With an interest rate decision by the European Central Bank looming large this week, hedge funds have turned more negative on the euro, cutting their net long positions in the currency by nearly 90% in just one month, according to
Fahad Ghaffar, a longtime business partner of John Paulson in Puerto Rico, has sued the hedge fund veteran alleging Paulson made fraudulent claims to convince him to invest $17m in a luxury car dealership on the island, according to a
Man Group has completed its previously announced acquisition of Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management and $15.4bn of total client commitments, having received all necessary regulatory approvals.
The Financial Stability Board (FSB) has warned that some hedge funds now have “very high levels of synthetic leverage”, debt created by the use of derivatives or other financial instruments that frequently does not show up on balance sheets, according
The US Federal Reserve’s apparent ‘higher-for-longer’ thinking on interest rates, coupled with rising Treasury yields, means that the current rally in the US dollar has further to go, making the greenback “too risky to short”, according to a report by
Former Millennium Management executive Bobby Jain is continuing preparations for what is expected to be one of the biggest hedge fund debuts in history by making a number of key appointments and securing office space around the world, according to
The dramatic increase in global interest rates over the past 18 months has prompted hedge fund investors to warn managers that they face an increased risk of redemptions and pressure to cut fees unless they can improve their performance, according
Man Numeric, the quant investment arm of Man Group, the world’s largest listed hedge fund manager, is aiming to execute 100% of its high-yield and investment-grade bond trades via digital platforms within two years, according to a report by Bloomberg.
A fall in US inventories of crude oil prompted hedge funds and other money managers to purchase the equivalent of 19 million barrels in the NYMEX and ICE US crude (WTI) futures and options contracts over the seven days ending
GenTwo, a Swiss-based B2B Fintech platform specialised in securitisation of bankable and non-bankable assets, has raised $15m in a Series A led by US-based Point72 Ventures, the VC associate of Steve Cohen’s hedge fund firm Point72 Asset Management.
