Managers
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.
Hedge funds, long known for their diverse credit investments, are increasingly focusing on the booming private credit sector, with 37% of hedge fund allocators planning investments in the space in the second half of 2024, according to a report by Pensions & Investments.
While some of Wall Street’s largest banks are urging clients to make bullish bets on Brazil, local hedge funds are steering clear, with firms including Verde Asset Management and Ibiuna Investimentos maintaining their bets on a weaker Brazilian real, according to a report by Bloomberg.
Two Sigma, the US quant hedge fund firm founded by John Overdeck and David Siegel, is in discussions with the Securities and Exchange Commission to settle a probe related to a trading misconduct case, according to a report by the Wall Street Journal.
