Author: The Wealth Training Company

Ken Griffin’s Views on Stretched Stock Valuations

Ken Griffin founder and CEO of the hedge fund firm Citadel (1990) with $27 billion in assets under management reckons that stock valuations are getting high. Nevertheless, he still thinks that there are still economic forces that can cause the bull market to continue a while longer. “I think we’re in the seventh inning of this market rally” KEN GRIFFIN “I think we’re in the seventh inning of this market rally,” he said in an exclusive interview with CNBC’s on Monday. “Valuations are stretched. We’re not in the sort of classic mania that you get at the very end...

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Ken Griffin – Investor Profile

Ken Griffin (October 15, 1968, Daytona Beach Florida) is a hedge fund manager with an estimated net worth of US$12.5 billion as of April 2020. In June 2002, Griffin was included in CFO Magazine’s Global 100, a list of the most influential people in the world of finance. Forbes also identified Ken Griffin as one of 2012’s highest earning hedge fund managers as well as one of the Forbes 400. Griffin has already appeared numerous times in Forbes’ Forbes 400, first in 2003, with an estimated net worth of $650 million. At 34, he was the youngest self-made individual...

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Best Wall Street Stock Picker Retreats from Technology

Joseph DiMenna described by Businessweek as “the best stock-picker no one has ever heard of.” Retreats Positions in Advanced Micro Devices, Inc. (AMD), Apple Inc. (AAPL), Micron Technology, Inc. (MU) Apparently, all is not good on the technology front from Joseph DiMenna’s perspective, as he has opted to diminish holdings in all three stocks in the fourth-quarter of 2016. Joseph DiMenna described by Businessweek as “the best stock-picker no one has ever heard of” retreats from technology positions   According to the latest SEC filing, Zweig-DiMenna cut back 20% of its stake in AMD to 872,671 shares worth $9,896k....

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Joseph DiMenna – Investor Profile

Joseph DiMenna is an American hedge fund manager and co-founded/Managing Director of Zweig-DiMenna Associates. Zweig-DiMenna, founded in 1984 is one of the oldest hedge funds operating today. The fund has achieved 15-year annualized return, after fees, of 25%, vs. the 18.6% annualized total return for the Standard & Poor’s 500-stock index. In 2002, Joseph DiMenna was named “Entrepreneur of the Year” by the National Foundation for Teaching Entrepreneurship, an organization that promotes the teaching of business principles to students. In 2007, Zweig-DiMenna International hedge fund was Absolute Return Magazine’s “U.S. Equity Fund of the Year” in recognition of its...

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Standard & Poor 500 is Overvalued

Joel Greenblatt former Managing Partner and Co-Chief Investment Officer at Gotham Asset Management ($5.2 billion hedge fund) spoke on Thursday at the Reuters Global Investment 2018 Outlook Summit. Greenblatt, said the “Standard & Poor’s 500 has appeared cheaper only 16 percent of the time over the last 27 years”. “Standard & Poor’s 500 has appeared cheaper only 16 percent of the time over the last 27 years” JOEL GREENBLATT Joel Greenblatt’s fund returned 18 percent, outperforming 98 percent of its “long-short” peers. He said that could herald annual 3 to 5 percent gains over the next few years, with...

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