Funds
Alex Gerko, the billionaire founder of quantitative trading firm XTX Markets, is taking steps to wind up the investment partnership at the centre of a long-running UK tax dispute, according to a report by Bloomberg.
China’s quantitative hedge funds are staging a sharp recovery after suffering heavy losses during July’s market selloff, with popular index-enhancement strategies once again outperforming their benchmarks, according to a report by Bloomberg.
Saba Capital Management, led by Boaz Weinstein (pictured) has stepped up its campaign at Baillie Gifford US Growth Trust, proposing three new directors and calling for a full cash exit for shareholders at or near net asset value.
Citadel has sold more than 80 per cent of the positions it acquired from Situational Awareness, following the AI-focused hedge fund’s near-collapse during last month’s technology sell-off, according to a report by the FT.
Quantitative hedge funds suffered their sharpest daily decline in more than two years ton Wednesday as violent market rotations battered momentum strategies, adding to pressure on systematic managers following last month’s technology sell-off, according to a report by the Financial Times.
Hedge funds endured their sharpest monthly underperformance against the S&P 500 in more than two decades in July, as a reversal in AI stocks forced managers to cut positions and reduce exposure to some of the market’s most crowded trades, according to a report by CNBC citing data from Goldman Sachs.
Hamza Lemssouguer’s Arini Capital Management suffered a sharp setback in July, with its flagship hedge fund falling about 8% after several credit positions moved against the London-based manager, according to a report by Bloomberg citing unnamed people familiar with the results.
Rokos Capital Management and Brevan Howard Asset Management were among a group of prominent hedge funds to suffer losses in July as sharp swings in artificial intelligence stocks disrupted strategies across the industry, according to a report by Bloomberg.
China’s macro hedge funds, including Bridgewater Associates’ China business, proved more resilient than many of the country’s quantitative strategies during July’s sharp equity market selloff, according to a report by Bloomberg.
Bill Ackman’s Pershing Square is preparing to launch a new investment vehicle designed to give investors access to privately held companies before they reach public markets, extending the firm’s expansion beyond its traditional concentrated public-equity strategy, according tp a report by Bloomberg.
