Strategists at TD Securities have observed that the unwinding of the carry trade—a strategy where investors exploit interest rate differentials between countries—is gaining traction among clients, according to a report by MarketWatch.
Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to what he describes as one of the world’s most expensive valuations, according to a report by Bloomberg.
ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, has appointed Nabeel Abdoula as a London-based senior portfolio manager, according to a report by Financial News.
Swedish hedge fund firm Tidan Capital has added Linus Nilsson as partner and head of systematic strategies, as of 1 July.
Quant hedge fund firm Castle Ridge Asset Management has launched its AI multi-strategy, which is powered by WALLACE, the firm’s proprietary AI platform.
SkyBridge Capital, the $7.9bn New York-headquartered alternative investment firm founded by Anthony Scaramucci, has partnered with South Korean securities firm Woori Investment & Securities, according to a report by WealthBriefingAsia.
Saba Capital Management has requested a US judge to prevent BlackRock from employing a tactic that Boaz Weinstein’s hedge fund firm claims will restrict investors’ rights to elect the board of one of its closed-end funds, according to a report
Terraform Labs and its former CEO, Do Kwon, have agreed to a $4.5bn settlement with the US. Securities and Exchange Commission following a jury verdict that held them liable for orchestrating a prolonged fraud involving crypto asset securities, according to
Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to a
US federal financial regulators are lagging in their oversight of hedge funds’ use of AI for trading decisions, posing a serious threat to market stability, according to a report by FedScoop.
