The Japanese yen surged on Monday, extending last week’s sharp gains as traders and hedge funds continued to unwind bearish positions amid growing expectations that Japanese authorities could intervene again to support the currency, according to a report by Reuters.
Viking Global Investors has acknowledged that its cautious approach to artificial intelligence-related stocks cost it performance in the first half of the year, even as the hedge fund continues to resist chasing companies trading at what it considers excessive valuations,
A Dutch institutional investor has filed a lawsuit against quantitative hedge fund AlphaQuest and its founder, Nigol Koulajian, alleging management failures and breaches of shareholder agreements following the firm’s decision to wind down its operations, according to a report by
Sir Christopher Hohn’s TCI Fund Management has sharply reduced its long-standing investment in Microsoft, citing concerns that rapid advances in artificial intelligence could disrupt the software giant’s core businesses, according to a report by the Financial Times.
Short seller Orso Partners has taken aim at Affiliated Managers Group Inc, arguing that its exposure to tax-efficient investment strategies developed by AQR Capital Management could face regulatory pressure and threaten future earnings, according to a report by Bloomberg.
Brian Kersmanc of GQG Partners says his decision to scale back exposure to major technology stocks more than a year ago is beginning to deliver results, despite initially lagging during the height of the AI-driven rally, according to a report
Dalton Investments has escalated its campaign against Fuji Media Holdings, joining forces with activist shareholder Aya Nomura, daughter of Japan’s famed corporate agitator Yoshiaki Murakami, to press for a strategic overhaul, according to a report by Bloomberg.
Hedge fund manager Sculptor Capital Management has secured regulatory approval to operate in Abu Dhabi, becoming the latest global financial firm to establish a presence in the fast-growing capital of the United Arab Emirates, according to a report by Bloomberg.
Hedge funds, including Brevan Howard, Capula and Millennium, have upped their leveraged bets on UK government bonds, amplifying concerns over potential instability in the gilts market, a key benchmark for UK borrowing costs, according to a report by Reuters.
Tybourne Capital Management, the Asia-based investment firm founded by Eashwar Krishnan, is set to return external capital in its long-only funds following the shuttering of its US technology hedge fund earlier this year, according to a report by Bloomberg.
