NEW YORK—Billionaire investor George Soros bought nearly 20 million shares of electric truck startup Rivian Automotive Inc. in the quarter ended Dec. 31, securities filings showed Friday. The 19,835,761 shares, worth about $2 billion at the time, makes Soros Fund Management among the most prominent investors in a company that has yet to produce a…
Top Hedge Funds Earn Record $65.4 Billion for Clients in 2021: LCH Data
BOSTON—The world’s 20 best-performing hedge funds earned $65.4 billion for clients in 2021, setting a new record as stock markets marched higher despite rising prices and coronavirus cases, LCH Investments data show. As a group, the most successful managers earned more than one third of the $176 billion that all hedge funds made last year,…
Global Equity Funds Lure Big Inflows as Omicron Fears Ease: Lipper
Global equity funds drew massive inflows for a second week in the seven days to Dec. 29 as investors welcomed signs that the economic impact from the spread of the Omicron COVID-19 variant would not be as significant as feared. The funds pulled in $30.08 billion in net buying, compared with purchases of $35.83 billion…
Global Equity Funds See Big Inflows as Risk Appetite Rebounds
Global equity funds saw massive inflows as risk sentiment returned with investors believing that the Omicron variant won’t bring a big setback to the world economy next year. According to Refinitiv data, investors purchased $33 billion worth of global equity funds in the week ending Dec. 22, compared with an outflow of $13.1 billion in…
Hedge Funds’ November Performance Worst Since March 2020: HFR
December 8, 2021
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LONDON—Hedge funds posted their worst performance in 20 months in November, after a global market selloff sparked by concerns over the Omicron COVID-19 variant, according to data from HedgeFund Research. Financial markets went into a tailspin in the final week of November with U.S. stocks losing nearly 4 percent in the last five trading sessions…
US Equity Funds Face Outflows on Growth Concerns: Lipper
U.S. equity funds faced an outflow in the week to Sept. 8, on concerns the spread of the Delta coronavirus variant could slow economic growth and uncertainty over the timeline for the Federal Reserve to pull back its accommodative policies. Data from Lipper showed U.S. equity funds faced an outflow of $1.85 billion in the…
Biden Allocates $46 Million for ‘Unexpected Urgent Refugee and Migration Needs’
The White House has announced that President Joe Biden has earmarked $46 million to meet the “unexpected urgent” needs of “vulnerable refugees and migrants in Central America and third countries in the region.” A portion of the funds will be channeled to international organizations by the U.S. State Department’s Bureau of Population, Refugees, and Migration,…
Iran Frees South Korean Ship It Held Amid Dispute Over Funds
DUBAI, United Arab Emirates—A South Korean oil tanker held for months by Iran amid a dispute over billions of dollars seized by Seoul was freed and sailed away early Friday, just hours ahead of further talks between Tehran and world powers over its tattered nuclear deal. MarineTraffic.com data showed the MT Hankuk Chemi leaving Bandar…
China in Focus (Feb. 19): U.S. Treasury Sec: Tariffs on China Will Stay
The Treasury secretary says the U.S. will keep tariffs on Chinese goods in place, for now. Senator Cotton calls for targeted decoupling with Communist China —saying the U.S. is once again at a crossroads of her destiny. Washington has an ace up its sleeve that could be used against Beijing. Without it, Chinese airplanes can’t…
China in Focus (Feb. 19): US Treasury Secretary Says Tariffs on China Will Remain
Treasury Secretary Janet Yellen said that U.S. tariffs on Chinese goods will remain in place for now. Sen. Tom Cotton (R-Ark.) is calling for the targeted decoupling with communist China, saying the United States is once again at a crossroads of her destiny. Washington has an ace up its sleeve that could be used against…
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