Tue, Mar 19, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Politics, prognostications on display at SALT

Thursday, May 12, 2016

Bailey McCann, Opalesque New York:

Hedge funds have had a rough year, which may explain why managers at the Skybridge Alternatives Conference currently underway in Las Vegas, Nevada were a little more focused on the upcoming election than their next big idea. Skybridge's annual hedge fund confab brought together a roster of big names inside the industry and out, and many of them were focused on Donald Trump.

Skybridge founder Anthony Scaramucci recently announced he was getting behind the presumptive Republican nominee after previously backing Jeb Bush and the conference involved a hefty amount of fundraising work for the nominee. T. Boone Pickens, who spoke early in the first day on a panel with Sam Zell said that he was was falling inline behind Trump noting that he supported Trump's immigration policy and liked that he wasn't a politician.

"He's been a success personally. So you judge the tracker by his pelts," Pickens told reporters in a Q&A after his panel. Pickens and others at the event who have lined up behind Trump spent part of their time yesterday raising money from their peers.

Other speakers took a more traditional conference approach and used panels to discuss their views of the market and best investment ideas, while also acknowledging the rough period for hedge fund performance. "I question whether the hedge fund structure is the right structure for today," said Omega Advisors' Leon Cooperman. "I'm a stock picker and it......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1