Archive for Articles

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 […]

Filed Under: Articles

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 […]

Filed Under: Articles

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 […]

Filed Under: Articles

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 […]

Filed Under: Articles

‘You Have to Stop,’ Renaissance Executive Tells Boss About Trump Support

| November 3, 2017 | 0 Comments

At some companies, a divisive presidential campaign has led to disharmony in the workplace By Gregory Zuckerman for The Wall Street Journal Feb. 23, 2017 David Magerman says he was in his home office in suburban Philadelphia earlier this month when the phone rang. His boss, hedge-fund billionaire Robert Mercer, was on the line.

Filed Under: Articles

Meet the Mercers: A Quiet Tycoon and His Daughter Become Power Brokers in Trump’s Washington

| November 3, 2017 | 0 Comments

Armed with data on an alienated electorate, a hedge-fund magnate and his family shun the GOP establishment to support the winning campaign; advising on cabinet selections By Gregory Zuckerman, Keach Hagey, Scott Patterson and Rebecca Ballhaus for The Wall Street Journal Jan. 8, 2017 In February 2014, a group of conservative political donors gathered at New York’s Pierre Hotel to […]

Filed Under: Articles

15 Years After 9/11, a Brother Confronts Grief’s Long Arc

| November 3, 2017 | 0 Comments

Harley Di Nardo had long suppressed his pain over the loss of his sister—until sorrow proved stronger By Gregory Zuckerman for The Wall Street Journal Sept. 9, 2016 The night before everything changed, Harley Di Nardo and his sister, Marisa, treated their mother to a birthday dinner at Windows on the World, the restaurant on the World […]

Filed Under: Articles

Billionaire George Soros Lost Nearly $1 Billion in Weeks After Trump Election

| November 3, 2017 | 0 Comments

Hedge-fund manager’s ex-deputy, Stanley By Gregory Zuckerman and Juliet Chung for The Wall Street Journal Jan. 13, 2017 Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election. But Stanley Druckenmiller, Mr. Soros’s former deputy who helped Mr. Soros score $1 billion of profits betting […]

Filed Under: Articles

The Quants Run Wall Street Now

| November 3, 2017 | 0 Comments

For decades, investors imagined a time when data-driven traders would dominate financial markets. That day has arrived. By Gregory Zuckerman and Bradley Hope for The Wall Street Journal May 21, 2017 Alexey Poyarkov, a former gold-medal winner of the International Mathematical Olympiad for high-school students, spent most of his early career honing algorithms at technology companies such as […]

Filed Under: Articles, Financial News

Renaissance Feud Spills Over to Hedge Fund Poker Night

| November 3, 2017 | 0 Comments

Executive David Magerman says he had hoped to repair frayed relationship with Mercers By Gregory Zuckerman for The Wall Street Journal April 28, 2017 As David Magerman counted down to April 20, a confrontation with Rebekah Mercer wasn’t on his mind. The Renaissance Technologies Corp. executive was anticipating the annual hedge-fund poker tournament that evening at […]

Filed Under: Articles