Managers
As the path of interest rates in Europe becomes clearer, hedge funds are increasingly capitalising on range-bound markets by systematically selling rates volatility, according to a report by Risk.net, citing data from dealers.
Former Liontrust Tortoise fund managers Matthew Smith and Tom Morris have launched their new hedge fund, QSM Capital, which aims to differentiate itself by offering a blend of traditional and alternative investment strategies.
Pershing Square has abruptly cancelled the IPO of Pershing Square USA, just days before it was set to debut on the New York Stock Exchange, and months after founder Bill Ackman suggested it would be one of the largest IPOs ever, according to a report by Reuters.
Case Hedgefond, a multi-strategy Swedish hedge fund that once managed more than SEK15bn (€1.29bn), is set to merge into Case Fonder’s credit hedge fund, Case Credit Opportunity, after assets dwindled to just €100m.
Hedge funds Nut Tree Capital Management and Caspian Capital have upped their bid to acquire fuel storage and transportation company Martin Midstream Partners, according to a letter reviewed by Reuters on Monday.
More than 50% of America’s largest hedge funds are now investing in cryptocurrencies – and bitcoin in particular – a clear sign of increasing institutional adoption of the asset class, according to a report by The Street citing data from investment firm River.
Hedge funds are swiftly reducing their positions in industrial stocks, turning their attention to sectors tied to commodities such as energy and materials amid rising geopolitical tensions and fears of economic slowdowns in the US and China, according to a report by Bloomberg.
Despite the recent selloff in AI stocks, Asian hedge funds have maintained the strong confidence in technology companies which has supported an otherwise stellar start to the year, according to a report by Bloomberg.
Pershing Square boss Bill Ackman announced on Tuesday that his new listed investment vehicle, Pershing Square USA, is aiming to raise approximately $2bn in capital, a significant reduction from the initial $25bn target he had envisioned, according to a report by Reuters.
Global hedge funds have been rapidly reversing their bearish positions on European stock markets, unwinding bets at the fastest pace seen in a decade amid a series of better-than-expected corporate earnings, according to a report by Reuters.
