Last night Alec Baldwin and his pregnant wife, Hilaria Thomas -- she’s due next week -- received dozens of well-wishers in East Hampton on the back porch of the storied Grey Gardens estate owned by Ben Bradlee and Sally Quinn.
John Hussman runs a $6.3 billion mutual fund with the flexibility to bet on rising and falling stock prices. His fees are a fraction of those charged by so- called long-short hedge funds that do the same thing, and he’s making more money for investors this year.
Appaloosa Management LP’s David Tepper, hedge fund manager Mark Kingdon and Lansdowne Partners Ltd. cut bets on Bank of America Corp. in the third quarter as Warren Buffett’s Berkshire Hathaway Inc. invested in the lender.
Hedge funds climbed 0.9 percent last month, posting their best gain since September while trailing global equities, as markets rallied in the wake of a U.S. budget agreement and correlation between stocks diminished.
Hedge funds Moore Capital Management LLC and Blue Ridge Capital LLC boosted their stakes in JPMorgan Chase & Co. in the first quarter, while Kingdon Capital Management LLC divested, before the shares plunged because of a $2 billion trading loss.