TOP STORY: Crispin Odey has taken a bullish view on Swiss bank UBS Group's controversial rescue of stricken rival Credit Suisse Group by investing 2% of Odey Asset Management funds in UBS shares, according to a report by Bloomberg.
Hedgeweek exclusive: TT International's Charlotte Roden discusses re-emerging interest in Europe-focused equity investment strategies among US investors following years of lukewarm sentiment.
Pierre Andurand's main hedge fund has lost about 40% since the start of 2023 after the banking crisis caused panic in commodities markets, making the famed oil trader one of the hedge fund world's biggest losers so far this year, according to a report by Bloomberg.
Bank additional tier-1 bonds, including those of Credit Suisse, are attracting the attention of large hedge funds and distressed debt investors, who are buying them up at discount prices, according to a report by Reuters.
While US hedge fund Citadel is expecting a tighter credit environment following the latest banking crisis, the firm's head of commodities, Sebastian Barrack, is predicting limited impact on global commodities, according to a report by Reuters.
After a strong start to the year, it has been another challenging period for many equity hedge funds. Which equity strategies are best placed to capitalise on current opportunities? Do investors still consider them fit for purpose? Read Hedgeweek’s latest Insights Report to learn more.
Hedge funds and other holders of $17 billion of Credit Suisse bonds have seen their investments wiped out completely under the terms of the bank's $3 billion acquisition by rival UBS, according to a report by the Financial Times.
Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank and Signature Bank triggered big swings in the bond market, according to a report by Bloomberg.