
Bradley Saacks
Hedge Fund Reporter at Business Insider
Hedge fund reporter at @businessinsider. Alum of @Semafor, @Ignites, @business, @statesman and @dailytarheel. Just one of the Saacks boys.
Articles
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2 weeks ago |
businessinsider.com | Alex Morrell |Bradley Saacks |Henry Blodget
One of the top recruiters of hedge-fund trading talent is on the move. Michael Grad, global head of business development at Bluecrest Capital, is leaving the investment firm founded by billionaire Michael Platt, according to several people familiar with the matter. Grad has been the top talent scout and an allocator at Bluecrest since 2017, when he joined from Millennium. Grad and other senior Bluecrest execs did not respond to multiple requests for comment.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
Divya Nettimi is focused on the long term. The former Viking Global star portfolio manager and founder of $1.9 billion Avala Global, Nettimi told Business Insider in an interview that "when I first look at companies, I ask myself where they'll be in 100 years."While there might be some market hiccups and sell-offs in the short term, the 39-year-old said her young firm, which began trading in October 2022, looks past volatility that's not connected to company fundamentals.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
The hedge fund talent war means profit-generating portfolio managers have more options than ever. In an industry run by savvy billionaires, rank-and-file traders have had the upper hand in recent years thanks to what Millennium founder Izzy Englander deemed a "talent bubble" in 2023.
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2 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
It appears that enough time has passed since 2022's disastrous run for hedge-fund backers to finally trust long-short equity managers again. Last quarter, stockpicking hedge funds raised a net total of $22.8 billion — the most of any strategy subset — in their first quarter without net outflows since 2022, according to a new report from Nasdaq's eVestment. The haul made up the vast majority of the $27.6 billion in net flows that came into the $5.7 trillion industry in the first quarter.
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3 weeks ago |
businessinsider.com | Michelle Abrego |Bradley Saacks |Henry Blodget
Less than half a year since President Donald Trump's inauguration, billionaire Ken Griffin was asked during a recent visit to China, "Why are you trying to be like China?"He had no good answer. The founder of the $66 billion hedge fund Citadel and its sister company, market maker Citadel Securities, Griffin is a megadonor to the Republican Party and was excited for the American economy after Trump's election. Now he's confused by the administration's actions.
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Death, taxes, and UNC hiring Skadden (great story @zeanes) https://t.co/ztB3X64TWk

Qube’s buildout continues apace

When computer-run hedge funds need the humans. via @SaacksAttack https://t.co/1FM85gCAQq

Muddy Waters has a new short: https://t.co/bKKP4umm9R