Abu Dhabi’s sovereign investment complex the Abu Dhabi Investment Council is preparing a significant expansion of its hedge fund exposure, with plans under consideration to deploy up to $15bn through leveraged structures that would materially scale its footprint in the
Prime brokers are tightening financing terms and limiting new swap exposure to South Korea’s largest semiconductor stocks as a record-breaking rally in AI-linked names drives concerns over crowding and downside risk, according to a report by Bloomberg.
Brazilian hedge fund SPX Capital is undergoing a significant internal restructuring after a prolonged period of weak performance, client outflows and high domestic interest rates that has reshaped the country’s asset management landscape, according to a report by Bloomberg.
The era of refinancing fixes and liability-management transactions that helped highly leveraged companies avoid default may be nearing its end, creating a potentially fertile environment for distressed investors, according to a report by Bloomberg citing Oaktree Capital Management MD Brook
BNP Paribas has launched the Transatlantic Target Premium strategy within its THEAM Quant range, a UCITS income fund using options strategies across European and US equities to generate yield and capital growth.
Australian gold producer Northern Star Resources has rejected calls from activist investor Elliott Management to explore asset divestments or a potential sale of the company, despite mounting pressure over its share price performance and operational execution, according to a report
ExodusPoint Capital Management has attracted $2bn in new investor commitments, increasing its assets under management to approximately $14.5bn and underscoring continued appetite for large multi-strategy hedge fund platforms, according to a report by Bloomberg.
Hong Kong is preparing to introduce legislation that would significantly reduce the tax burden on performance-based compensation for hedge fund professionals and other alternative asset managers, according to a report by Bloomberg.
Veteran short seller Jim Chanos has raised fresh doubts over SpaceX’s impending public market debut, arguing that the aerospace company’s proposed valuation is based on “hopes and dreams” rather than near-term financial fundamentals, according to a report by Reuters.
Hedge funds have accumulated what is believed to be the largest-ever collective bearish position against Australia’s banking sector, with short interest estimated at around AUD11bn across the country’s four major lenders, according to a report by News.com.au.
