RECENT Hedge Funds RESEARCH
Billionaire investor George Soros, who said in April 2016 that gold was the only asset that could outperform in the current market environment, is now getting out of gold.
George Soros has a bearish outlook for global markets. He believes that the rally in recent years was an artificial rally boosted by persistently low interest rates.
Laurence D. Fink of BlackRock expects consolidation in the hedge fund industry. In this series, we’ll explore Fink’s reasoning and look at the industry’s performance.
In April 2016, hedge funds outperformed the CTA index. Worldwide, central banks’ dovish policy stances helped the funds to provide such returns.
David Rubenstein spoke at the SALT Conference 2016 about the global macroeconomic scenario. After the conference, he talked about the US presidential election and a rebound for crude oil.
Apple’s (AAPL) stock price rose 3.7% on May 16, 2016, after Berkshire Hathaway (BRK) stated that it has taken a new stake in the company.
Stanley Druckenmiller, chair and CEO of the Duquesne Family Office and billionaire investor, discussed his views about the current investment environment at the Sohn Investment Conference in New York.
Billionaire hedge-fund manager John Paulson is one of the best-known gold bulls in the markets. The last time Paulson cut his gold holdings was in July.
This series covers institutional investors’ activity in airline stocks in 2Q15, focusing on American Airlines Group. The majority of asset managers were net bearish on airlines.
2Q15 institutional investor filings show the vast majorty of asset managers weren’t bearish on airlines such as Southwest Airlines (LUV). Publicly traded US airline stocks have collectively lost 7.43% to date.
Delta Air Lines saw additions to or new positions in the portfolios of 360 institutional investors in 2Q15 against position decreases or liquidations from 418 asset management companies.
Most dry bulk operators have experienced share price declines in the double-digit range. Star Bulk and DryShips have lost almost 60% in value this year.
In this series, we’ll see how institutional investors have played railroads with a specific focus on Norfolk Southern (NSC). In 2Q15, institutional investors turned bearish on railroads.
Thus far in 2015, no particular transportation subindustry has been able to post gains. Shipping stocks have trailed those of peers, falling 11.35% in the last month.
Energy ETFs such as the Energy Select Sector SPDR ETF (XLE) and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP) posted weekly gains last week.
Oil tankers have outperformed shipping peers, generating in excess of 50% year-to-date on a total return, or price return plus cash returns, basis.
There was a fall of more than 25% in the net long position held in WTI crude oil for the week ended July 21, 2015.
The storage and transportation subsector within XLE rose by 0.66% during the week. Spectra Energy (SE) and Kinder Morgan (KMI) were the best and worst performers, respectively, in this subsector.
ETFs tracking the performance of the transportation sector in the US, namely the iShares Transportation Average ETF (IYT) and the SPDR Transportation ETF (XTN), rose over the last week.
According to Bloomberg, there was a 34% fall in small-cap shares over the past three months. The stocks saw a 24% fall since June 26, a series of losses over four straight weeks.