Pershing Square, the hedge fund firm led by billionaire Bill Ackman, is moving forward with the initial public offering of its Pershing Square USA closed-end fund, although the pricing date has yet to be announced, according to a report by
Disappointing demand has prompted hedge funds to cut their net-bullish bets on gasoline to levels not seen since the height of the pandemic, with speculators drastically reducing their net-long positions in gasoline futures, according to a report by Bloomberg.
Despite facing the largest US stock market selloff in over a decade last week, hedge funds largely maintained their positions in technology stocks, according to a report by MarketWatch citing research by the prime brokerage desk at Goldman Sachs.
Hedge funds have made their most significant retreat from bearish yen bets since 2011 as the once-popular carry trade strategy falters, with leveraged investors cutting 56,639 net short positions on Japan’s currency over the two weeks ending 23 July, according
Man Group, the world’s largest listed hedge fund firm, has reported strong H1 results, including positive investment performance of $11.1bn – a 2.1% increase relative to peers – and net inflows of $0.9bn, surpassing the industry average by 1.8%.
Mulvaney Capital’s systematic long-term trend-following programme has outperformed so far in 2024, with the strategy recording a huge 134.22% gain despite a decline last month, according to a report by Institutional Investor.
Rhode Island-based casino and gaming operator Bally’s Corporation is to be acquired by its largest shareholder, hedge fund Standard General, in a deal valued at $4.6bn, including debt, according to a report by the Business Journals.
Morgan Stanley has revealed that computer-driven macro hedge fund strategies initiated a significant stock sell-off on Wednesday, shedding $20bn in equities, with the bank’s prime brokerage desk anticipating an additional $25bn in equity sales over the next week, according to
Hermes Li’s Aspex Management, one of the largest hedge funds in Asia, has reported a strong performance in the first half of 2024, with a 21% return, significantly boosting its AUM to over $9bn, according to a report by Bloomberg.
Bill Ackman has announced a significant reduction in the fundraising target for his new US-listed fund, Pershing Square USA, citing investor apprehensions about the fund’s structure and cash deployment strategy, according to reports.
