Funds
South Korea’s main stock exchange has postponed the launch of weekly options linked to some of the country’s largest companies, citing heightened market volatility as retail-driven trading activity fuels sharp swings in local equities, according to a report by the FT.
Danny Moses, the investor best known for profiting from the 2008 financial crisis, is positioning for a potential downturn in US credit markets as signs of stress begin to emerge across parts of the economy.
Takeshi Natsuno, CEO of Japanese media and gaming group Kadokawa Corporation, has retained his board seat following a closely watched shareholder vote, despite a campaign by activist hedge fund Oasis Management calling for his removal, according to a report by Reuters.
Hedge funds appear likely to secure another carve-out from the European Union’s evolving sustainability disclosure framework, as policymakers continue efforts to streamline ESG reporting requirements across the financial sector, according to a report by Bloomberg.Â
TOP STORY: Goldman Sachs is on track to generate more than $5bn in equities trading revenue during the second quarter, putting the Wall Street bank within reach of another near-record performance as heightened market volatility continues to drive client activity, according to a report by Bloomberg.Â
Tycho Capital has expanded its alternatives platform with the launch of the Tycho Zazove Convertible Arbitrage Fund, a strategy managed by US-based convertible securities specialist Zazove Associates.
Millennium Management has hired a senior credit trader from Tower Research Capital, according to reports, marking another example of the continued competition for talent between hedge funds and proprietary trading firms.
Multi-strategy hedge fund ExodusPoint Capital is set to hire most of the investment team from Hong Kong-based hedge fund Ovata Capital Management, according to people familiar with the matter, in a move that will expand its presence in Asia while bringing an end to one of the region’s established investment firms, in a report by Reuters.Â
A new generation of hedge fund managers is turning to artificial intelligence to compete with some of the industry’s largest and most established firms, using AI agents to automate research, generate investment ideas and streamline portfolio analysis, according to report by Bloomberg.Â
Coatue Management founder Philippe Laffont is positioning one of his largest artificial intelligence bets around semiconductor equipment suppliers rather than chipmakers themselves, arguing that the sector offers a more attractive way to gain exposure to the AI buildout, according to a report by CNBC.
