Managers
Greg Coffey, the renowned Australian hedge fund manager whose performance record earned him the nickname the “Wizard of Oz,” has emerged as a major winner amid this month’s market sell-off, according to a report by the Financial Times citing three industry insiders.
Hedge funds have pulled back from their most bullish bets on the yen, but are continuing to pay a premium to hedge their positions, reflecting increased uncertainty about the future direction of the Japanese currency, according to a report by Bloomberg.
Former BlueCrest Capital Management trader Mohit Khurana’s hedge fund, Southern Ridges Macro, has cut back on risk after incurring significant losses in the recent global market turmoil, according to a report by Bloomberg.
Vista Equity Partners has told investors that it has decided to wind down its hedge fund and related feeder funds due to a significant “structural shift” in markets favouring private assets, according to a report by Bloomberg.
Dharmesh Maniyar, who previously traded for both Paul Tudor Jones and Alan Howard before launching his own firm in 2020, is shutting down his eponymous global macro hedge fund following a wave of investor redemption requests, according to a report by Bloomberg.
Having suffered a record 3.7% loss on Monday amid market turmoil prompted by disappointing US jobs data and last week’s Bank of Japan rate hike, Japan-focused hedge funds bounced back with their best ever single-day returns, according to a report by Bloomberg.
New York-headquartered multi-strategy hedge fund firm Walleye Capital has cut about a dozen positions mainly in its investment team, including Senior Portfolio Manager Michael Martin, who served as Head of Equity Capital Markets, according to a report by Bloomberg.
Global hedge funds increased their exposure to Chinese domestic stocks and American depositary receipts in July, according to a report by the South China Morning Post citing recent data by the prime brokerage unit at Goldman Sachs.
Global investor interest in high-fee multi-strategy hedge funds is waning, according to a report by Reuters citing a recent survey by Goldman Sachs, although a growing number of investors are still planning to add hedge funds to their portfolios.
Global hedge funds have increased their bearish bets on equities on the back of growing concerns over a faster-than-anticipated economic slowdown in the US, according to a report by Reuters citing a recent client note from the prime brokerage unit at Goldman Sachs.
