paper on a new contract at Tottenham Hotspur this summer.
Liverpool have been touted to sign Fulham's wonderkid Harvey Elliott this summer.
Kemar Roofe enjoyed his best season in a Leeds United shirt last season and he will be hoping to go one better ahead of the new Championship campaign.
Manchester City midfielder Fabian Delph is reportedly on Everton’s radar.
Tottenham Hotspur reportedly want to sell the USA international.
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.