Managers
Hedge funds offloaded energy stocks at the fastest pace since September 2024 – and the second quickest rate in the past decade – last week, as crude oil prices dropped sharply following easing geopolitical tensions in the Middle East, according to a report by Reuters.
Hedge fund Burford Capital has secured a key enforcement victory in its $16.1bn legal battle with Argentina, after a US District Judge ordered the country to transfer a controlling 51% stake in energy giant YPF to the fund within two weeks, according to a report by the Buenos Aires Herald.
Parvus Asset Management, a London-based hedge fund known for its activist investment activity, has increased its stake in French luxury group Kering to around 5%, according to a report by Reuters citing filing by France’s AMF regulator on Friday.
Hedge funds active in the insurance-linked securities (ILS) space are increasingly adopting parametric insurance, a fast-growing niche that offers quicker payouts and fewer liquidity constraints than traditional catastrophe bonds, according to a report by Bloomberg.
Hedge funds increased short positions on Brent crude last week as oil posted its steepest weekly drop in over two years, with Middle East tensions easing and OPEC+ poised to boost output again, according to a report by Bloomberg.
TOP STORY: Hedge funds including Millennium Management, Point72 and Third Point, are ramping up their push into private credit, eager to capitalise on a booming market and diversify their businesses beyond liquid trading strategies, according to a report by the Financial Times.
Denmark’s tax agency has recovered €232m from funds seized in Germany linked to Sanjay Shah, the founder of hedge fund Solo Capital and the central figure in the Cum-Ex dividend tax fraud, according to a report by Bloomberg.
Quant hedge fund Engineers Gate has topped $4bn in assets under management and grown its portfolio manager count to over 75, capping off a multi-year rebound marked by strong double-digit returns, according to a report by Business Insider.
South Korea-based hedge fund GVA is ramping up its outreach to family offices, institutional investors, and fund of hedge funds across Asia after launching a Singapore-domiciled variable capital company (VCC) earlier this year, according to a report by CityWire.
After stepping back from active trading in 2019 following years of underperformance, Dymon Asia Capital Co-Founder Danny Yong, has staged an unexpected comeback as the strategic force behind one of Asia’s few large-scale multi-manager hedge fund platforms.
