When the stock market rally that saw the benchmark S&P 500 soar this year began to lose steam in late July, Bridgewater Associates’ flagship Pure Alpha fund was already “moderately” bearish on US stocks, according to a report by Reuters.
Cboe Global Markets, a major derivatives and securities exchange network, has appointed Mandy Xu as Vice President and Head of Derivatives Market Intelligence with a remit to produce insights and analysis on derivatives market themes and flows.
Anders Helgesen has joined the exodus of salespeople and traders from Credit Suisse moving from the bank to take up the position of portfolio manager at hedge fund Millennium, according to a report by eFinancial Careers.
Multi-strategy hedge fund major Balyasny Asset Management has continued its global recruitment drive with the addition of four portfolio managers in four different cities, Miami, London, New York, and Dubai, according to a report by eFinancial Careers.
Private equity firms, including buyout major KKR & Co, are beginning to add hedge funds to their ‘white lists’ of approved lenders used to arrange funding for leveraged buyout deals, according to a report by Bloomberg.
Pentwater Capital Management, Jericho Capital Asset Management, Balyasny Asset Management, and Citadel Advisors, all upped their holdings in Activision Blizzard during Q2 ahead of a key court ruling on the video-game maker’s proposed $69bn merger with Microsoft, according to a
Continued concerns over China’s economic prospects, coupled with ongoing geopolitical tensions, saw several US-based hedge funds including Coatue, D1 Capital and Tiger Global cut their exposure to Chinese companies in Q2, according to a report by Reuters.
Digital asset investment products saw inflows this week totalling $29m, likely due to recent US inflation data, which was slightly below expectations signifying that a September rate hike is less likely, according to the latest Digital Assets Fund Flows Weekly
Abacus Life, a buyer of life insurance policies and alternative asset manager specialising in specialty insurance products serving hedge fund and other investment managers, has appointed Seth Miller as the firm’s new Chief Revenue Officer (CRO).
Watson Wheatley, a London-based specialist in securities reconciliation and a provider of reconciliation solutions for buy-side firms, is now a connectivity partner of Daymi, an interactive operations playbook based in Stockholm.
