Managers
The largest hedge funds now control nearly three-quarters of the entire industry, with multi-strategy firms attracting the vast majority of business, according to a report by Reuters citing data from Bank of America.
Hedge funds and long-term investors surged into Hong Kong stocks on Tuesday, following the announcement of a broad stimulus package as China looks to revive its ailing economy, according to a report by ZAWYA citing a note from the prime brokerage division at Goldman Sachs.
Blackstone and Vista Equity Partners’ $8.4bn acquisition of work management software company Smartsheet has set the stage for a major payday for New York-based hedge fund Eminence Capital, known for its strategic bets on future takeover targets, according to a report by Forbes.
Palinuro Capital, a new global macro hedge fund based in Amsterdam, has secured nearly $100m in investment commitments and is gearing up to begin trading in January, according to a report by Reuters citing the firm’s founder Alfonso Peccatiello.
Gold and silver are gaining significant momentum as hedge funds increase their bullish bets on the precious metals, anticipating the Federal Reserve’s upcoming easing cycle, according to trade data from the Commodity Futures Trading Commission.
Multi-manager hedge fund firms including Millennium Management and Schonfeld Strategic Advisors are increasingly turning to an old strategy – investing in other hedge funds — as a way to deploy capital and access new talent, according to a report by Pensions & Investments.
Hedge funds significantly increased their investments in US technology and media stocks last week amid expectations of a 50 basis point interest rate reduction by the US Federal Reserve, according to a report by Reuters.
Neuberger Berman has placed Steven Eisman, best known for his role in betting against the US housing market before its collapse in 2007, on an indefinite leave of absence following controversial comments he made regarding the situation in Gaza, according to a report by the Financial Times.
Man Group Plc, the world’s largest publicly traded hedge fund firm, is implementing pass-through fees for clients of its multi-strategy hedge fund, aligning with a practice popularised by peers including Millennium Management and Citadel, according op a report by Bloomberg.
A group of hedge funds and institutional investors, including Elliott Management and BackRock, holding around £10bn of Thames Water’s debt is preparing to offer the company a temporary £1bn cash injection to stabilise its finances and pave the way for a larger restructuring, according to a report by The Times.
