Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s first new hedge fund in decades, according to a report by Bloomberg.
Cliff Asness’s AQR Capital Management has touted the resurgence of convertible arbitrage, a niche strategy that capitalises on debt convertible into equity, according to a report by Bloomberg.
Hedge fund managers focusing on mergers and acquisitions have outperformed those using other strategies, achieving a 7.7% return in the first five months of 2024, according to a report by Reuters citing a Goldman Sachs client note.
Strategists at TD Securities have observed that the unwinding of the carry trade—a strategy where investors exploit interest rate differentials between countries—is gaining traction among clients, according to a report by MarketWatch.
Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to what he describes as one of the world’s most expensive valuations, according to a report by Bloomberg.
SkyBridge Capital, the $7.9bn New York-headquartered alternative investment firm founded by Anthony Scaramucci, has partnered with South Korean securities firm Woori Investment & Securities, according to a report by WealthBriefingAsia.
Saba Capital Management has requested a US judge to prevent BlackRock from employing a tactic that Boaz Weinstein’s hedge fund firm claims will restrict investors’ rights to elect the board of one of its closed-end funds, according to a report
Terraform Labs and its former CEO, Do Kwon, have agreed to a $4.5bn settlement with the US. Securities and Exchange Commission following a jury verdict that held them liable for orchestrating a prolonged fraud involving crypto asset securities, according to
Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to a
US federal financial regulators are lagging in their oversight of hedge funds’ use of AI for trading decisions, posing a serious threat to market stability, according to a report by FedScoop.
