US law firm Seward & Kissel LLP has promoted four private investment fund lawyers – Counsels Jay Baroody, and Kevin Cassidy, and Associate Brett Cotler – to partner, with effect from 1 January, 2024.
TOP STORY: A surge in the price of raw uranium to 16-year highs has prompted tens of hedge fund firms to begin buying and stockpiling barrels of the raw nuclear power fuel, according to a report by the Daily Telegraph.
New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years.
A report by The Times notes that the online fashion retailers Boohoo and Asos, as well as Kingfisher, the owner of B&Q, J Sainsbury and the online gift business Moonpig are among the top ten most shorted companies, according to
The US dollar continues its downward trajectory, hitting a multi-week low, influenced by market anticipation of an early Federal Reserve rate cut, possibly in March. This sentiment is reinforced by falling treasury yields which add to the pressure on the
Activist investor Ancora Holdings is preparing to challenge for seats on the board of directors of Harmonic, in a push to get the streaming equipment company to divest its video business faster, according to a Reuters report.
Man Group is planning on more acquisitions and hiring new team members, as part of a push towards private credit, according to a report by Bloomberg.
A measure of the cost of borrowing short-term funds backed by U.S. Treasuries spiked this week to its highest since 2019, a move some market participants attributed to dealers closing their balance sheets for the year, according to a report
Genoa Capital, a Brazilian hedge fund with $3.8bn in assets under management, says it’s time to bet on the nation’s currency and stocks as the central bank’s cautious approach to interest rate cuts diminishes the appeal of local rates, according
Emerging Markets hedge funds surged in late 2023 on falling inflation, interest rates, and a weakening US dollar, with EM hedge funds having successfully navigated both macroeconomic and geopolitical challenges over the past 18 months.
