Hedge funds have made a notable shift in their investment strategies, selling off semiconductor stocks and purchasing shares in software companies instead, according to a report from Bloomberg citing data from Goldman Sachs’s prime brokerage desk.

Hedge funds have significantly increased their bets against Eurozone government bonds to the highest level seen in over two years, amid expectations that persistent inflation will limit the ECB’s ability to make further interest rate cuts this year.

Paul Singer’s activist hedge fund firm Elliott Investment Management has acquired an almost $2bn stake in Southwest Airlines and intends to advocate for changes at the airline, according to a report by the Wall Street Journal.

Hedge funds Rokos Capital Management and Andurand Capital Management have emerged as key players in the copper market, making significant bets on rising prices that have already yielded early gains, according to a report by Bloomberg.

Indian hedge fund firm Avendus Capital sees bets on the country’s banking sector as its preferred option for stock market wagers amid what it sees as a favourable upcoming interest rate cycle and the bottoming out of net interest margins,

Reports that the Bank of Japan is likely to discuss the reduction of bond purchases as early as next week has prompted hedge funds to pivot on yen options trades and up their bullish bets on the currency, according to

Dymon Asia Capital, the Asia-focused hedge fund firm founded by Danny Yong and Keith Tan in 2008, is expanding its Hong Kong office bucking a local trend that has seen many international financial firms reduce their floorspace in the city.