Keine Angst vom "schwarzen Schwan": Corona-Börsen: Ruhig bleiben und zukaufen, statt dem h (Seite 5) | Diskussion im Forum

[faultcode]

Antwort auf Beitrag Nr.: 62.799.149 von faultcode am 26.02.20 20:19:42

siehe oben: ich bin alt genug mich noch daran zu erinnern, daß sowas schon mal schiefgegangen ist

<aber pssst: es ist ja heute wie damals (meist) nur das Geld anderer Leute>


23.6.
Bridgewater Doubles Short Wagers in Europe to $10.5 Billion
https://ca.finance.yahoo.com/news/bridgewater-doubles-bet-ag…
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Ray Dalio’s Bridgewater Associates has built a $10.5 billion bet against European companies, almost doubling its wager in the past week to its most bearish stance against the region’s stocks in two years.

The world’s biggest hedge fund firm disclosed short bets against 28 companies that include individual wagers of more than $500 million against ASML Holding NV, TotalEnergies SE, Sanofi and SAP SE, according to data compiled by Bloomberg. The total bet is up from $5.7 billion against 18 firms last week, the data shows.

All the companies that Bridgewater is shorting are part of the Euro Stoxx 50 index. The move comes as Euro-area economic expansion slows sharply amid surging prices. An indicator for economic activity by S&P Global fell to a 16-month low in June, driven by rampant inflation, concerns over energy and rising borrowing costs.

Short sellers try to profit from declining stock prices by selling borrowed shares and buying them back when they fall. They are mounting their bets at a time of rising interest rates and inflation that are increasing the chances of recession. It’s not clear whether Bridgewater’s bets are aimed at pure profit or part of a broader hedging strategy.

In a Bloomberg TV interview last week, Greg Jensen, the co-chief investment officer of the firm, said the sell-off in stocks was still small as compared to the rally they had seen over the last decade and that bigger moves in Europe and the US was still possible. He declined to comment on Bridgewater’s European bets.

The current wagers are the highest since the firm built a $14 billion position against European companies in 2020 and before that, a $22 billion bet in 2018. The total may be even greater since hedge funds are only required to disclose their biggest bets.
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[faultcode]

Antwort auf Beitrag Nr.: 71.607.714 von faultcode am 19.05.22 00:18:35

"capping the size of the fund"

ein Wort dazu: SIZE MATTERS!

das kam offensichtlich schon zu spät:

Plotkin laid out a plan last month to overhaul Melvin by capping the size of the fund at about $5 billion -- at the time it was $8.7 billion -- and he told investors he wouldn’t allow it to expand above $7 billion until at least June 2027.

Feb 10, 2021
The fund began this year with $12.5 billion in assets under management,... (AUM)
https://markets.businessinsider.com/news/stocks/melvin-capit…

Ich nehme einfach mal an, daß das um das Top herum war beim AUM, obwohl ich auch andere Zahlen dazu gelesen habe.

Irgendwann ist man - nach einer jahrelangen Welle des gehebelten Erfolgs - zu groß in dem Sinne, daß man sich laufend - egal ob long oder short - in "Crowded positions" wiederfindet und damit nur noch schwer ein Alpha (difference between a stock’s return and the market’s return) zu erreichen ist.

=> kommen dann noch persönliche Fehlannahmen und damit Fehlentscheidungen hinzu, war's das mit irgendwelchen Überrenditen und "der Markt korrigiert" diese wieder auf Normalmaß zurück - minus der eigenen Kosten

[faultcode]

Zitat von faultcode: Gabe Plotkin hört auf

18.5.
Gabe Plotkin’s Melvin Capital to Wind Down After Losses
https://finance.yahoo.com/news/gabe-plotkin-melvin-capital-w…
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Gabe Plotkin plans to wind down Melvin Capital Management after suffering billions of dollars of losses and angering investors with a botched plan to reboot the firm.
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[faultcode]

23.2.
Hedge Funds Slash Tech in Pivot to Other Strategies, Goldman Report Says
https://finance.yahoo.com/news/hedge-funds-slash-tech-pivot-…
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U.S. hedge funds have been slashing positions in technology stocks, and started 2022 more tilted toward cheaper shares than at any time in over a decade, according to Goldman Sachs Group Inc.
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The analysis looked at 13F filings for 788 hedge funds, released on Feb. 15. It showed that while the so-called “FAAMG” group of S&P 500 tech giants including Apple Inc. and Microsoft Corp. still rank as the most popular long positions, hedge funds continued to rotate their portfolios from growth into so-called value shares.
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Contributing to the losses was a ‘VIP list’ of 50 stocks that appear most often in the top 10 holdings of fundamental hedge funds, which has lagged the benchmark by 21 percentage points during the last 12 months. That’s the worst performance in the 20-year history of the basket, which includes Facebook parent Meta Platforms Inc. and Netflix Inc.
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"so-called value shares"

[faultcode]

12,1.
Quant Hedge Fund Solaise to Shutter After 11 Years of Trading
https://finance.yahoo.com/news/quant-hedge-fund-solaise-shut…
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Quantitative investing firm Solaise Capital Management is closing down after 11 years following a decline in assets amid poor performance.

