Managers
Hedge funds have ramped up bearish bets on US stocks at the fastest pace since 2020, reinforcing expectations of further market declines, according to a report by Reuters citing a client note from the prime brokerage division at Goldman Sachs.
Jefferies Strategic Investments and Leucadia Asset Management Holdings have won a major legal victory against George Weiss, after a federal judge ruled that the hedge fund founder is personally liable for millions in unpaid debts tied to the collapse of Weiss Multi-Strategy Advisers, according to a report by Investment News.
Retail traders across Europe are engaging in a coordinated challenge to hedge funds – including Marshall Wace and Millennium – holding short positions in a handful of European stocks in a tussle reminiscent of the 2021 GameStop saga in the US, according to a report by the Financial Times.
The sharpest plunge in the Turkish lira in four years has soured one of the most lucrative carry trades in emerging markets – forcing multi-strategy hedge funds to unwind positions, according to a report by Bloomberg.
Boundary Creek Advisors, a New York-based credit hedge fund founded by former BlueMountain Capital Management traders, is returning part of its capital to investors as it looks to shrink its asset base following three consecutive years of losses, according to a report by Bloomberg.
The recent market downturn, which pushed the S&P 500 into correction territory after falling more than 10% from its peak, was not driven by hedge funds rushing to exit equity positions, according to a report by MarketWatch citing a client note from Barclays.
Citadel, the multi-strategy hedge fund major led by Ken Griffin, has made one of its largest investments in the US natural gas market, agreeing to acquire assets from Paloma Natural Gas in a deal valued at approximately $1bn, according to a report by Bloomberg.
Hedge fund Engine Capital has launched a campaign to overhaul the board of directors at Parkland Fuel, urging the gas station operator to act decisively on its strategic review initiated earlier this month, according to a report by the Globe & Mail.
Mining giant Rio Tinto has reaffirmed its commitment to a dual-listed structure and urged shareholders to reject a proposal by activist hedge fund Palliser Capital to review its listings in London and Sydney, according to a report by Reuters.
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