Managers
As a tight US election race heads to its conclusion, some hedge funds are pivoting toward currency options that could profit from a weaker dollar in the event of a Kamala Harris presidency, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corp (DTCC).
Hedge funds concentrated on European equities faced their most significant monthly losses in over a year during October, primarily due to a broader market sell-off, according to a report by Reuters citing data from the Prime brokerage division at Goldman Sachs.
Hedge funds are increasingly turning to options on bank short volatility quantitative investment strategies (QIS) as a way to capture volatility premiums while capping potential losses, with BNP Paribas, Citi, and UBS all launching call options, according to a report by Risk.net.
MPP&E Capital, a newly established quantitative hedge fund based in London, is set to launch later this year with single managed account (SMA) allocations, followed by an institutional commingled fund launch in Q1 2025, according to a report by Alternatives Watch.
Global hedge funds are heading into the US presidential election with significantly higher equity leverage in their portfolios than at the start of the year, signalling an increased appetite for risk, according to a report by Bloomberg.
Hedge funds and other speculative traders are positioning for a further rally in the dollar as demand for safe-haven assets intensifies ahead of the US presidential election, according to a report by Bloomberg citing data from The Commodity Futures Trading Commission (CFTC).
China’s quantitative hedge funds, which have consistently outperformed in recent years, are struggling to keep up as the government’s recent economic stimulus has triggered a surge in local stocks that has strained their models and short positions, according to a report by Bloomberg.
Toronto-headquartered legal technology company Dye & Durham has appointed Luke McCormick to its board of directors with immediate effect. The appointment is in line with its cooperation agreement with activist hedge fund firm Blacksheep Fund Management.
Neil Campling and Toby Clothier, the analysts known for identifying potential fraud at German payments firm Wirecard years before its collapse, have shut down their hedge fund, Chameleon Global Master Fund, due to its limited scale, according to a report by City AM.
Pfizer CEO Albert Bourla has defended the drugmaker’s turnaround strategy in response to criticism from activist hedge fund firm Starboard Value, after reporting stronger-than-expected quarterly profits on the back of robust sales of its Covid-19 treatment Paxlovid, according to a report by Reuters.
