In a significant portfolio overhaul during Q1, Michael ‘Big Short’ Burry’s Scion Asset Management almost liquidated its entire listed equity holdings while simultaneously increasing bearish wagers on Nvidia and key Chinese technology stocks, according a report by Bloomberg.
TOP STORY: Brazilian hedge funds, notched their strongest monthly performance in nearly two decades in April, as falling interest rates fuelled outsized gains with the Anbima Hedge Fund Index surging by 4% over the month, according to a report by
Multi-strategy hedge fund major Millennium Management has added another senior investment banking veteran to its growing Asia-Pacific operation, appointing Ernest Ng, former Head of Asia-Pacific Equity Derivatives at UBS, as a Senior Portfolio Manager, according top a report by Bloomberg.
Activist hedge fund H Partners is claiming a partial victory in its campaign to force change at Harley-Davidson, despite the re-election of three incumbent board members at the firm’s annual meeting, according to a report by Bloomberg.
Hedge fund Fermat Capital Management is forecasting a 20% expansion in the catastrophe bond market in 2025, as institutional and retail investors increasingly allocate to insurance-linked securities (ILS), according to a report by Bloomberg.
David Einhorn, founder and president of hedge fund Greenlight Capital, is doubling down on gold and inflation-linked trades, citing persistent fiscal irresponsibility and long-term macroeconomic risks as tailwinds for defensive positioning, according to a report by CNBC.
Trading Technologies International, a global provider of capital markets technology solutions, has launched TT Strategy Studio, a multi-asset algorithmic trading platform for institutional trading firms, hedge funds, quantitative firms, and energy companies.
Bill Ackman is stepping down from the board of Universal Music Group (UMG), signalling a strategic shift at Pershing Square Holdings, which has reduced its once-dominant stake in the global music label behind artists including Taylor Swift and Lady Gaga,
Hedge funds bought US equities for only the third time this year last week, marking a cautious shift in positioning amid sustained bullishness from retail investors, according to a report by Investing.com citing data from Bank of America Securities.
Hedge funds saw modest gains in April, with the SS&C GlobeOp Hedge Fund Performance Index showing a 0.46% return for the month. The SS&C GlobeOp Capital Movement Index, a gauge of hedge fund flows, saw a notable increase of 0.86%
