Managers
Hedge funds aggressively sold off US equities for a fifth consecutive week last week, anticipating market turbulence ahead of President Donald Trump’s new tariff measures, according to a report by Bloomberg citing data from Goldman Sachs’ prime brokerage unit.
US activist investor Saba Capital Management may have lost the first battle in it bid to overhaul Britain’s £269bn ($333bn) investment trust sector, but the war is far from over with five more trusts set to face shareholder votes over control of their boards this week, according to a report by Reuters.
Hedge funds have poured billions into bets against the US stock market, anticipating a potential crash under Donald Trump’s presidency, according to a report by the Telegraph citing data from Goldman Sachs showing a sharp rise in short positions in US stocks.
Balyasny Asset Management, the multi-strategy hedge fund firm led by Dmitry Balyasny, is expanding its footprint in Connecticut, securing a 10,464-square-foot office lease at 2187 Atlantic St in Stamford, according to a report by Connect CRE.
Hedge fund giant Elliott Management has sounded the alarm on what it describes as a speculative frenzy in cryptocurrencies, blaming the Trump administration’s support for digital assets as a key driver of the bubble, according to a report the Financial Times.
Hedge funds and other institutional investors poured into euro zone government debt sales in January, capitalising on higher bond yields and favourable pricing dynamics to drive record demand, according to a report by Reuters.
Daniel Loeb, the founder of hedge fund Third Point, is pushing for a transparent and competitive sales process at SoHo House, urging the company’s board to consider alternative bidders beyond the existing take-private offer, according to a report by Reuters
Fortress Investment Group and Lighthouse Investment Partners have agreed to merge their global multi-strategy hedge funds, aiming to leverage each other’s expertise in response to growing investor demand for diversified hedge fund strategies, according to a report by Bloomberg.
Hedge funds are still spending too much time on spreadsheets despite the advanced technologies available to them, new global research by Beacon Platform shows. And they are incurring greater, and possibly unnecessary, risks by doing so.
Avendus Capital, the Indian financial services firm backed by private equity giant KKR, is shutting down its hedge fund division, with market veteran Andrew Holland, Chief Executive Officer of the Avendus Capital Alternate Strategies set to depart, according to a report by Mint.
