Hedge funds have pared back bullish bets on crude to their weakest level in 17 years, amid mounting concerns that supply will soon outstrip demand, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Joe Arcadi, a former Portfolio Manager in hedge fund Walleye’s now disbanded credit team in its Stamford, Connecticut office, has joined Bank of America in New York as a Macro Credit Trader, according to a report by eFinancial Careers citing
An affiliate of Elliott Investment Management has emerged as the frontrunner in the high-stakes auction of Citgo Petroleum’s parent company, PDV Holding, after submitting an improved offer that now tops a rival $7.4bn bid from Gold Reserve’s Dalinar Energy, according
Hedge fund Emmett Investment Management is preparing for a potential boardroom battle at Whitestone REIT and is considering nominating directors to the shopping centre operator’s six-member board, according to a report by Reuters.
Bobby Jain’s $5.3bn hedge fund Jain Global has hired Gregoire Thomas, a former Millennium Management portfolio manager, as a Portfolio Manager in Hong Kong as it continues to scale its global platform, according to a report by Financial News.
Ken Griffin’s $68bn hedge fund firm Citadel is pushing deeper into Asia-Pacific commodities markets with the launch of an Australian trading desk, anchored by the hire of Keith Handbury, a senior trader from Shell, according to a report by Bloomberg.
One of Deutsche Bank’s top hedge fund salespeople, Ryan Bouchikhi, is set to leave the German lender for a hedge fund. While his new employer hasn’t been confirmed, a report by eFinancial Careers has suggested it could be Balyasny Asset
Hedge fund redemptions ticked up in August, according to the latest SS&C GlobeOp Forward Redemption Indicator, which rose to 2.03% from 1.56% in July. The figure, however, remains below the 2.59% recorded in August 2024 and is in line with
Once a popular short among hedge fund managers Elon Musk’s EV-manufacturer Tesla has reappeared on the list of their “VIP” stocks for the first time since 2022, according to a report by MorningStar citing new analysis from Goldman Sachs.
Hedge funds are increasing exposure to companies likely to benefit from a potential Ukraine peace deal, as optimism builds around US President Donald Trump’s efforts to broker an agreement with Vladimir Putin, according to a report by the Daily Telegraph,
