Managers
Hedge funds held their most bearish outlook on the yen since August ahead of last week’s US presidential election, a sign many investors anticipated a Donald Trump victory, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Jim Pallotta’s family office, Raptor Group, is investing in a new hedge fund, Trevally Capital, which aims to capitalise on distressed sectors within the US housing market by trading US residential mortgage-backed securities (RMBS), according to a report by Bloomberg.
New York-based multi-strategy hedge fund firm Cinctive Capital Management achieved a strong 4% gain in October, outpacing its peers and defying the market trend as the S&P 500 fell by 1%, according to a report by Finimize.
Hedge funds have boosted their bullish stance on West Texas Intermediate (WTI) crude to the highest level seen since March, driven by OPEC+’s decision to delay a planned output hike and heightened geopolitical tensions in the Middle East, according to a report by Bloomberg.
Hedge funds betting against Tesla have chalked up paper losses of more than $5bn since Donald Trump’s election victory, as shares in the EV maker surged following the endorsement of Trump by the firm’s CEO Elon Musk, according to a report by Bloomberg.
Macro trader Chris Rokos captured nearly $1bn in profits during Wednesday’s market rally following Donald Trump’s re-election, marking one of his most lucrative days since founding Rokos Capital Management in 2015, according to a report by Bloomberg.
Dan Loeb’s hedge fund, Third Point, posted a 2.7% gain in October, bringing its year-to-date performance up to 18.4%, placing the firm within striking distance of its best annual return since 2021 when it recorded a 23.9% return, according to a report by Institutional Investor.
Perseverance Asset Management, one of China’s largest hedge funds with over RMB100bn ($14bn) under management, has advised some clients to consider taking profits due to rising risks tied to the return of Donald Trump to the White House, according to a report by Bloomberg.
Hedge funds, including Arrowstreet Capital and Qube Research & Technologies, that bet against renewable energy stocks have seen profits soar by over $1.2bn following the steep sell-off in the sector triggered by Donald Trump’s election victory, according to a report by the Financial Times.
BlackRock is in preliminary discussions with Millennium Management to explore a potential strategic partnership that could see the world’s largest asset manager take a minority stake in one of the hedge fund industry’s most profitable firms, according to a report by the Financial Times.
