Profits last year at multi-strategy hedge fund major Citadel were boosted by a bumper 12 months for the firm’s commodities trading business, which generated more than $4bn in 2023, according to a report by Bloomberg.
London’s Court of Appeal has ruled that Argentina must pay a deposit of €310m ($337m) before a full appeal can be heard in a court case brought by hedge funds seeking $1.5bn in compensation over losses incurred in the country’s
Fundraising for Bobby Jain’s much anticipated hedge fund launch later this year has reached $3bn, roughly half of the revised target for the new fund, which is expected to begin trading in July, according to a report by Bloomberg.
Starboard Value, the US activist hedge fund firm founded in 2002 by Jeffrey Smith and Mark Mitchell, has nominated four people to the board of Alight as part of a push for change at the US benefits services provider, according
Rokos Capital Management, the macro hedge fund major founded by Chris Rokos, stands to make a profit of more than $1bn after a bet on US interest rates paid off following a sell-off in US bonds, according to a report
Multi-strat major Millennium Management, and Qube Research & Technologies, one of London’s biggest computer-driven hedge fund firms, are betting against German mortgage lender Deutsche Pfandbriefbank because of its exposure to the troubled US commercial real estate market, according to a
Hedge funds turned net sellers of US stocks last week, selling more shares than they bought as the major US stock indexes turned negative following five straight weeks of gains, according to a report by Reuters.
Capula Investment Management’s $3.5bn Capula Tactical Macro fund, which is run by Partner and Senior Portfolio Manager Nat Dean, is to be spun out of the firm into a separate business during the second half of the year, according to
Wealhouse Capital Management’s Amplus Credit Income Fund, a Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row, is betting that the Bank of Canada is poised to make its first interest rate cuts since
Concerns over potential extremes in the market prompted hedge funds to reduce their exposure to the so-called Magnificent Seven megacap tech stocks in the final quarter of last year, according to a report by Bloomberg.
