Following Donald Trump’s US presidential election win, hedge funds have quickly pivoted toward financial stocks while reducing their exposure to companies in the renewable energy sector, according to a report by Reuters.
Macro trader Chris Rokos captured nearly $1bn in profits during Wednesday’s market rally following Donald Trump’s re-election, marking one of his most lucrative days since founding Rokos Capital Management in 2015, according to a report by Bloomberg.
Hedge funds betting against Tesla have chalked up paper losses of more than $5bn since Donald Trump’s election victory, as shares in the EV maker surged following the endorsement of Trump by the firm’s CEO Elon Musk, according to a
Dan Loeb’s hedge fund, Third Point, posted a 2.7% gain in October, bringing its year-to-date performance up to 18.4%, placing the firm within striking distance of its best annual return since 2021 when it recorded a 23.9% return, according to
Perseverance Asset Management, one of China’s largest hedge funds with over RMB100bn ($14bn) under management, has advised some clients to consider taking profits due to rising risks tied to the return of Donald Trump to the White House, according to
Hedge funds, including Arrowstreet Capital and Qube Research & Technologies, that bet against renewable energy stocks have seen profits soar by over $1.2bn following the steep sell-off in the sector triggered by Donald Trump’s election victory, according to a report
BlackRock is in preliminary discussions with Millennium Management to explore a potential strategic partnership that could see the world’s largest asset manager take a minority stake in one of the hedge fund industry’s most profitable firms, according to a report
Hedge funds, including London-based Clean Energy Transition, are eyeing buying opportunities after Donald Trump’s victory in the US presidential election sparked a sharp sell-off in stocks across the ESG investing space, according to a report by Bloomberg.
Activist hedge fund firm Elliott Investment Management has clarified it has not made demands or initiated contact with German utility giant RWE AG regarding any potential investment, according to a report by Reuters.
Pinestone Asset Management, which has been a rare success story in China’s struggling quantitative hedge fund sector, faces serious challenges following a US indictment accusing Co-Founder Xiao Zhang of trade secret theft, according to a report by Bloomberg.
