Managers
Honeycomb Asset Management is winding down most of its public equities portfolio and returning capital to investors, as the firm’s founder David Fiszel takes a cautious stance on today’s frothy market environment, according to a report by Bloomberg.
Hedge funds are retreating from US equities, paring back exposure for a fourth consecutive week amid persistent trade war uncertainty and stretched valuations, according to a report by Bloomberg citing a note from the prime brokerage union at Goldman Sachs.
BP is preparing to provide a crucial update on its $5bn cost-cutting programme on Tuesday, as activist hedge fund Elliott Management intensifies its campaign for deeper restructuring, according to a report by the Financial Times.
Pierre Andurand, the high-profile commodities hedge fund manager best known for his bold oil market calls, is scaling back his exposure to cocoa after a volatile and costly detour into the market led to deep losses across his funds, according to a report by Bloomberg.
Chris Rokos is the latest high-profile hedge fund manager to join the growing cohort of macro and multi-strategy firms returning capital to investors, as Rokos Capital Management looks to cap its assets under management at $20bn, according to a report by Bloomberg.
Hedge funds sharply increased their long positions in crude oil last week, seizing on geopolitical tensions as Donald Trump escalated pressure on Russia – a move that raised concerns about supply disruptions and fuelled a rally in oil markets, according to a report by Bloomberg.
Hazeltree, the treasury and liquidity management platform widely used by hedge funds and private market firms, has partnered with institutional cash investment platform TreasurySpring to integrate fixed-term investment products directly into its system.
Carronade Capital Management, an activist hedge fund led by Elliott Management alum Dan Gropper, is pressing satellite broadband provider Viasat to split off its defence business in a move it claims could unlock up to $11bn in shareholder value, according to a report by the Financial Times.
Ray Dalio, the billionaire founder of Bridgewater Associates, has officially exited the hedge fund he launched nearly five decades ago, selling his remaining ownership stake back to the firm, according to a report by the Wall Street Journal citing a letter sent to investors.
Rokos Capital Management, the $22bn macro hedge fund founded by Chris Rokos, is preparing to raise management and performance fees for clients — a move that underscores the intensifying cost pressures in an industry increasingly shaped by a bidding war for talent, according to a report by Bloomberg.
