Managers
Boaz Weinstein’s Saba Capital has sold its entire stake in Keystone Positive Change (KPC), marking the US hedge fund’s formal exit from its activist campaign targeting the Baillie Gifford-managed UK investment trust, according to a report by Reuters.
A widely held hedge fund bet in US rates markets – long Treasuries versus interest-rate swaps – is rapidly unwinding, as escalating tariff tensions under President Donald Trump fuel a liquidity squeeze among US banks and reshape market positioning, according to a report by Bloomberg.
Hedge funds including Citadel, Balayasny, and Qube, are accelerating their push to add Asian power market traders lured by surging volatility and structural opportunities in deregulated electricity systems across Japan and Australia, according to a report by Bloomberg.
Hiring at the world’s largest multi-strategy hedge funds slowed in 2024, but firms continued expanding their investment teams, adding over 550 portfolio managers and analysts despite a softer recruitment push compared to previous years, according to a report by eFinancial Careers.
Ken Griffin, the founder of miulti-strategy hedge fund major Citadel, has branded the sweeping trade tariffs announced by Donald Trump last week as a “huge policy mistake”, according to a report by the Wall Street Journal.
Millennium Management, the multi-strategy hedge fund founded by Izzy Englander, is expanding its footprint in Dublin as it continues to ramp up hiring, particularly in the technology sector, according to a report by the Business Post.
The US Treasury market – long viewed as the global bedrock of financial safety – is flashing red as hedge funds dump positions en masse, triggering sharp selloffs and prompting fears of a broader liquidity crunch, according to a report by Bloomberg.
Global hedge funds tracked by Morgan Stanley posted sharp losses last week as financial markets reeled from escalating US-China trade tensions, prompting managers to rapidly cut risk and push net leverage to near historic lows, according top a report by Reuters.
Saba Capital Management founder Boaz Weinstein has warned that the global credit markets could be facing an “avalanche” of stress, as escalating trade tensions threaten to accelerate bond market declines and trigger a sharp uptick in corporate bankruptcies, according to a report by Bloomberg.
US government bonds came under sharp pressure on Monday, as hedge funds aggressively unwound risk and investors sought the safety of cash, triggering one of the steepest selloffs in Treasuries since the height of the Covid-19 crisis, according to a report by the Financial Times.
