Melbourne-based L1 Capital’s flagship Long Short Fund, which has delivered a 20% annual return since its inception, is banking on a swift recovery for uranium producer NexGen Energy, according to a report by Bloomberg.
Hedge funds and money managers have significantly increased their bearish bets against US gasoline, reaching the highest level in over five years amid growing concerns about oversupply, according to a report by Bloomberg.
Neil Phillips, co-founder of hedge fund firm Glen Point Capital, has been sentenced to probation instead of a two-year prison sentence for manipulating an exchange rate, partly because the victim was Morgan Stanley, according to a report by Bloomberg.
Hedge funds are shifting away from technology stocks, particularly semiconductor and chip equipment, following robust gains in Q1 2024, according to a report by CNBC citing data from Goldman Sachs’ prime brokerage.
Bobby Jain’s multibillion-dollar hedge fund Jain Global has recruited more than 10 portfolio managers for its London office, pushing the total above 50 members as it prepares for its debut on 1 July, according to a report by Financial News.
Billionaire Michael Platt’s hedge fund BlueCrest Capital Management has added José Arivar De Lira Junior as a senior portfolio manager in London, according to a Companies House filing on 24 June.
Balyasny Asset Management has terminated its $250m managed account with Franck Tuil’s activist hedge fund, Sparta Capital Management, within a year of initially backing the former Elliott Investment Management trader, according to a report by Bloomberg.
Finery Markets, a global trading infrastructure provider for digital assets, has partnered with digital assets financial services provider BitGo, which will add regulated qualified custody and automated settlement to the former’s trading network.
Trading Technologies International, a SaaS technology platform provider to the global capital markets industry, has partnered with Hidden Road, a prime brokerage backed by Citadel Securities, through Hidden Road Partners CIV US, its CFTC-regulated futures commission merchant.
London-based multi-manager hedge fund platform Falcon Investment Management has launched a new open-ended fund providing family offices with access to a hedge fund strategy previously reserved for large institutions.
