Managers
Bridgewater Associates founder Ray Dalio has issued one of his starkest warnings yet about the US economy, likening the country’s $37tn debt burden to an impending “economic heart attack” and urging a return to fiscal discipline akin to the 1990s, according to a report by Fortune.
Sean Murphy, a former portfolio manager at Citadel, is launching Jerpoint Capital, a new hedge fund backed by Qube Research & Technologies, which is providing $200m in seed capital to the venture, according to a report by Bloomberg.
Multi-strategy major Millennium Management has allocated $4.2bn to two independent hedge fund managers, reinforcing its strategy of seeding top-tier external talent amid surging assets under management, according to a report by Bloomberg.
Toronto-based hedge fund manager Waratah Capital Advisors, which oversees CAD4bn in assets, is investigating a cybersecurity breach that may have exposed sensitive client information, according to a report by the Globe & Mail.
Los Angeles-based hedge fund Glendon Capital Management is positioning itself to capitalise on what it sees as the slow unraveling of the private equity boom, as liquidity pressures mount and sponsors struggle to exit ageing investments, according to a report by Bloomberg.
Walleye Capital has joined a growing cohort of elite multi-strategy hedge funds shutting their doors to new investor capital, as the $8bn firm seeks to maintain performance and absorb recent growth, according to a report by Bloomberg.
Activist hedge funds, including Tang Capital Management, are zeroing in on the biotech sector, targeting nearly $30bn in underutilised capital tied up in early-stage drug developers, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has expanded its stake in data centre operator Equinix and is in private talks with the company, according to a report by Reuters citing an unnamed person familiar with the matter.
Hedge funds are on the hunt for a record amount of premium office space in London as top-performing managers expand headcount and prepare for further growth following a stretch of outsized returns, according to a report by Bloomberg citing data from real estate consultancy Knight Frank.
New Silk Road Investment, one of Singapore’s longest-standing hedge funds, is winding down operations following declining performance and a major withdrawal of US institutional capital from Asian markets, according to a report by Bloomberg.
