Emerging markets hedge funds extended gains through Q3 2024, as managers positioned portfolios to navigate shifting geopolitical risks, fluctuating interest rates, and global economic uncertainties, according to data from HFR.
Australian investment firm Platinum Asset Management Ltd has entered into takeover discussions with Regal Partners Ltd, granting the hedge fund access to due diligence in the hopes of securing a potentially higher bid, according to a report by Bloomberg.
Dubai is now home to over 40 hedge fund firms with assets exceeding $1bn each, collectively employing more than 1,000 people, according to a report by Bloomberg quoting Salmaan Jaffery, Chief Business Development Officer of the Dubai International Financial Centre
Bloomberg has launched a new fully customisable intraday quant pricing solution for Investment Research, the Open-High-Low-Close Bar product, which is aimed at simplifying quant workflows by allowing users to create intraday pricing datasets.
Axyon AI, which aims to improve asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Professor Petter Kolm as a Scientific Advisor to the firm.
Australia’s sovereign wealth fund the Future Fund’s allocation with Man Group Plc – the world’s largest listed hedge fund – shrink by approximately AUD1.5bn ($1bn) in the first half of 2024, according to a report by Bloomberg.
ExodusPoint Capital outperformed its multi-strategy hedge fund peers in September, posting a 1.5% gain, bringing its year-to-date return to 6.5% for 2024, according to a report by Business Insider citing an unnamed source familiar with the firm.
The Bank of England (BoE) has issued a cautionary note about the growing vulnerabilities in the financial system due to hedge funds’ record-setting short positions against US government bonds, according to a report by the Financial Times.
Paul Podolsky, a seasoned hedge und executive with over 15 years of experience at Bridgewater Associates, is gearing up to launch his new hedge fund, Kate Capital, on 1 November, with approximately $200m in initial capital, according to a report
Millennium Management has added Gary Quaranta, a seasoned hedge fund professional with over two decades of experience, to its team as part of an ongoing push to strengthen its technology and data capabilities, according to a report by eFinancial Careers.
