UBS Group AG is closing its outsourced trading desk, one of the largest such offerings on Wall Street, as it refocuses its global markets strategy. The bank has begun informing clients of the decision, giving them three months to find
Bridgewater Associates’ Pure Alpha II fund has surged 11.3% year-to-date, capitalising on market turbulence triggered by President Donald Trump’s trade policies, according to a report by Bloomberg citing a source familiar with the fund’s performance.
Polymer Capital Management, a Hong Kong-based hedge fund with $4bn in assets, is set to launch two Japan-focused funds this year, capitalising on growing investor demand for the world’s third-largest stock market, according to a report by Reuters.
Stephen Peyser has joined multi-strategy hedge fund major Balyasny Asset Management as the firm’s new Global Head of Trading and Capital Markets, effective last month, according to a report by eFinancialCareers.
Britain’s water regulator, Ofwat, has come under fire over claims that it has allowed hedge funds and other creditors to assume control of Thames Water without a formal transfer of ownership, according to a report by the Financial Times.
DBi has launched Europe’s first exchange-traded fund designed to replicate the performance of managed futures hedge funds – at a fraction of the cost – marking a significant milestone for the region’s liquid alternatives market, according to a report by
Russell Clark, the prominent short seller who took a step back from the hedge fund world three years ago, is coming out of retirement to launch a new hedge fund, hoping to capitalise on the market turbulence caused by President
Russian President Vladimir Putin has authorised US hedge fund 683 Capital Partners to acquire Russian corporate securities from select foreign investors, marking a rare transaction amid ongoing geopolitical tensions, according to a report by Reuters.
Hedge fund short sellers have amassed a potential $16.2bn in profits as Tesla’s stock price has plummeted by 50% over the past three months, according to a report by the Financial Times citing data released by S3 Partners.
Global hedge funds are regaining their appetite for US equities, cautiously adding exposure after a significant selloff in Wall Street’s major indexes, according to a report by Reuters citing a client note from Goldman Sachs.
