Digital Assets Report

Managers

Hedge funds have significantly reduced their short positions against the yen, marking the most substantial cut in more than a decade following suspected market interventions by Japanese authorities to strengthen the currency, according to a report by Bloomberg.
Hedge funds have significantly increased their investments in gold, pushing their bullish bets on the precious metal to the highest level in four years amid rising obviator concerns over the forthcoming US presidential election and the timing of interest rate cuts, according to a report by Bloomberg.
Kevin Byrne, the Chief Financial Officer of multi-strategy hedge fund major Millennium Management, is defecting to rival firm Balyasny Asset Management, where he will take up the role of Chief Operating Officer, according to a report by Bloomberg.
TOP STORY: Elliott Investment Management, one of the world’s largest activist investors, has built a significant position in Starbucks, and is engaging in discussions aimed at enhancing the coffee giant’s stock performance, according to a report by the Wall Street Journal citing unnamed sources.
Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.
Ken Griffin, billionaire investor and founder of hedge fund major Citadel, has acquired the largest stegosaurus fossil ever discovered for a record-breaking $44.6m, according to a report by the Wall Street Journal. The fossil, known as “Apex,” stands 11 feet tall and 27 feet long.
Recent regulatory tightening has prompted two of China’s leading quantitative hedge funds Yanfu Investments and Zhejiang High-Flyer Asset Management to defend their industry amid calls for an outright ban on algorithmic trading, according to a report by Bloomberg.
While Chinese stocks have underperformed globally over the past year, a classic hedge fund strategy has seen impressive returns in the region with long-short trades returning over 10% through late June this year, according to a report by Bloomberg.
Ilex Capital Partners, one of the major hedge fund startups of last year, is in discussions to raise an additional $1.5bn in investment capital by the end of 2024, according to a report by Bloomberg.
Event-driven hedge fund firm Gates Capital Management, one of the largest shareholders of Outdoor sports and recreation brands owner Vista Outdoor, is opposing the proposed sale of the company’s shooting-related products division The Kinetic Group to Czechoslovak Group.

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