A number of hedge fund firms, including Bridgewater Associates, Millennium Management and Marshall Wace, have upped their short bets against European banking shares following the collapse of Silicon Valley Bank and Signature Bank, according to a report by Reuters, citing
Ken Griffin’s Citadel, which became the world’s most profitable hedge fund in 2022 after raking in $16 billion, has boosted its international equities team with a series of senior hires in Hong and London, according to a report by Reuters.
Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank and Signature Bank triggered big swings in the bond market, according to a report by Bloomberg.
Apex Group Ltd has appointed Anthony Alfonso as global head of valuation. Alfonso will be responsible for the group’s valuation advisory services for a wide range of investor types, including hedge funds, private equity and debt funds, venture capital, mutual
Intercontinental Exchange, a global provider of data, technology, and market infrastructure, has announced record open interest (OI) across its global commodity and energy futures and options markets, on the back of record volume in oil options.
Performance of hedge funds administered by the Citco group of companies diverged across strategy types in February, with a weighted average return of 0.1%. At a strategy level, event driven funds delivered the highest weighted average return of 3.3% followed
London-based Sparta Capital, an activist hedge fund founded by US firm Elliott Advisors, has become the second activist investment firm too take a stake in troubled online retailer THG, according to a report by the Sunday Times.
ExodusPoint Capital Management and Millennium Management were among the big-name multi-strategy hedge funds that posted small losses amid last week’s market volatility, faring far better than their macro and quant counterparts, according to a report by Bloomberg. Unnamed Bloomberg sources
Graticule Asia, a macro hedge fund founded by veteran macro trader Adam Levinson, is shutting down after being hit by losses following the demise of Silicon Valley Bank and the ongoing bond market volatility, according to a report by Bloomberg.
Distressed debt investor David Tepper is betting that the value of Silicon Vally Bank parent SVB Financial Group’s debt will rise as parts of the group are auctioned off, according to a report by the Financial Times. Unnamed FT sources
