Managers
Hedge funds, including London-based Clean Energy Transition, are eyeing buying opportunities after Donald Trump’s victory in the US presidential election sparked a sharp sell-off in stocks across the ESG investing space, according to a report by Bloomberg.
Activist hedge fund firm Elliott Investment Management has clarified it has not made demands or initiated contact with German utility giant RWE AG regarding any potential investment, according to a report by Reuters.
Pinestone Asset Management, which has been a rare success story in China’s struggling quantitative hedge fund sector, faces serious challenges following a US indictment accusing Co-Founder Xiao Zhang of trade secret theft, according to a report by Bloomberg.
In a year marked by steady gains, October proved exceptional for Schonfeld Strategic Advisors as the $11.6bn New York-based hedge fund continued its strong growth trajectory since opting out of a potential acquisition by rival Millennium a year ago, according to a report by Business Insider.
The rally in distressed emerging-market debt is expected to continue, with potential for further gains in countries like Argentina and Ukraine, according to a report by Bloomberg citing Sandglass Capital Advisors – a top-ranked hedge fund in the asset class.
AI-driven trading firm Quadrature Capital Limited has reported a steep 76% drop in pre-tax profits from £231m in 2023 to £56m in the year ending January 2024, due to a recent corporate restructuring, according to a report by the Financial Times.
Paul Goldschmid, a senior partner and longtime key player at King Street Capital Management, is set to depart from the $26bn hedge fund, where he has been instrumental in managing the firm’s credit-focussed funds, to start his own venture, according to a report by Bloomberg.
Hedge funds have historically performed better when a Democrat is in the White House, according to a report by Reuters citing data released on Tuesday by research firm Hedge Fund Research (HFR), as US voters headed to the polls.
Hong Kong-based hedge fund Zeal Asset Management, which focuses mainly on Chinese equities, is to cease operations next year, and return over $1.6bn in capital to investors as its founders prepare for retirement, according to a report by Reuters.
Coatue Management, the tech-focused hedge fund firm founded by Philippe Laffont, has set its sights on a $1bn capital raise for its flagship fund – the first in several years – as it looks to ramp up its investments in artificial intelligence, according to a report by Bloomberg.
