$1 Billion Crypto Hedge Fund Crashed 40% – But Still Beat Bitcoin

Crypto hedge fund traders were not immune to bitcoin’s downright frigid bear market. Just look at Polychain Capital, whose assets under management (AUM) fell to $ 591.5 million at year-end 2018, according to a regulatory filing cited in the Wall Street Journal. Investors Stay Put in Polychain Capital’s Fund The San Francisco-based crypto hedge fund boasted $ 1 billion in assets as of February 2018, which in addition to cryptocurrency included unspent cash pledged by investors and equity holdings in companies, Fortune reports. The value of Polychain’s AUM, however, tumbled nearly 40% between April and December 2018 when the bear market gripped

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Analyst: Bitcoin’s Evolving into the Stock Market Hedge Investors Crave

Bitcoin is looking a lot less like the S&P 500 every day. Good thing, too, especially considering the doom-and-gloom pessimists have been peddling about the economy and especially corporate earnings. Bitcoin’s Stock Market Correlation Plunged This Month A Fundstrat report reveals that bitcoin’s correlation to the S&P 500 took a nose dive in April, even as the price of the leading cryptocurrency has returned to bullish territory. This means that the dynamic between bitcoin and the stock market is increasingly an inverse one — when stocks go down, the price of bitcoin goes up. Given the nascent nature of the

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2019 Dow Doom Will Slam Stocks, not ‘Awesome’ Bitcoin: Hedge Fund Manager

It’s a perfect storm for the U.S. economy, one that won’t end well for the Dow Jones Industrial Average. Mark Yusko, Morgan Creek Capital Management CEO and CIO, painted a grim picture for the foreseeable future, advising investors to run as fast as they could away from U.S. equities. In a webinar entitled “You Ain’t Seen Nothing Yet, Why the Equity Bear Market Is Just the Beginning,” the investment advisor rattled off a laundry list of headwinds threatening the economy and corporate America. In addition to running a global equity long/short portfolio, Morgan Creek, which reportedly boasts more than $ 1

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While Dow Surges, Hedge Funds Underperform by Ridiculous Margin

Hedge fund managers had a miserable time in 2018. Just four months into 2019, things aren’t looking much better, even as the Dow Jones Industrial Average (DJIA) pounds toward a new all-time high. Lousy fund performances should make investors wonder if they should steer clear of hedge funds, whose “expert” analysts and stock-pickers claim the ability to beat maximize returns but have been exposed as no better at forecasting the market than anyone else. 2018 and 2019 Put Hedge Fund Reliability in Question Hedge funds haven’t just underperformed when the market is booming. 2018 wasn’t exactly a banner year either,

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Bitcoin Is a Hedge Against ‘Irresponsible’ Federal Reserve: Asset Manager

As the bitcoin price recovers following a catastrophic bear market, crypto bulls are optimistic that good times lie ahead. Moreover, they predict that the public’s embrace of bitcoin will strengthen over time as they lose faith in the Federal Reserve for its “irresponsible” fiscal policies. Travis Kling is the founder and chief investment officer of Ikigai Asset Management. He says the Fed’s recent manipulation of interest rates has caused many people to lose faith in central banks. Kling: Bitcoin Price Rally Was a Reaction to the Fed In fact, Kling believes the recent bitcoin price spike was caused by growing

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Short the Dow for 2019’s Coming Recession, Says Top Hedge Fund

The Dow Jones is set for an epic collapse, plunging the US into a recession as early as this year, according to Crescat Capital. The hedge fund, which consistently outperforms the market, is loading up on short positions on global stocks and shifting assets into gold in anticipation of a stock market meltdown. It comes less than a day after Nobel Prize winner Robert Shiller said a recession is likely in the next 18 months. The bears are circling, and the stock market is on thin ice. As CCN recently reported, US stocks are highly over-priced and due for a

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10-Year Dow Surge Kills Hedge Funds – Why Traders May Get Last Laugh

Index funds are squashing hedge fund managers in the US stock market. No matter which way you look at it, the decade-long bull markets in the Dow Jones, Nasdaq, and S&P 500 have smoked the “smartest guys in the room.” Who’s to blame for this? Well, as you might have guessed its probably the Federal Reserve. As they pump markets with an artificial stimulus, designed to force cash out of bank accounts and into higher-yielding, riskier assets, stocks are the only game in town. Stock Market Investing Was Revolutionized By Indexes like the Dow Jones and S&P 500 But wait,

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OxyContin-Stained Sackler Fortune Too Toxic for This Woke Hedge Fund

Under fire for fueling the opioid crisis, the billionaire family that controls OxyContin maker Purdue Pharma LP has been booted from a large hedge fund, the Wall Street Journal reports. Hildene Capital Dumps Family Behind OxyContin Fortune Last year, Hildene Capital Management, which manages some $ 10 billion in client assets, notified Sackler family investment entities that it would no longer handle their money. This overture of socially responsible hedge funding was inspired by an opioid-related tragedy that deeply affected several Hildene employees. Hildene fund manager Brett Jefferson told the Journal: “An opioid-related tragedy affected someone with a personal relationship to

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Top 10 Stocks US Hedge Funds Absolutely Love in 2019

Top hedge fund managers weren’t scared away from the popular FAANG stocks during a dreadful Q4 for the U.S. stock market. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX), and Alphabet (GOOGL) are among the 20 stocks most favored by a select group of over 400 large hedge funds analyzed by WalletHub. Apple, Amazon, and Alphabet are in the top five on WalletHub’s list for the second straight quarter. All three stocks have gains of at least 400% over the past decade. Facebook jumps into the top 5 after Mark Zuckerberg’s company fell short in Q3 amid ongoing privacy concerns.

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