Markets News Stocks 

Bill Ackman buys protection against stock market turmoil

“Billionaire hedge-fund manager Bill Ackman revealed he bought protection against a stock market drop due to rising geopolitical risk” writes Adam Jeffery for cnbc.com. This hedge “will protect against stock market risk,” he said, specifically citing a potential conflict on the Korean peninsula.The hedge-fund manager has become embroiled in a public battle concerning his latest activist position, ADP. Ackman revealed on the call he raised an additional $500 million in a co-investment vehicle for the firm’s ADP investment. Source: cnbc.com Share This:

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News Stocks 

This fund manager finds contrarian bargains among ‘smidcaps’

“But first, does it even make sense to think that smidcap stocks can make a comeback?” writes Michael Brush for marketwatch.com. Lockridge’s fund is overweight consumer-oriented names, energy, and the basics like industrials and materials.But smidcap stocks have a higher projected annual earnings growth rate — 12.6% compared to 11%. “That alone should start attracting interest in the small caps,” says Lockridge. Source: marketwatch.com Share This:

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News 

Renaissance’s Medallion Made Stunning Shift After Trump Election

“The in-house gold mine, the wildly lucrative Medallion fund, was suddenly looking for capital” writes unknown author for bloomberg.com. The firm told staff that they would be allowed to increase their Medallion stakes by at least 50 percent.The news sent millionaires who work at the hedge fund powerhouse Renaissance Technologies searching for cash. Source: bloomberg.com Share This:

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News Oil 

Lack Of Supply Could Be Oil’s Next Big Catalyst

“But the tightening of the oil market is still proceeding, and there are some signs that the more pessimistic projections about oil prices could be overblown” reports etfdailynews.com. Nobody knows what the immediate future holds for imploding South American country, but the direction of the country’s oil production is clearly negative.Niger Delta communities have long been incensed that they see little benefit to the region’s crude oil production, a situation that shows no sign of changing.Chevron, Total and Repsol have begun to reduce their number of workers in Venezuela, although…

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News Stocks 

Top-performing hedge funds are buying these stocks

“Financials stocks were a big area of focus in the June quarter for the best stock-picking hedge funds” writes The Image Bank for cnbc.com. Big hedge fund managers such as David Einhorn and Bill Ackman get much of the attention, but some lower profile strategists are performing even better.CNBC used Symmetric.io, a hedge fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought, according to filings.Four times a year, hedge funds file their long positions with the SEC, and the information is released to the…

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News 

Amazon’s debt offering to fund Whole Foods acquisition includes 40-year bond

“Amazon.com announced Tuesday a private debt offering to fund its planned acquisition of Whole Foods Market” writes Daniel Acker for cnbc.com. On Friday, S&P Global Ratings assigned an AA- rating to the proposed debt offering.The debt is set to price later Tuesday and will be broken into seven parts ranging from three-year notes to 40-year notes, analysts said. Amazon previously issued bonds in 2012 and 2014 and has $8.75 billion in outstanding debt, according to FactSet.In an 8-K filing with the Securities and Exchange Commission in June, Amazon said it…

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A $16B hedge fund CIO gives an easy explanation of quantitative trading

“Quantitative investing is an implementation methodology more than a strategy itself and so, I would consider the two different implementation methodologies, discretionary investing or quantitative investing” writes Nathaniel Lee for businessinsider.com. Ryan Tolkin, the CIO of a $16B hedge fund Schonfeld group, helped us understand what quantitative trading actually is.And within quantitative investing, there are multiple different strategies that people can actually deploy. And so, often times, we hear about people who are running discretionary strategies who make not necessarily always the best decisions because they’ve allowed their emotion to…

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News Stocks 

Apple’s stock heads for 3rd straight gain as Tepper doubles stake, Buffett keeps large position

“Separately, billionaire George Soros’s hedge fund Soros Fund Management increased its stake in Apple to 1,700 shares from 1,400 shares” writes Reporter Editor for marketwatch.com. AAPL, +1.50% rose 0.5% in premarket trade, on track for a third-straight gain, after billionaire hedge fund manager David Tepper more than doubled his stake in the tech giant, and Warren Buffet maintained his large stake.BRK.B, +1.11% kept its Apple stake intact at 129.4 million shares, enough to make Berkshire the fifth largest shareholder.Tepper’s Appaloosa LP owned 625,000 shares of Apple as of June 30,…

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Crypto News 

Investment firm VanEck calls bitcoin a ‘fad,’ then files for bitcoin ETF

“Bitcoin and other digital currencies are a fad that has attracted the attention of programmers, speculators, and early adaptors,” Foster said” writes Evelyn Cheng for cnbc.com. “At best, digital currencies may eventually occupy some middle ground as a niche product,” he said.Many digital currency enthusiasts have called bitcoin “digital gold” and predict that a small percentage of gold’s roughly $7.5 trillion market value will flow into bitcoin, sending the digital currency’s price many multiples higher.”It is my opinion that governments will not allow digital currencies to reach the critical mass…

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