Hedge fund Marshall Wace has made a multi-million pound gain on a bet against NatWest as the bank’s stock tumbled in value following the departure of Chief Executive Alison Rose and Peter Flavel, the boss of private bank subsidiary Coutts,
Canadian asset management firm Brookfield Corporation is closing down Brookfield Hedge Solutions Advisors, a $1.3bn multi-strategy hedge fund platform within the $825 billion conglomerate, according to a report by Business Insider.
Concerns over US life insurance company Lincoln National’s exposure to commercial real estate have prompted two hedge funds to wager that the company’s bonds will fall, or that its default risk will increase, according to a report by Reuters.
US-based hedge funds sold around $700m in New York-listed shares of Chinese companies during July amid a rally in the country’s stocks, according to a report by Bloomberg citing data from Morgan Stanley’ prime brokerage division.
A rally in prices across the energy complex, which has seen crude prices climb above $80 a barrel and petrol prices surge to multi-month highs, has prompted hedge funds to up their bullish wagers in the sector, according to a
Walmart has paid $1.4bn to acquire Tiger Global Management’s remaining stake in Flipkart, in a deal that values the Indian e-commerce giant at $35bn, according to a report by Bloomberg, citing a letter sent by Tiger Global to investors.
Alessandro Balata, Louis Stewart, and Nikita Fadeev, Partners at Fasanara Digital, the crypto arm of Fasanara Capital, discuss trends in the market, the role of off-exchange settlement solutions and the way technology has helped facilitate progress.
Davidson Kempner Capital Management is reviewing its decision to provide Indian ed-tech firm Byju’s with a $250 million loan, amid a deepening crisis at the firm, and to date, has not fully disbursed the funds, according to a report by
Oil trader Pierre Andurand’s main hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month, taking year-to-date losses to a record 51%, according to a report by Bloomberg.
External auditors have concluded SES Imagotag did not overstate revenue or buy and sell repeatedly on round trip transactions between its Chinese business partner, BOE, as claimed recently by short seller Gotham City Research, according to a report by Reuters.
