Andre Laport, a prominent Brazil money manager, has stepped down from Vinland Capital, the hedge fund he co-founded, for personal reasons, leaving control to fellow Co-Founder James Oliveira, according to a report by Bloomberg.
TOP STORY: Steve Cohen’s Point72 Asset Management is preparing to return a significant portion of capital to investors for the first time, joining other large multi-strategy hedge funds that are capping assets after a period of rapid growth, according to
Brazil’s leading hedge fund managers including Verde Asset Management, Kapitalo Investimentos, and Ibiuna Investimentos, are growing increasingly pessimistic about local assets, shifting their focus to bets on rising interest rates in the country’s markets, according to a report by Bloomberg.
Standard Chartered has launched a new digital asset custody service in the UAE following the receipt of a licence from the Dubai Financial Services Authority (DFSA), with Brevan Howard Digital (BH Digital) confirmed as the inaugural client.
Alan Howard, co-founder of Jersey-headquartered global macro hedge fund major Brevan Howard Asset Management, is considering relocating from London to Geneva, according to a report by Bloomberg citing sources familiar with the matter.
International energy service company Petrofac was the most shorted UK listed company as of 1 September, with 8.69% of its stocks held short by five investment firms, according to new analysis by ETP issuer GraniteShares.
Trend-following hedge funds took a hit in August due to unfavourable bets on the New Zealand dollar and Japanese assets during a period of heightened market volatility, according to a report from Reuters, citing data from Societe Generale.
ExodusPoint, the $11bn hedge fund led by former Millennium executive Michael Gelband, has responded to investor pressure by introducing a new fee structure, tying performance fees to short-term Treasury yields, according to a report by Business Insider.
US hedge fund manager Chatham Asset Management has established a dedicated CLO management business, CTM Asset Management (CTM), and made a significant capital commitment to build the business and support its initial CLO issuance.
Hedge funds navigated an historic volatility surge in early August, with equity hedge and fixed income-based relative value arbitrage strategies leading that way, as the HFRI Fund Weighted Composite Index advanced +0.25% for the month.
