Hedge funds shifted to a bullish stance on the yen just before dovish comments from Japan’s new prime minister and strong US employment data triggered the worst weekly decline for the currency since late 2009, according to a report by
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.
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.
Buckley Capital Partners a Florida-based hedge fund manager focussed on value and special situation long-short equity investments, has written to the Board and management team of Euronext-listed Basic-Fit NV, recommending a strategic review of the business.
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.
Billionaire investor Stanley Druckenmiller, who rose to prominence working alongside George Soros as well as managing his own successful hedge fund firm Duquesne Capital, isn’t buying into the recent surge in Chinese stocks, according to a report by Barron’s.
Bridgewater Associates, the world’s largest hedge fund, is to open its first ever office in Manhattan after quietly signing a deal for 60,000 sq ft of space at 295 Fifth Avenue, according to a report by the New York Post.
