Managers
Some of the world’s largest hedge funds including Balyasny Asset Management and DE Shaw, are recruiting doctors, scientists, and healthcare analysts to gain specialised insights into pharmaceutical stocks amid heightened volatility in the sector, according to a report by Reuters.
Quantitative hedge funds including Qube Research, Squarepoint Capital, and Engineers Gate, which are traditionally dominated by computer-driven strategies, are increasingly incorporating human traders into their operations, according to a report by Business Insider.
Ramesh Karthigesu, a former Marshall Wace executive and founder of Kaizen Capital Partners, is shutting down his Asia-focused hedge fund to join multi-strategy major Millennium Management, according to a report by Bloomberg.
Hedge funds are increasingly targeting the euro for short trades against the yen, driven by speculation that the Bank of Japan (BOJ) will raise interest rates and political uncertainty in Europe, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation (DTCC).
Millennium Management, one of the world’s largest multi-strategy hedge fund firms, is investing nearly $3.3bn in two newly formed trading teams as part of its aggressive push to expand its portfolio of internal and external talent, according to a report by Bloomberg.
Paloma Partners, the hedge fund founded by Donald Sussman, is opting to repay investors seeking to withdraw funds with a mix of cash and IOUs following a wave of redemption requests, according to a Wall Street Journal report.
Several large hedge fund firms, including Balyasny Asset Management and Schonfeld Strategic Advisors, capitalised on the market turbulence triggered by Donald Trump’s re-election last month, positioning the industry for its best annual performance in four years, according to a report by Bloomberg.
Activist investment firm Metage Capital has called on HarbourVest Global Private Equity (HVPE) to either introduce quarterly tender offers to address its significant share price discount or liquidate its £3.4bn ($4.3bn) portfolio, according to a report by CityWire.
Shares of German speciality chemicals company Lanxess soared by as much as 10% on Monday after news broke that Greenlight Capital, the hedge fund founded by David Einhorn, has acquired a stake of over 5% in the business, according to a report by Reuters.
Michael Germino’s Ghisallo Capital Management has obtained a regulatory license for its Hong Kong operations, marking a rare move by a foreign hedge fund to expand into the city amid challenging economic and geopolitical conditions, according to a report by Bloomberg.
