Stephen Taub

1 week ago | institutionalinvestor.com | Stephen Taub |John Crabb |James Comtois

So much for being uncorrelated to the stock market. Commodity trading advisors, also known as managed futures, mostly posted losses in March amid the global sell-off in stocks. This is not supposed to happen. Several funds have stayed in the black for the year, but many fell more than the stock market.

1 week ago | institutionalinvestor.com | Stephen Taub |John Crabb |Michelle Celarier

It is another nightmare year for Casdin Capital. The life sciences hedge fund was down 32 percent in the first quarter alone in a generally rough period for much of the sector. As a result, 2025 could be Casdin’s third disastrous year in the past five, making it nearly impossible to predict when or if the firm will ever hit its high-water mark.

2 weeks ago | institutionalinvestor.com | Stephen Taub |John Crabb

Robert Citrone is bracing for a recession. The Tiger Cub and founder of Discovery Capital Management expects negative economic growth in the first half of the year thanks in large part to uncertainty surrounding President Trump’s tariffs. But it won’t be nearly as bad, he said, as many anticipate. What’s more, he believes there will be a strong recovery afterward.

2 weeks ago | institutionalinvestor.com | Stephen Taub

Hedge funds and those with venture capital arms continue to mostly shun the private markets. Several firms known for being active in VC showed a slight uptick in transactions in the first quarter, but the volume of deals pales compared with the frenzied activity of a few years ago, according to data tracked by Crunchbase. Others chose to sit out the quarter altogether. And given the stock market’s current tariff-induced free fall, the VC market is not likely to improve anytime soon.

2 weeks ago | institutionalinvestor.com | Stephen Taub

Third Point was solidly in the red for the first quarter after suffering a 3.9 percent loss in March, according to its latest monthly report, seen by Institutional Investor. The hedge fund headed by Dan Loeb was down 3.2 percent for the first three months of the year, the report says.