Peconic Partners, the $1.8bn long-short hedge fund firm run by Bill Harnisch, has continued a four-year winning run so far in 2024, with the fund up 18% year-to-date, extending a run of outperformance that includes a 26% gain in 2022
Ashford Hospitality Trust’s CEO Monty J Bennett and director Kamal Jafarnia have tendered their resignations following the results of the REIT’s annual stockholders meeting on Tuesday, and a month-long “Monty Must Go” campaign by shareholder and activist hedge fund firm
As well as proving popular with retail investors, bitcoin ETFs have caught the attention of hedge fund majors including Millennium Management, Schonfeld Strategic Advisors and Point72 Asset Management, according to a report by Bloomberg.
Hedge fund Coatue Management ditched its holding in Apple during the first three months of the year, while fellow Tiger cub Viking Global built a sizeable new position in the tech giant, according to a report by Reuters.
The world’s largest futures exchange CME Group is aiming to capitalise on this year’s surge in money managers’ demand for cryptocurrency exposure with the launch of bitcoin spot trading on its platform, according to a report by the Financial Times.
Hong Kong-listed company Wealthink AI-Innovation Capital has invested in a hedge fund run by Tide Capital, an investment firm focused on bitcoin and bitcoin ecosystem investments.
Hyperion Decimus, a digital asset management firm and a sponsor of a multi-strategy crypto hedge fund, has launched the HD CoinDesk Acheilus Fund, a strategy that will invest in digital assets leveraging institutional grade fiduciary management.
BCA Research, a provider of independent macro investment research to hedge funds and other asset management firms, has appointed Jing Sima as China Strategist. Sima will work closely with Arthur Budaghyan, BCA Chief EM/China Strategist.
Quant hedge fund Renaissance Technologies was positioned to benefit from the meme stock mania sweeping the US this week, having added a new long position in GameStop and significantly increased its position in AMC Entertainment during Q1, according to a
BlockTower Capital, an investment firm with $1.7bn in AUM, has experienced a security breach in its main hedge fund, leading to partial losses, according to a report by Bloomberg citing people familiar with the matter.
