Amazon workers in Minnesota and Germany are striking as Prime Day kicks off, in a stand against working conditions and wage practices. The action in Minnesota represents the...Retailread more
Treasury Secretary Steven Mnuchin is raising red flags ahead of Facebook's proposed cryptocurrency launch.Marketsread more
Epstein is accused of sexually exploiting dozens of underage girls from 2002 through 2005 at his New York and Florida residences. He is a former friend of Presidents Donald...Politicsread more
When you think of Prime Day, you might be thinking about deals on Instant Pots and Amazon Echo devices — not half-off dresses and designer heels. But the market for apparel...Retailread more
David Marcus, the head of Facebook's digital currency project, said the company expects Libra will drive more advertising revenue for the company.Technologyread more
Some White House officials expect the Cabinet secretary, who has known the president for years, to depart as soon as this summer.Politicsread more
Boeing met with aircraft leasing firms and financiers in New York as the grounding of its popular 737 Max planes drags on with no clear timeline for getting the planes back in...Aerospace & Defenseread more
Both companies report earnings on Aug. 8, so the CBS and Viacom boards have set that as a natural deadline to agree to a merger. Price won't be discussed by the companies...Technologyread more
The Food and Drug Administration "stands ready" to start reviewing e-cigarettes amid a teen vaping "epidemic," acting Commissioner Ned Sharpless said Monday in a statement.Health and Scienceread more
US oil companies on Monday began restoring some of the more than nearly 74% production shut at U.S. Gulf of Mexico platforms ahead of Hurricane Barry, the US offshore drilling...Energyread more
The Guggenheim CIO says he had been approached by the White House about possibly joining the Federal Reserve.The Fedread more
While a 4 percent loss in 2018 is mediocre, it was the first time hedge funds beat the in a decade.
Hedge funds narrowly outperformed the market last year, posting a 4.07 percent annual loss versus the S&P's 4.38 percent retreat including dividends, according to data from Hedge Fund Research and analysis from CNBC's Leslie Picker. The last time the group beat the market was in 2008 during the financial crisis.
Hedge funds held up relatively well in December amid the stock market's worst month since the Great Depression. They fell 1.97 percent in the volatile month versus the S&P 500's 9 percent sell-off, according to HFR.
Defensive macro hedge funds and quantitative, trend-following CTA strategies even posted gains during that month.
One of the stellar performers was the world's largest hedge fund, Bridgewater. The firm's flagship Pure Alpha fund finished the year with a gain of 14.6 percent net of fees. Renaissance Technologies' RIDGE Fund gained more than 10 percent last year, while its equities fund surged 8.5 percent.
There were also big losers. All-star manager David Einhorn just ended his worst year since he founded Greenlight Capital in 1996, with his main fund bleeding 34 percent. Another billionaire manager who struggled big time in 2018 was Dan Loeb — his firm Third Point lost about 6 percent in December alone, bringing its yearly loss to about 11 percent.
— CNBC's Leslie Picker contributed reporting.