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TOP STORY: The sudden re-emergence of “Roaring Kitty” – aka Keith Gill – on social media triggered a huge surge in the price of GameStop shares that left short sellers facing losses approaching $1bn, according to a report by CNBC citing figures from data provider S3 Partners.
China is currently investigating a hedge fund firm after it stopped repaying its investors. The move comes in the wake of increased scrutiny of the RMB5.5tn ($760bn) industry, according to a report by Bloomberg. 
With easing tensions in the Middle East and a clouded fundamental outlook weighing on oil prices, hedge funds slashed their bullish bets on benchmark Brent crude last week to the lowest level seen in eight weeks, according to a report by Bloomberg.
A combination of higher interest rates and lagging performance has prompted European retail investors to reduce their hedge fund investments, with assets under management in alternative UCITS currently at an eight-year low, according to data from Kepler Absolute Hedge.
Marshall Wace, the $65bn London-based hedge fund firm co-founded by Paul Marshall, has taken a £150m short position in Haleon, the FTSE 100 consumer healthcare company which was spun out of GSK two years ago, according to a report by The Times.
Camelot Capital Partners, the California-based hedge fund firm founded by William Barker, has upped its holding in fast fashion group Asos by more than 360,000 shares this month, with two stock acquisitions worth £1.25m, according to a report by the Financial Times.
Colorado-based hedge fund firm Deer Park Road Management plans to invest in the residential mortgage market in anticipation of the US Federal Reserve beginning to reduce interest rates later this year, according to CIO Scott Burg in an interview with Bloomberg. 
Billionaire quant investing pioneer and philanthropist James Simons, who founded systematic hedge fund investment firm Renaissance Technologies, has died at the age of 86, according to a report by Reuters.
Bill Hwang, the founder of failed hedge fund Archegos, which went bust in 2021 leaving banks nursing billions of dollars in losses, will face trial this week on alleged securities fraud and market manipulation charges, according to a report by Barron’s.
Hedge funds have renewed their attack on the Japanese yen just days after suspected government intervention to support the currency, with leverage funds upping their bets that it will sink back towards a 34-year low in the next few weeks, according to a report by Bloomberg.

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