Managers
Hedge funds bought US equities for only the third time this year last week, marking a cautious shift in positioning amid sustained bullishness from retail investors, according to a report by Investing.com citing data from Bank of America Securities.
Toronto-based multi-strategy hedge fund manager Polar Asset Management Partners has acquired Castlefield Associates, a relative-value, systematic futures-focused hedge fund, in a move that bolsters its quantitative investment footprint, according to a report by Pension & Investments.
Avantyr Capital Partners, the hedge fund launched by former Viking Global Investors Chief Investment Officer Ning Jin, is expected to surpass $1bn in assets at launch, making it one of the largest hedge fund debuts of the year, according to a report by Bloomberg.
A group of hedge funds, including AQR Capital Management, DRW Commodities LLC, and Pala Investments Ltd, have withdrawn their compensation claims against the London Metal Exchange over its handling of the 2022 nickel crisis, according to a report by Bloomberg.
Global hedge funds experienced only modest gains from the significant rally in US stocks triggered by a US-China trade agreement on tariffs, according to a report by Reuters citing a client note from Morgan Stanley on Tuesday.
Ken Griffin’s Citadel is playing a key role in backing legislation in Florida that would permit non-compete clauses and garden leave periods lasting up to four years in the state, according to a report by Bloomberg.
Walleye Capital has eliminated its credit and commodities teams as the multi-strategy hedge fund sharpens its focus on core areas including volatility, quantitative strategies, and fundamental long-short equity, according to a report by Bloomberg.
Activist investor Elliott Management has gained key support from proxy advisory giant Institutional Shareholder Services (ISS) in its ongoing campaign to overhaul the board of oil refiner Phillips 66 ahead of the company’s upcoming shareholder meeting, according to a report by the Financial Times.
Dai-ichi Life Holdings is set to increase its stake in UK hedge fund Capula Investment Management to approximately 15%, as part of a broader strategic shift toward bolstering its exposure to non-traditional and alternative investments, according to a report by Bloomberg.
New hedge fund managers are slashing fees and offering more investor-friendly terms in an increasingly difficult fundraising climate – unless they’re launching non-equity strategies, according to Seward & Kissel’s 2024 New Manager Hedge Fund Study.
