Managers
Hedge funds offloaded their perviously winning stock positions at the fastest rate since the meme stock frenzy of January 2021 last week, as major technology companies saw significant declines, according to a report by Bloomberg.
iSwiss Bank has established a new company in New York, which has been authorised by the Securities and Exchange Commission to offer hedge fund investment strategies and tailored financial solutions for institutional and private clients.
A severe market crash is coming which could see stocks lose half their value, according to Mark Spitznagel, Co-Founder and Chief Investment Officer of Universa Investments, a hedge fund specialising in tail-risk hedging, which seeks to prevent losses from so called “black swan” economic events.
Hedge funds have significantly reduced their short positions against the yen, marking the most substantial cut in more than a decade following suspected market interventions by Japanese authorities to strengthen the currency, according to a report by Bloomberg.
Hedge funds have significantly increased their investments in gold, pushing their bullish bets on the precious metal to the highest level in four years amid rising investor concerns over the forthcoming US presidential election and the timing of interest rate cuts, according to a report by Bloomberg.
Kevin Byrne, the Chief Financial Officer of multi-strategy hedge fund major Millennium Management, is defecting to rival firm Balyasny Asset Management, where he will take up the role of Chief Operating Officer, according to a report by Bloomberg.
Elliott Investment Management, one of the world’s largest activist investors, has built a significant position in Starbucks, and is engaging in discussions aimed at enhancing the coffee giant’s stock performance, according to a report by the Wall Street Journal citing unnamed sources.
Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.
Ken Griffin, billionaire investor and founder of hedge fund major Citadel, has acquired the largest stegosaurus fossil ever discovered for a record-breaking $44.6m, according to a report by the Wall Street Journal. The fossil, known as “Apex,” stands 11 feet tall and 27 feet long.
Recent regulatory tightening has prompted two of China’s leading quantitative hedge funds Yanfu Investments and Zhejiang High-Flyer Asset Management to defend their industry amid calls for an outright ban on algorithmic trading, according to a report by Bloomberg.
