Archive for June, 2019

Bob Mercer’s Influence on Politics Wanes as New Donors Emerge

| June 5, 2019 | 0 Comments

By Gregory Zuckerman Nov. 4, 2018 12:00 p.m. ET Two years ago, hedge-fund investor Robert Mercer and his daughter Rebekah had the president’s ear. Now, on the eve of midterm elections, a different group of Wall Street executives enjoys access to the Oval Office. The Mercers are playing a less-important role backing conservative politicians, according to […]

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Jeffrey Talpins is the Hedge Fund King You’ve Never Heard Of

| June 5, 2019 | 0 Comments

By Gregory Zuckerman and Rachael Levy Dec. 2, 2018 10:24 a.m. ET Jeffrey Talpins may be the hottest investor on Wall Street. His firm, Element Capital Management, posted a gain of 26.8% through October, investors say, dwarfing the 1.86% loss suffered by the average hedge fund, according to data-tracker HFR. Element has posted average gains of nearly 21% since launching […]

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Herd-like Behavior of Computerized Traders Contributes to Market Swoon

| June 5, 2019 | 0 Comments

By Gregory Zuckerman, Rachael Levy, Nick Timiraos and Gunjan Banerji Dec. 25, 2018 7:54 p.m. ET Behind the broad, swift market slide of 2018 is an underlying new reality: Roughly 85% of all trading is on autopilot—controlled by machines, models, or passive investing formulas, creating an unprecedented trading herd that moves in unison and is blazingly fast. That […]

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Quant Pioneer Helped Jim Simons Transform Trading

| June 5, 2019 | 0 Comments

By James R. Hagerty and Gregory Zuckerman May 1, 2019 2:28 p.m. ET Elwyn Berlekamp, the son of a pastor in rural Ohio, was a grade-school pupil in the 1940s when it began to dawn on him that math was not a torment inflicted on schoolchildren. It was a game, he concluded, and also a way […]

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