TOP STORY: A significant US stock rally prompted by softer than expected inflation news, saw global hedge funds that use algorithms to trade, suffer their second worst single day of trading so far this year, according to a report by
US hedge fund Schonfeld Strategic Advisors has told 150 of its 1,000 employees that they are losing their jobs as the firm looks to cut costs in the wake of its failed tie-up talks with Millennium Management, according to a
Hedge funds are playing an important role in boosting liquidity by helping to fill a void in European government bond markets created by a reduction in central bank activity in the space, according to a report by Reuters.
A series of well-timed bets against wind energy stocks have generated positive returns for a number of investment firms, including hedge fund Marshall Wace and quantitative trading firm Qube Research & Technologies, according to a report by The Financial Times.
James Bayliss, the head trader at Elliott Management’s London operation, has become the latest veteran to quit the the $59bn US hedge fund’s main European office, according to a report by the Financial Times.
Robert Luciano has resigned from VGI Partners, the hedge fund he founded over 15 years ago, which went on to become one of Australia’s best know alternative investment management firms, according to a report by The Australian Financial Review.
TOP STORY: Tiger Global Management, Pershing Square, and Third Point are among the hedge funds to have upped their bets on big technology stocks, even as the sector stumbled slightly in the third quarter, according to a report by Reuters.
Hedge fund manager Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis as depicted in the movie ‘The Big Short’, added a bearish options position on semiconductors in Q3, according
Several Asia-based hedge funds, are following in the fee-steps of global multi-strategy majors like Citadel and Millennium Management, by imposing additional charges on new clients to cover the escalating costs of attracting and retaining top talent, according to a report
Northern Trust Asset Management, a global investment management firm with $1.09tn in assets under management as of 30 September, 2023, has appointed Guido Baltussen, PhD as the firm’s new Head of Quantitative Strategies, International.
