• What hedge funds really think about SPACs: How a money-printing frenzy could end in tears for whoever's holding the bag

    1 month ago - By Business Insider

    Summary List Placement Hedge funds have been big winners in the blank-check-company mania that's gripped markets over the past year - to the point that some industry veterans are wary of what they're seeing.
    A seemingly endless stream of splashy blank-check company launches has spurred constant speculation about which companies they will take public. Many have gotten caught up in the hype.
    "The greedy part of me would love" to launch a special-purpose acquisition company, said Adam Cohen, who runs the credit-focused hedge fund Caspian Capital. "The moral and ethical part of me doesn't want...
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  • Value stocks will continue to beat growth even after record outperformance in February, Bank of America says

    Value stocks will continue to beat growth even after record outperformance in February, Bank of America says

    1 month ago - By Business Insider

    Summary List Placement
    Value stocks outperformed growth stocks by the largest margin since 2001 in February, according to Bank of America.
    The firm says rising rates triggered the value rotation, but the profit cycle and valuations could continue to drive outperformance.
    Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
    After stellar outperformance in February, value stocks could continue to beat growth stocks, according to Bank of America.
    In a note on Monday, strategists noted the Russell 1000 Value Index outperformed the Growth Index by six percentage points in...
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  • Man Group, the world's largest publicly-listed hedge fund, built a system to analyze daily stock-trading posts on Reddit

    Man Group, the world's largest publicly-listed hedge fund, built a system to analyze daily stock-trading posts on Reddit

    1 month ago - By Business Insider

    Summary List Placement Man Group CEO Luke Ellis said his hedge fund has built a system that tracks popular topics on Reddit's Wall StreetBets, the forum behind the GameStop saga in January.
    During an analyst call, Ellis said that managers of Man Group, the world's largest publicly-listed hedge fund, will be receiving daily reports detailing the trending names or companies being mentioned on the subreddit, according to Bloomberg .
    The report is meant to showcase the ability of the firm, known for its quantitative analysis, to use "technology to address investment problems that humans alone...
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