“We want to be open to the communities we live and work in,” Doug Haynes, president of Point72, told CNBC last week. “The clear feedback that we got is that we were a mystery. And it made people uncomfortable.”
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“What were really high return-on-capital businesses are becoming more mundane return-on-capital businesses,” Jim Chanos, founder of Kynikos Associates, told Anthony Scaramucci on Wall Street Week Sunday, explaining why he isn’t attracted to oil companies. He also cited “having to do things like drill in the Arctic [and] deal with Mr. Putin.”
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“Hedge funds tend to own stocks unlikely to generate alpha,” said a Goldman Sachs report released this week that argued hedge funds aren’t taking enough risks.
Kynikos Associates Doug Haynes Jim Chanos Putin Anthony Scaramucci
