Hedge Fund Manager Calls Have Less Pull

A recent Bloomberg article takes a look at the influence on share prices caused by the comments of hedge fund “stars” at the industry’s three biggest annual events: Robin Hood, the Sohn Investment Conference in New York and the SkyBridge Alternatives Conference (SALT). “While the managers’ pronouncements consistently moved shares of the companies they targeted,” the article says, “their influence has been on the decline.” It outlines findings as illustrated by movement of stock price (intraday shifts between high and low prices on the corresponding conference day) compared to that of the entire year. The analysis also measured which managers […]