World’s Biggest Stock Hedge Fund, Adage Capital Management

200 Clarendon Street, 52nd Floor, Boston: home to the world's biggest stock hedge fund

2 good articles in the Wall Street Journal (links below) about the "world's biggest stock hedge fund:"

• How the World’s Biggest Stock Hedge Fund Stayed a Secret - MoneyBeat - WSJ: Adage Capital Management
• Giant Hedge Fund’s Radical Idea: Performance Guaranteed or Your Money Back - WSJ: "... Investment analysts, 26 in total including the founders, work silently in separate offices ringing the floor. Six golf putting holes dot the space, people familiar with the firm said, though they are rarely used except for a half-hour tournament each December in which the winner gets no money. A person who has been inside described it as a “library.”... The founders break from tradition in small ways, too. Mr. Atchinson drives a seven-year-old Nissan Altima, and Mr. Gross takes the Peter Pan bus to his summer home on Cape Cod. “That’s just how they approach life in general,” said Timothy Peterson, founder of Regiment Capital Advisors LP and a former Harvard colleague of the founders. “They feel very comfortable not being the center of attention.” Because of its unusual practices, Adage is viewed by its large investors as its own breed." (emphasis added)

Adage Capital Management, L.P.
200 Clarendon Street
52nd Floor
Boston, MA 02116

domain name: adagecapital.com
The website is provided for the exclusive use of the clients and limited partners of Adage Capital Management, and requires a username and password.

Adage Capital Management, LP - Bloomberg profile: "Adage Capital Management, L.P. is a privately owned hedge fund sponsor. The firm primarily provides its services to pooled investment vehicles. It launches and manages hedge funds for its clients. The firm invests in equity markets and hedging markets of the United States ... founded 2001"

Follow @DomainMondo

DISCLAIMER

Wealthy Chinese Investors Flee China's Stock Markets (video)

Chinese stocks tumbled the most in three weeks as traders reduced stimulus bets and speculated the government will pare back efforts to prop up equities. Data Tuesday showed home-price gains are spreading, with new-home prices rising in 31 cities of the 70 the government monitors, from 27 the previous month, according to data released by the National Bureau of Statistics on Tuesday, August 18, 2015.

Bloomberg quote: SHCOMP:IND

"The wealthiest investors in China’s equity market are heading for the exits. The number of traders with more than 10 million yuan ($1.6 million) of shares in their accounts shrank by 28 percent in July, even as those with less than 100,000 yuan rose by 8 percent, according to the nation’s clearing agency... The median stock on mainland bourses traded at 72 times reported earnings on Monday, more expensive than any of the world’s 10 largest markets. The ratio was 68 at the peak of China’s equity bubble in 2007, according to data compiled by Bloomberg ... “Wealthy investors, who have been through bear markets, are better at exiting,” said Hu Xingdou, an economics professor at the Beijing Institute of Technology... investors are finding alternatives in Chinese real estate and overseas markets... The yuan’s retreat to the weakest level since 2011 is increasing the allure of assets denominated in foreign currencies, according to Steve Wang, the chief China economist at Reorient Financial Markets Ltd. in Hong Kong. Yuan positions at China’s central bank and financial institutions fell by the most on record last month, a sign that investors are moving money out of the country. “China’s capital outflow in July coincided with big investors selling shares,” Wang said. “Small players have been drawn in by government measures to support the market, while wealthy investors cut their stakes.” source: Bloomberg Business, August 18, 2015 (emphasis added)

China’s richest traders are fleeing stocks http://t.co/hOBrQgaCmj pic.twitter.com/UY6WU6PIc7

— Bloomberg Business (@business) August 19, 2015

Follow @DomainMondo