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Hedge funds

Yesterday

Citadel Advisors founder and CEO Ken Griffin.

Citadel’s Ken Griffin ‘very anxious’ about Trump tariffs

The billionaire hedge fund titan said protectionist policies were a “slippery slope” but that America was back to the “business of business”.

  • Nishant Kumar

This Month

Richard Coppleson of Bell Potter Securities in Sydney.

The world according to Coppo and why he thinks MinRes is a ‘screamer’

The sharemarket veteran talks the best and worst calls of his career, what he’s been buying and selling, and where to next for the ASX mining giants.

  • Updated
  • Sarah Jones
Chris Kourtis, of Ellerston Capital, says things will improve at embattled fund manager Perpetual.

Eleven stock tips from Sohn to get you through 2025

Presenting in Adelaide on Friday, top investors pitched their ideas for how to make big returns from the sharemarket over the next 12 months.

  • Joshua Peach, Jonathan Shapiro and Daniel Arbon
Happy days for Elon Musk after the surge in Tesla shares made him $US50 billion richer.

Hedge funds shorting Tesla just lost almost $8b

It’s been a painful time for those betting against the carmaker and Elon Musk with the stock rallying 30 per cent since Donald Trump’s election victory.

  • Ishika Mookerjee
Sigma Healthcare’s deal to buy Chemist Warehouse will have index funds chasing a small pile of stock.

Chemist Warehouse/Sigma squeeze spicier than a Guzman y Gomez burrito

Hold on to your hats! Chemist Warehouse’s arrival on the bourse serves as a case study in the dark arts of index inclusion.

  • Anthony Macdonald
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Andrew Formica, the chairman of Magellan.

Magellan paid up big for its Vinva acquisition, accounts show

Financial year 2024 accounts show Magellan paid a punchy multiple for its $138.5 million global equity acquisition.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Regal co-founds Phil King says the ‘passive bubble has popped’ and is betting on a rebound in small caps.

Is an ASX small-cap bull run upon us? Phil King thinks so

The Regal Partners CIO is one of several fund managers betting the “passive bubble” driving large-cap shares higher this year may finally have popped.

  • Joshua Peach

A hedge fund manager’s four tips for avoiding death by shorting

“Stocks that are 80 or 90 per cent down, they can get just a little bit of good news and then double,” Plato’s David Allen warns hedge fund hopefuls.

  • Joshua Peach
Louise Mylott, Morgan Stanley’s head of equities, says it’s the buy side that keeps the lights on when times are tough.

The demise of the sell side has been greatly exaggerated

The sell side has felt the pain of falling fees for years. Now it’s their fund manager clients who are feeling the squeeze.

  • Jonathan Shapiro
Crispin Odey, the founder of OAM.

UK watchdog plans action against Crispin Odey over sexual misconduct

Hedge fund boss Crispin Odey was the subject of a series of assault claims in 2023 that plunged the firm he founded into turmoil.

  • Leonard Kehnscherper

October

Under pressure: Chris Ellison’s MinRes is among the largest positions in L1’s Long-Short Fund.

Hedge fund L1 buys up Mineral Resources during the scandal sell-off

The investor lifted its stake in the troubled miner to 6.5 per cent in the same week that fellow shareholder AustralianSuper sold down its position.

  • Alex Gluyas
Strategies ran by John Deniz, Jeremy Bendeich, James McDonald topped returns in the third qaurter.

These stock pickers are beating the investment behemoths

Boutique funds have come out on top for returns in the third quarter, posting gains up to 40 per cent as rate relief and China stimulus sent stocks soaring.

  • Joshua Peach
Beeneet Kothari is ready to shock the Sohn Hearts & Minds event.

Why this fundie wants you to ‘wince’ at his stock picks

Beeneet Kothari of Tekne Capital Management says the best investments are made when you’re uncomfortable. He’s about to prove just that at Sohn Hearts & Minds next month. 

  • James Thomson
Deepan Pavendranathan.

Inside the trade that put Regal in South Korea’s crosshairs

New details surrounding a block trade in semiconductor giant SK Hynix allow a glimpse into the high-risk, high-reward tactics beneath a mysterious strategy.

  • Updated
  • Joshua Peach
Phil King’s Regal Funds Management has been indicted over alleged breaches of South Korea’s short-selling laws.

Phil King’s Regal Funds indicted in South Korean crackdown

In April, the firm had moved to appeal a $347,000 penalty imposed by South Korea’s financial authorities over alleged breaches of short-selling laws.

  • Joshua Peach
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Cliff Asness says markets are getting less efficient.

Wall Street icon Cliff Asness says investors must change one key thing

The billionaire co-founder of US financial giant AQR says markets have become less efficient, but that could help rational investors. 

  • James Thomson
Bronte Capital’s John Hempton.

Bronte Capital’s John Hempton rethinks hedge fund after horror month

The high-profile short seller says his firm is “not built for markets like this” after a bull run sent the firm to its worst return in more than two years.

  • Joshua Peach
GCQ’s new hire Andrew Vass is a seasoned cross-asset sales and trading specialist.

Goldman Sachs trading veteran jumps to the buy side

Street Talk understands cross asset specialist Andrew Vass will get his feet under the desk at GCQ next Monday.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Ray Dalio and Jamie Dimon are in agreement on the risk to interest rates, but it’s the US debt pile and geopolitics that have them particularly worried.

Dimon and Dalio look past rates to a ‘ticking time bomb’

While everyone is predicting rate cuts, Jamie Dimon and Ray Dalio remain worried that rates will need to go up and one big inflationary force keeps building.

  • Updated
  • James Thomson
More than 123,000 people flocked to Tiananmen Square in Beijing for the annual flag raising ceremony on Tuesday for National Day.

Investors scramble for China exposure ahead of key stimulus

Markets are rallying on hopes that Beijing’s top economic planner will unveil new policies on Tuesday just as China’s sharemarket reopens after the Golden Week holiday.

  • Alex Gluyas

Original URL: https://www.afr.com/topic/hedge-funds-huk