Man Group is preparing to launch a dedicated cryptocurrency hedge fund despite the current turmoil in the market sparked by the collapse of Sam Bankman-Fried’s digital exchange operator FTX, according to a report by Bloomberg.
Founder Dan Och and other former senior executives of Sculptor Capital Management have resolved a legal fight with the hedge fund by forming a special committee to explore potential transactions, according to a report by Bloomberg. The report cites a
Steven Cohen’s Point72 Asset Management focused on dividend-paying stocks in Q3, upping its holding in two tech companies and opening two new positions in the energy sector, according to a report by Investing.com. The $24 billion hedge fund firm, which
The recent 10% rally in the S&P 500 bypassed some of the world’s largest equity hedge funds, according to a report by Bloomberg, with many missing out on boosting returns by failing to ramp up bullish bets in Q3. Having
TCI Fund Management wants Google parent Alphabet to reduce costs by cutting its headcount in a bid to adjust to slower growth according to a report by Reuters. The activist investor also wants the company to cut losses at its
Cederberg Capital, a hedge fund focused on investments in Chinese stocks, has reduced its investor fees following continued poor returns due to China’s reluctance to lift strict Covid restrictions, according to a report by Today Online. The report cites a
Ikigai Asset Management, a California-based crypto hedge fund established by Travis Kling, has only managed to withdraw “very little” of the “large majority” of the firm’s assets from bankrupt FTX, according to a report by u.today. Kling, a former portfolio
LMR Partners has become the latest hedge fund to announce plans to open an office in Dubai following the likes of Millennium Management and ExodusPoint Capital Management in establishing a presence in the emirate, according to a report by Bloomberg.
Hedge funds Farallon Capital Management and Triatomic Capital are among the large investors to benefit from Elon Musk’s $44 billion deal to acquire Twitter having added positions in the company during the third quarter of the year, according to a
Bridgewater Associates chalked up further losses on its bets on Chinese stocks in the third quarter of the year as Beijing’s continuing zero-Covid policy and monetary tightening policy in developed markets prompted the biggest sell-off since 2015, according to a
