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Hedge funds delivered another month of strong performance in May, supported by a continued rally in technology stocks, growing investor enthusiasm around artificial intelligence, and expectations for a robust IPO market later this year, according to the latest data from HFR.
A senior portfolio manager within JPMorgan’s London-based Chief Investment Office (CIO) is set to leave the bank for a position at a hedge fund, according to a report by eFinancial Careers citing unnamed people familiar with the matter.
DE Shaw has joined a growing number of hedge funds expanding incentive structures that encourage employees to reinvest performance-linked bonuses back into in-house investment products, as competition for talent intensifies across the industry, according to a report by eFinancial Careers.
Concerns are mounting that increasingly crowded positioning among hedge funds could amplify losses in the event of a broader market downturn, following Friday’s sharp equity sell-off that interrupted a prolonged rally driven by AI-related trades, according to a report by Bloomberg.
Hedge funds and banks are accelerating hiring in insurance-linked securities (ILS) and catastrophe modelling as climate volatility, extreme weather events and emerging tail risks reshape how financial institutions assess portfolio exposure, according to a report by Bloomberg.
Partners Group co-founder Alfred Gantner has dismissed recent criticism from short-seller Grizzly Research and described the sharp decline in the firm’s share price as an excessive market reaction driven by misinformation and broader sector concerns, according to a report by Bloomberg.
Point72 Asset Management is evaluating whether to broaden its use of external trading intelligence by developing a platform that would compensate other hedge funds for investment ideas and market signals, according to a report by Bloomberg citing unnamed people familiar with the matter.
US federal prosecutors have dropped securities fraud charges against former Prophecy Asset Management executive Jeffrey Spotts, bringing an abrupt end to a closely watched case linked to the collapse of the hedge fund firm and the activities of its founder, Brian Kahn, according to a report by Bloomberg.
South Korea’s equity market suffered a dramatic setback on Monday as investors rushed to reduce exposure to crowded artificial intelligence and semiconductor trades, triggering trading halts and raising questions about the sustainability of one of the world’s strongest stock market rallies, according to a report by Bloomberg.
Multi-strategy hedge fund major Millennium Management is seeking to expand its footprint in India by establishing a local investment-management operation, according to a report by Bloomberg citing unnamed people familiar with the matter.
