International energy service company Petrofac was the most shorted UK listed company as of 1 September, with 8.69% of its stocks held short by five investment firms, according to new analysis by ETP issuer GraniteShares.
ExodusPoint, the $11bn hedge fund led by former Millennium executive Michael Gelband, has responded to investor pressure by introducing a new fee structure, tying performance fees to short-term Treasury yields, according to a report by Business Insider.
US hedge fund manager Chatham Asset Management has established a dedicated CLO management business, CTM Asset Management (CTM), and made a significant capital commitment to build the business and support its initial CLO issuance.
Wildcat Capital Management, originally established as the family office of billionaire David Bonderman, has invested over $200m in a new hedge fund, Whitebark Investors, which has been spun out of the firm under the leadership of Thomas McConnon.
Hedge funds have slashed their bullish bets on crude oil to the lowest level seen in more than 13 years, amid concerns of growing supply and weakening demand, according to a report by Bloomberg.
The once-booming multi-manager hedge fund sector, pioneered by firms like Citadel and Millennium, has seen its first net outflows in seven years, signalling that investor interest may be fading, according to a report by the Financial Times citing data from
Elliott Management, the New York-based hedge fund renowned for its aggressive investment tactics, is set to play a pivotal role in the future of Thames Water after acquiring the utility company’s debt at significantly reduced prices, according to a report
Japan has become a bright spot in Asia’s $400bn hedge fund sector, attracting new fund launches as other regions experience closures amid a resurgence in the country’s capital markets and despite August’s wild volatility, according to a report by Reuters.
Emerging hedge funds are balancing competitive fee models and running lean operating models to remain attractive to investors, according to a new research report by the Alternative Investment Management Association (AIMA) in partnership with Marex Prime Services.
China’s covert strategy to manage its currency is exposing domestic banks to potential multi-billion-dollar losses, while providing hedge funds and other investors with lucrative profits, according to a report by Bloomberg.
