Managers
Nicolás Dujovne, who served as Argentina’s economy minister until 2019, saw his hedge fund firm Tenac Global Fund, deliver a stellar 22% net gain in 2024, buoyed by strategic bets on high-risk sovereign debt, particularly Argentine bonds, according to a report by the Buenos Aires Times.
Cheyne Capital’s hedge fund focused on Europe, the Middle East, and Africa is significantly increasing its exposure to the United Arab Emirates, citing the country’s stability as a buffer against potential fallout from US President Donald Trump’s policies, according to a report by Bloomberg.
UK-based hedge fund Altana Wealth misused a competitor’s confidential information and trade secrets to establish its Venezuelan debt-focused fund, the Altana Credit Opportunities Fund, London’s High Court ruled on Thursday, as reported by Reuters.
Robert Citrone, founder of Discovery Capital Management and a member of the famed “Tiger Cub” group of hedge fund managers, is bracing for a stock market correction by significantly cutting his firm’s equity exposure, according to a report by Institutional Investor.
Ray Dalio, founder of hedge fund major Bridgewater Associates, has issued a stark warning about the state of US government debt, calling for urgent action to reduce the budget deficit to avoid catastrophic economic consequences, according to a report by CNBC.
Elliott Investment Management has expanded its stake in US refiner Phillips 66 to more than $2.5bn, renewing its call for significant operational changes, including the sale or spin-off of the company’s midstream business, according to a report by Reuters.
London-based hedge fund Qube Research & Technologies (QRT) is building a high-tech data centre in Akureyri, Iceland, to boost its ability to analyse huge amounts of data as it bids to identify market discrepancies and profit from them, according to a report by Reuters.
Hedge funds turned bullish on US stocks last week, marking a notable reversal from the previous five weeks of selling, ramping up their buying at the fastest pace since November, according to a report by Bloomberg citing a Goldman Sachs prime brokerage report.
Ken Griffin, the founder of multi-strategy hedge fund major Citadel and market maker Citadel Securities, has issued a stark warning about the potential economic fallout from President Donald Trump’s aggressive tariff policies, according to a report by the Daily Mail.
Hedge fund investors are increasingly seeing their returns whittled away by the controversial ‘passthrough fee’ structure that allows firms to pass along nearly any expense, according to a report by Bloomberg.
