Managers
Shanghai-based macro hedge fund Banxia Investment Management, led by prominent manager Li Bei, is exiting its China bank positions as the nation’s deepening property crisis threatens to cascade into the financial system via rising bad loans, according to a report by Bloomberg.
Hedge funds are reloading long yen positions in anticipation of potential currency discussions at this week’s G7 meeting, with growing expectations that Japan may come under pressure to allow a stronger yen as part of broader US-Asia currency diplomacy, according to a report by Bloomberg.
Jacopo Moretti, a former senior executive and co-founder of hedge fund DL and Partners, has brought a claim for unfair dismissal, harassment, and discrimination against the firm, its founder Davide Leone, and four directors, according to a report by Reuters.
Ray Dalio, the founder of Bridgewater Associates – the world’s largest hedge fund – is preparing to open a new family office in Riyadh, Saudi Arabia, according to a report by the New York Post citing unnamed sources familiar with the matter.
Hedge funds, including ex-Credit Suisse star trader Hamza Lemssouguer’s Arini, are making a push into the $1.3tn US collateralised loan obligation (CLO) market, unveiling debut vehicles and stepping up competition for scarce leveraged loan supply, according to a report by Bloomberg.
Hedge funds ramped up bullish positions on Brent crude last week to their highest level in over a month, as a temporary easing of US-China trade tensions renewed investor optimism across the commodity complex, according to a report by Bloomberg.
Daniel Loeb’s hedge fund Third Point has disclosed significant positions in US Steel and Kenvue, signalling potential activist interest in two companies currently under strategic and regulatory pressure, according to a report by Reuters.
Speaking at the Sohn Investment Conference in New York, Discovery Capital founder and macro hedge fund manager Rob Citrone highlighted Mexico’s America Movil as his top stock choice, citing the company’s broad exposure across Latin America, according to a report by Reuters.
In a significant portfolio overhaul during Q1, Michael ‘Big Short’ Burry’s Scion Asset Management almost liquidated its entire listed equity holdings while simultaneously increasing bearish wagers on Nvidia and key Chinese technology stocks, according a report by Bloomberg.
Activist hedge fund H Partners is claiming a partial victory in its campaign to force change at Harley-Davidson, despite the re-election of three incumbent board members at the firm’s annual meeting, according to a report by Bloomberg.
