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5 Best Insurance Stocks to Buy Now
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Billionaire Andreas Halvorsen’s Top 10 Stock Picks
The billionaire Andreas Halvorsen’s Viking Global Investors LP has beaten the broader market index in 2020 by returning 25% after management and performance fees. This is not the first time the Greenwich-based hedge fund has topped the market indices. Between 1999 to 2009, Viking Global’s Equities III fund has generated average returns of 22%. Moreover, its returns stood around 119% between June 2005 and March 2010, outperforming the MSCI World Index return of 11%.
Viking Global hedge fund has also seen several down years. For instance, the fund lost 4% net of fees in 2016 mainly due to bets on pharmaceutical stocks.
Synopsis
After years of being outgunned and outclassed by computer-driven quantitative strategies, human stock-pickers climbed back on top in 2020.
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At the same time, macro managers, many of whom have complained about years of low volatility, finally got what they wanted.
By Hema Parmar, Katherine Burton and Nishant Kumar
Turns out, the hedge fund industry’s swashbucklers haven’t been made obsolete by the machines just yet.
After years of being outgunned and outclassed by computer-driven quantitative strategies, human stock-pickers climbed back on top in 2020. The dizzying gyrations of the pandemic-stricken year humbled even the most sophisticated of quants notably behemoths Renaissance Technologies and Two Sigma whose trading models were thrown off by swings their computers had never seen before.
Covid-19 caused chaos for investors in 2020 but these hedge funds made billions
The funds that did well in 2020 bet early on an acceleration to online as people lived and worked remotely then quickly shifted into a recovery trade betting on restaurants, hotels and travel
(Bloomberg)
Juliet Chung
, The Wall Street Journal
Managers who bet certain stocks would rise and others would fall had their best year in a decade. The biggest winners wagered that e-commerce and cloud computing would thrive while shopping centers and travel struggled
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For little-known hedge-fund manager Jim Davis, 2020 is a career-defining year.
The one-time analyst for famed hedge-fund manager Julian Robertson Jr. came into the year managing $675 million at his Woodson Capital Management. That ballooned to about $1.7 billion by the end of November after bets he made against bricks-and-mortar retailers and on e-commerce firms hit pay dirt. His returns soared more than 100% for the year through Oc