It was the third trigger of the recession indicator in less than two weeks.Bondsread more
U.S. manufacturer growth slowed to the lowest level in almost 10 years in August, the latest sign that the trade war may be exacerbating the economic slowdown.Marketsread more
Philadelphia Fed President Patrick Harker said he doesn't see the case for additional stimulus after the Federal Reserve's July rate cut.The Fedread more
Stocks fell as fears of an economic recession built up ahead of a key speech from Federal Reserve Chairman Jerome Powell.US Marketsread more
"My sense was we've added accommodation, and it wasn't required in my view," George tells CNBC's Steve Liesman.Investingread more
Former Prudent Bear Fund manager David Tice is urging investors to brace for a massive downturn.Trading Nationread more
German Chancellor Angela Merkel said a solution to the Irish "backstop" is possible before the October 31 Brexit deadline.Europe Economyread more
Apple plans to unveil three new iPhones in September, including two new "Pro" models and a successor to the iPhone XR, Bloomberg reported Thursday.Technologyread more
A ruling against J&J could mean more big payouts in similar cases across the country.Health and Scienceread more
While Volkswagen may not want to invest in Tesla, the U.S. carmaker has been scouting locations in Europe for a new Gigafactory there.Autosread more
Corporate profits posted modest growth in the second quarter as companies brace for slowing global growth.Retailread more
In the hedge fund industry, much of the attention is given to big names such as David Einhorn and Bill Ackman, but some smaller, lesser-known fund managers have been better at picking stocks over the years. Here's what they are betting on next.
CNBC used Symmetric.io, a hedge-fund tracking firm, to find the best under-the-radar managers and which stocks they recently bought based on regulatory filings.
Symmetric.io grades the stock-picking ability of nearly 1,000 hedge funds in its database with a proprietary indicator of performance called StockAlpha. It is derived by comparing the performance of equities in the fund with that of a sector exchange-traded fund.
Aisling Capital, First Light Asset Management, Goodnow Investment Group are among the top stock-picking hedge funds with a track record of beating the market over the last three years. These hidden gems are mostly run by managers who are not household names.
Four times a year, hedge funds file their long positions with the Securities and Exchange Commission, and the information is released to the public 45 days after each quarter ends.
Here are the top hedge funds' new positions based on these fourth-quarter filings.
Aisling Capital is concentrated in healthcare and more than 80 percent of its investment has been in Loxo Oncology, a Stamford, CT-based cancer medicine developer, which soared 66 percent in 2018 and landed an $8 billion acquisition bid from Eli Lilly in January.
The winning hedge fund Aisling Capital is up a whopping 56.6 percent year to date, after returning 34.8 percent in 2018. First Light Asset Management gained 41.7 percent last year and is up 20 percent so far this year.
Hedge funds overall are having a strong comeback in 2019, posting a 3.5 percent return in January, the best monthly performance since September 2010, according to Hedge Fund Research.