Cliff Asness’s AQR Capital Management has touted the resurgence of convertible arbitrage, a niche strategy that capitalises on debt convertible into equity, according to a report by Bloomberg.
Deutsche Bank’s rates trading team in London faces a new wave of traders exiting the firm to hedge funds and trading firms, a trend starting earlier this year with senior departures, according to a report by eFinancialCareers.
Hedge fund managers focusing on mergers and acquisitions have outperformed those using other strategies, achieving a 7.7% return in the first five months of 2024, according to a report by Reuters citing a Goldman Sachs client note.
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
