TOP STORY: Tiger Global Management, Pershing Square, and Third Point are among the hedge funds to have upped their bets on big technology stocks, even as the sector stumbled slightly in the third quarter, according to a report by Reuters.
Hedge fund manager Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis as depicted in the movie ‘The Big Short’, added a bearish options position on semiconductors in Q3, according
Azenta, a provider of life sciences services including genomics, cryogenic storage, automation, and informatics, has announced changes to its board in return for a commitment from activist investor Politan Capital Management not to push for seats, according to a report
Talks over a potential tie-up between Millennium Management, the $60bn multi-strategy hedge fund firm led by Izzy Englander, and Schonfeld Strategic Advisors, have ended without an agreement being reached, according to a report by the Financial Times.
Hedge funds that employ long-short strategies have been hit by the imposition of a new cap on OTC derivatives by Chinese regulator the CSRC, with the country’s securities firms having been instructed to cease expanding their operations in this area,
Hedge funds and money managers have upped their bearish bets on on US oil fourfold in the past month as demand concerns return to markets, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Trikon Asset Management Ltd, the Hong Kong-based hedge fund firm founded by Moore Capital alumnus Gaurav Grover, is to cease operations after about five years of trading, according to a report by Bloomberg.
Hunterbrook, a VC-backed hedge fund firm, has begun hiring financial journalists who will operate independently from, but provide support to, its research team in identifying possible investments, according to a report by the Financial Times.
Global hedge funds topped their bearish positions in US financial stocks to the highest level seen in nearly five years last week, according to a report by Reuters citing data from Goldman Sachs prime brokerage division.
London-based multi-strategy firm Eisler Capital has become the latest hedge fund to limit the amount of money investors can withdraw from the firm’s funds, as demand for its services increases, according to a report by Bloomberg.
