Managers
The Singapore dollar is gaining traction as a favoured currency trade for hedge funds and other option investors eyeing the upcoming US presidential election, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation.
Hedge fund Walleye Capital has dismissed five portfolio managers, including Global Macro Head Anuraj Dua, as part of a new wave of job cuts, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Cost control and efficiency will be the key drivers behind an increase in demand from hedge funds for third party risk management services according to a new survey of 100 executives with a combined $901bn of assets under management, by Beacon Platform.
Jefferies Financial Group’s hedge fund, 352 Capital, is pursuing the recovery of millions of dollars in compensation from former portfolio manager Jordan Chirico, alleging his involvement in a $100m fraudulent scheme, according to a report by Bloomberg.
Mark Levine, a seasoned hedge fund manager with over two decades at activist investor Elliott Management, is stepping out on his own and will manage personal wealth through his newly established venture Sargasso Partners, according to a report by The Times.
Vantage Point Asset Management is increasing its stakes in Japanese equities and the US dollar, anticipating that a Donald Trump victory in the upcoming US presidential election will boost global growth and keep inflation elevated, according to a report by Bloomberg.
White Elk Partners, the global macro hedge fund firm founded by Carl Radford and Michael Rothlin, has marked its one-year anniversary by securing a licence to operate as a registered Investment Manager in Hong Kong.
Hedge funds are increasingly shaping the European dividend market, with futures on Euro Stoxx 50 Index dividends, once driven largely by autocallable product hedging, now seeing heightened activity from multi-strategy hedge funds employing various derivatives, according to a report by Bloomberg.
Hedge funds, asset managers, and other speculators moved into bullish dollar positions in the week ending 22 October, holding around $9.2bn in long dollar bets, according to data from the Commodity Futures Trading Commission compiled by Bloomberg.
Multi-strategy hedge fund major Millennium Management is exploring the launch of its first new fund since the company launched over three decades ago, to focus on investments in less liquid assets including private credit, according to a report by the Financial Times.
