TOP STORY: Allegations of sexual misconduct levelled at Odey Asset Management founder Crispin Odey have prompted prime brokers, including Goldman Sachs, JP Morgan and Morgan Stanley, to review their relationship with the hedge fund, according to a report by Reuters.
Hedgeweek has announced the winners of the Hedgeweek Emerging Managers Awards 2023, which recognise excellence among emerging hedge fund managers and their service providers.
The efforts of central banks around the world to tackle inflation have failed to have a meaningful impact, and threats to the broader global economy remain, according to a report by Reuters citing comments from Man Group Chief Executive Luke Ellis.
US hedge fund Citadel's portfolios all made money in the first five months of the year with the firm's flagship portfolio chalking up a return of 6.14% to the end of May, according to a report by Reuters.
London-headquartered hedge fund firm Marshall Wace has appointed Todd Builione, a partner and global head of private wealth at its private equity backer KKR, to run its US business in New York, according to a report by The Financial Times.
Speculation that the Bank of Japan isn't likely to change tack on its existing easy-money monetary policy anytime soon has prompted hedge fund and asset managers to up their bearish positions in the yen, according to a report by Bloomberg.
Cliff Asness, the founder of quantitative investment firm AQR Capital, is backing a new 'niche' multistrategy hedge fund launched by former employee Brian Hurst and Goldman Sachs Group alumnus Elisha Wiesel, according to a report by Bloomberg.
Uncertainty, both political and economic, was a key theme in May, as elections in Greece and Turkey, an unusual period of calm in Italian politics, and a subdued 'rebound' in China's economy, coupled with brinksmanship over the US debt ceiling, and question marks over the direction of central banks' interest rate policies, all contributed to another month of market instability.