Michael Burry, the investor made famous by The Big Short, says he continues to trade actively despite deregistering his hedge fund firm, Scion Asset Management, with the SEC earlier this month, according to a report by Bloomberg.
Hedge funds with sizeable exposure to Argentina, including Redwood Capital Management, booked standout gains in October after a sweeping US rescue package and a strong midterm performance for President Javier Milei’s party triggered a powerful rally across the country’s assets,
Klarna has struck a two-year forward-flow agreement with Elliott Investment Management that will see Elliott funds purchase as much as $6.5bn of the fintech’s longer-duration US consumer loans, according to a report by Bloomberg.
Marshall Wace is planning to return roughly $3.1bn to investors across two of its flagship hedge fund strategies, joining a growing list of major managers choosing to curb asset growth to protect performance, according to a report by Bloomberg.
Tiger Global Management sharply cut its exposure to Meta Platforms in the third quarter, reducing its stake by 63%, according to a report by Reuters citing the the fund’s 13F regulatory filing for the third quarter of the year.
Ken Griffin, founder of multi-strategy hedge fund major Citadel, is selling a Palm Beach property at 151 Worth Avenue, which previously housed a Neiman Marcus outpost, for approximately $81m, according to a report by Bloomberg citing the buyer, TZ Capital.
Peter Thiel’s hedge fund, Thiel Macro, liquidated its entire Nvidia position during Q3, offloading roughly 538,000 shares worth around $100m at quarter-end, according to a report by Reuters citing a regulatory filing released on Friday.
Steve Cohen’s Point72 Asset Management has sharply reduced its exposure to Sphere Entertainment, unloading roughly 85% of its position as the stock surged this year, according a report by Sportico citing a recent SEC regulatory filing.
Executive search firm Bay Street Advisors has expanded its hedge fund and alternatives practice with the appointment of Dominique Lawrence, who joins from joins from Jackson Lucas, as a director, according to a report by Hunt Scanlon Media.
Boaz Weinstein’s (pictured) Saba Capital Management has been actively selling credit protection on big tech names as lenders and asset managers rush to hedge growing concerns around the sector’s debt-fuelled AI spending spree, according to a report by Reuters.