The London-based hedge fund firm’s Solaise Systematic Program was up 5.5% in 2021 and had lost 13% the year before, trailing peers over the period, according to an investor letter seen by Bloomberg. The fund was left with assets of just $51 million.

“It has been a tough environment for futures traders and our absolute returns have not been as we would have hoped,” Ali Nejjar, founding partner and chairman of the firm, said in the letter. “We have thus decided to call a halt.”

James Walker, a managing partner at the firm, confirmed the decision and said that while they continued to believe in the power of their trading system, asset levels were insufficient to support the business. The firm managed more than $400 million at its peak in 2015, he said.

Smaller funds are finding it increasingly difficult to remain in business as costs rise and investors migrate to bigger investment firms. More than 400 hedge funds shuttered during the first three quarters of last year, according to data compiled by Hedge Fund Research Inc.
...

[faultcode]

15.12.
Anchorage Capital Is Closing $7.4 Billion Flagship Hedge Fund
Letter to investors reports closing of Anchorage Capital Partners and eventual return of money to clients
https://www.wsj.com/articles/anchorage-capital-closing-7-4-b…
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Anchorage Capital Group, one of the biggest hedge-fund investors in distressed debt, is closing its flagship fund after 18 years and returning the $7.4 billion it manages to clients, citing a market environment in which cheap money has helped keep stock and bond prices elevated while suppressing corporate defaults.
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[faultcode]

9.12.
JPMorgan Offers Hedge Funds a Way to Dodge Meme Stock Shocks
https://www.bnnbloomberg.ca/jpmorgan-offers-hedge-funds-a-wa…
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JPMorgan Chase & Co. is testing a product to guard big-ticket clients from losses linked to the meme stock phenomenon that has captivated Wall Street this year.

Around 30 asset managers and quant fund managers have been trying out the “through the retail lens” product since September, the bank said. It’s a response to the surprise that hammered investment professionals in January when day traders rushed in to buy stocks, sending the share price of firms including GameStop Corp. and AMC Entertainment Holdings Inc. soaring.

The screening tool is a dataset on U.S. retail investor trends sold to institutional clients. It provides predicted retail flows, significant buy or sell signals on single stocks, negative or positive sentiment based on the bank’s internal data and scouring of social media forums, such as Reddit or Twitter.

“If you don’t have a clear view of what retail is up to, it feels like you’re driving partially blind,” said JPMorgan’s Chris Berthe, global co-head of cash equities trading, by phone. The lens is also serving as a guide to JPMorgan’s own traders.

The focus isn’t just on meme stocks: During the Black Friday selloff, retail investors were big buyers and that’s the kind of signal billion-plus dollar funds actively seek, he said. “That was a real source of interest for our clients.”

Until recently, so-called retail traders were seen as small-time players dabbling in stock markets. But Covid-led lockdown boredom and the rise of zero-commission trading now means amateur investors make up 20% to 30% of trading volume in the U.S., according to JPMorgan.
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[faultcode]

6.12.
Billionaire Chris Rokos Hedge Fund Breaks Five-Month Losing Streak
https://finance.yahoo.com/news/billionaire-chris-rokos-hedge…

Chris Rokos’s hedge fund gained about 1.5% last month, ending five months of losses for the billionaire macro trader.

The hedge fund, which manages about $12 billion, is still down 25% this year, according to a person with knowledge of the matter who asked not to be identified because the information is private.

A spokesman for the London-based money manager declined to comment.
...
verständlich

wie gesagt S&P 500 total return bislang in 2021 > 20%


...
Rokos fell about 18% in October in his biggest-ever monthly decline since he started trading for his own hedge fund firm in 2015. It is heading for a record year of losses after returning 44% in 2020. Macro hedge funds tracked by Bloomberg were up an average of almost 8% in the first 10 months of this year.
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[faultcode]

2.12.
Alphadyne’s Hedge Fund Loss Widens to 22% After November Rout
https://finance.yahoo.com/news/alphadyne-hedge-fund-loss-wid…
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Alphadyne’s macro hedge fund tumbled 6.4% in November, extending its decline for the year to 22%, according to a person with knowledge of the matter, who didn’t elaborate on what trades contributed to the losses. The fund logged a similar drop in October, when its macro and relative value trades backfired amid volatility in the interest rates market.
...

Alphadyne was founded by former JPMorgan Chase & Co. colleagues Philippe Khuong-Huu and Bart Broadman. The Alphadyne International Master Fund hasn’t recorded an annual loss since its 2006 debut.

The firm managed $10.2 billion at the start of last month, down from about $12 billion earlier in the year.

[faultcode]

13.10.
Man Group Gets $5.3 Billion to Lift Assets to Another Record
https://finance.yahoo.com/news/man-group-pulls-5-3-062226946…
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Man Group Plc pulled in $5.3 billion in new cash during third quarter, the highest for any quarter in at least a decade, showing the rising interest in the hedge fund industry. Its shares rose.

The world’s largest publicly traded hedge fund firm said assets hit yet another record of $139.5 billion, thanks mainly to inflows into its alternative funds and $400 million in performance gains. Inflows beat analyst forecasts.

“We see positive momentum continuing into the fourth quarter, with a high level of client engagement on a number of larger institutional mandates across our systematic long-only and multi-manager strategies,” Chief Executive Officer Luke Ellis said in a statement on Wednesday.
...