Digital Assets Report

Managers

Weiss Multi-Strategy Advisers, the New York-based hedge fund firm founded by George Weiss in 1978, has filed for bankruptcy about two months after telling clients it was winding down operations, according to a report by Bloomberg.
New multi-strategy hedge fund launches took a big tumble in the first three months of the year, accounting for less than 10% of all new funds and down from about 25% in the last quarter of 2023, according to a report by Reuters.
A relatively quiet week in the Middle East and weak US economic data combined to restrain oil prices last week, prompting hedge funds to reduce their bets on both Brent and West Texas Intermediate crude, according to a report by Bloomberg.
Nir Bar Dea, CEO of Bridgewater Associates, and Hugh Evans, his counterpart at poverty relief-focused non-profit Global Citizen, will host an Africa Economic Summit to support fundraising efforts by the World Bank, according to a report by Fortune.
Elliott Investment Management, the activist hedge fund firm founded by Paul Singer, has built a “large” stake in Sumitomo, one of Warren Buffett’s favourite Japanese trading houses, according to a report by Bloomberg.
Activist hedge fund firm Sachem Head Capital Management’s Managing Partner Scott Ferguson will be given a seat on Delivery Hero’s supervisory board, after building a 3.6% stake in the Germany-based food delivery company, according to a report by Bloomberg.
Elliott Investment Management, the activist hedge fund firm led by Paul Singer, holds an approximately $1bn stake in Anglo American, the UK-listed mining company that is the subject of an unsolicited takeover bid from Australia’s BHP Group, according to a report by Bloomberg.
Short bets against the Japanese yen held by hedge funds have reached the second highest level ever seen, even as the currency has fallen to 34-year lows against the US dollar, according to a report by Reuters.
Soaring cocoa prices and a slump in the Japanese yen are among several financial market trends that have helped computer-driven quant hedge funds to rack up strong returns in the first quarter of the year, according to a report by the Financial Times.
Taula Capital Management, the new hedge fund founded by former Millennium Management Portfolio Manager Diego Megia, which is set to begin trading later this quarter, is setting up an office in Milan, according to a report by Bloomberg.

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