Managers
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.
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
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.
Energy-focused hedge fund manager e360 Power has adopted a more conservative trading approach after closing its flagship fund following losses and investor redemptions tied to volatile US natural gas and power markets, according to a report by Bloomberg.
SPS Commerce is evaluating a potential sale of the business following increasing pressure from activist shareholders, according to a report by Reuters.
UK fixed income investors now have access to a single consolidated view of bond trading activity following the launch of the country’s long-awaited consolidated tape, a move expected to improve market transparency and support further growth in electronic trading, according to a report by Bloomberg.
Hedge fund positioning in crude oil turned increasingly bearish in the run-up to diplomatic progress between the US and Iran, with investors building short exposure ahead of signs of easing geopolitical tension that later helped pressure energy markets lower, according to a report by Bloomberg.
