Hedge fund managers are increasingly looking beyond China’s artificial intelligence boom, instead focusing on overlooked domestic champions and niche sectors as they search for differentiated opportunities in the region, according to a report by Fund Selector Asia.
Asian markets turned risk-off on Thursday as renewed military escalation in the Middle East pushed oil higher and pressured equities across Asia, while investors also braced for key US inflation data, according to a report by Reuters.
Bank of America has initiated coverage on Pershing Square Holdings with a Neutral rating, describing Bill Ackman’s investment firm as a “Baby Buffett” model that is helping democratise hedge fund ownership for retail investors, according to a report by Benzina.
Activist investor Ancora Holdings has urged H.B. Fuller to drop its proposed acquisition of UK-based Advanced Medical Solutions Group, arguing the deal is too risky and could undermine shareholder value, according to a report by Bloomberg
Macro trader John Curtice has left Brevan Howard Asset Management less than two years after joining the hedge fund firm, according to people familiar with the matter, cites a report by Bloomberg.
Activist short seller Andrew Left told jurors in his criminal securities fraud trial that there is nothing improper about profiting from stock-price moves following his research reports or social media posts, according to report by Bloomberg.
Jain Global’s fundamental equities business is facing growing uncertainty as the hedge fund firm advances its exclusive partnership with Izzy Englander’s (pictured) Millennium Management, according to a report by Business Insider.
China’s tightening of rules on cross-border trading has sent shares in online brokerage firms Futu Holdings Ltd and UP Fintech Holding Ltd tumbling, hitting hedge funds and global investors with significant losses according to a report by Bloomberg.
AGF Management Limited has announced it will increase its economic ownership in New York-based multi-strategy firm New Holland Capital to 50% as part of a broader push into alternative investments.
Avelacom has launched a new direct low-latency route between Bangkok and Tokyo, delivering less than 65 milliseconds round-trip delay (RTD) following optimisation of the terrestrial fibre segment between Thailand and Japan.
