Markets

The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows

Hedge funds enjoyed strong gains in 2020 as risk markets swiftly rebounded on recovery hopes and unprecedented stimulus. The average fund returned 12.3% in 2020, the largest annual return since 2009, according to analytics firm HFM. The hedge-fund industry’s assets under management ballooned 7.7% to a record $US3.5 trillion. Sign […]
The hedge fund industry raked in 12.3% last year, its largest annual return since 2009, as markets bounced back from coronavirus lows
Markets

An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said

Coatue Management scored a 52% gain this year by betting on Tesla and against German fintech Wirecard, the Financial Times reported. The $US11 billion tech-focused hedge fund is run by “Tiger cub” Philippe Laffont, who previously worked at billionaire Julian Robertson’s Tiger Management. Coatue held 3.1 million Tesla shares at […]
An $11 billion tech-focused hedge fund scored a 52% gain by betting on Tesla and against scandal-ridden Wirecard this year, a report said
Markets

Papa John’s is hoping to bring back Papa John

Papa John’s is hoping to bring back founder John Schnatter, CEO Steve Ritchie told CNBC on Tuesday. Schnatter resigned as chairman in July 2018 after he used a racial slur on a media training conference call. On Monday, the company announced a $US200 million investment from a hedge fund. Schnatter […]
Papa John’s is hoping to bring back Papa John