Funds
Two Sigma Investments’ primary onshore China macro strategy remained under pressure in April, extending losses after a sharp drawdown triggered by geopolitical volatility linked to the Iran conflict earlier this year, according to a report by Bloomberg.
AGF Management Limited has announced it will increase its economic ownership in New York-based multi-strategy firm New Holland Capital to 50% as part of a broader push into alternative investments.
Vanguard Group, best known for its passive index investing model and $12tn in assets under management, is quietly expanding exposure to defaulted Venezuelan sovereign and PDVSA bonds in a move more commonly associated with distressed debt hedge funds, according to a report by Bloomberg.
Ralph Shu is set to rejoin Millennium Management as a senior portfolio manager focused on yen rates trading, marking another high-profile move in the increasingly active Japanese government bond trading space, according to a report by Bloomberg.
Hedge funds have made more than $2.3bn this year betting against listed gambling companies as the sector faces mounting pressure from the growth of prediction markets in the US and higher taxes in the UK, according to a report by the FT.
Billionaire hedge fund manager Paul Tudor Jones has built an $8bn options position tied to the Russell 2000, signalling growing expectations of heightened volatility across US small-cap stocks.
Elliott Management has increased its position in Hewlett Packard Enterprise while fully exiting its stake in BILL Holdings, according to recent regulatory filings, in a portfolio reshuffle that underscores the hedge fund’s selective approach to technology investing, according to a report by Barrons.
Macro hedge fund firm Brevan Howard used gains from equities trading to help offset losses in interest rate strategies during a volatile period for global markets, according to a report by Bloomberg.
Hedge funds delivered one of their strongest monthly performances in recent years in April, recovering decisively from March’s losses as gains were broad-based across all major investment strategy groupings, according to data from the Citco group of companies (Citco).
Hong Kong-based hedge fund HD Capital has outperformed the majority of its peers this year after shifting capital away from artificial intelligence-related equities and into oil tankers and shipbuilding stocks, according to a report by Bloomberg.
