Citigroup Inc has observed a significant shift in carry trade strategies, with hedge funds increasingly borrowing US dollars rather than Japanese yen to invest in emerging-market currencies, according to a report by Bloomberg.
Mega-cap tech stocks remain the cornerstone of hedge funds’ top 20 equity positions, according to a report by MarketWatch citing recent analysis of 332 money managers with in excess of $1bn in AUM.
David Goel, a former protégé of Tiger Management founder Julian Robertson, has decided to close his $11bn hedge fund firm Matrix Capital Management and return client cash, due to personal health issues, according to a report by Bloomberg.
Hedge funds are making a notable pivot, selling off industrial stocks at the fastest rate since December while continuing to buy energy stocks for the fourth consecutive week, according to a report by Reuters.
Trend-following commodity trading adviser hedge funds have shifted their stance on Japanese equities, moving away from a bearish outlook to begin buying again late last week, according to a report by Channel News Asia.
Dubai-based Magellan Capital Holdings Ltd is set to launch a $700m multi-strategy hedge fund next month, in what will be one off the largest ever fund debuts in the United Arab Emirates, according to a report by Bloomberg.
Coatue Management, the hedge fund firm led by Philippe Laffont, increased its stake in Nvidia by 893% in Q2 to 13.75 million shares with the position in the chipmaker now accounting for 6.61% of the firm’s investment portfolio, according to
ExodusPoint Capital Management saw a $1bn decline in AUM during H1 2024 to $11.04bn as of 30 June, down from $12.02bn at the end of 2023, according to a report from Reuters. At its peak in December 2022, the firm
Viking Global Investors, the hedge fund firm led by Andreas Halvorsen, has chalked up big gains from a decision earlier in the year to shift all of its General Electric Co exposure to the firm’s newly independent clean energy division
A yen-focused carry trade that contributed to recent market turmoil as investors moved to unwind positions following a number of hawkish moves by the Bank of Japan and concerns over the US economy, is attracting renewed interest from hedge funds,
