Managers
Frank Mercado, the owner of hedge fund firm Tiger-Wolf Capital, has admitted to wire fraud, confessing to defrauding over 100 victims out of more than $700,000 through a fraudulent investment scheme, according to a report by Business North Carolina.Â
The US Securities and Exchange Commission has imposed its first significant penalty as part of an extensive investigation into activist short sellers, fining Anson Funds Management and Anson Advisors a combined $2.5m, according to a report by Bloomberg.
An insider trading case involving Asian hedge fund Segantii Capital Management, its British founder, Simon Sadler, and a former trader, will now be heard in a higher court in Hong Kong following a request from the prosecution, according to a report by Reuters.
BlackRock has received partial support from influential proxy adviser Institutional Shareholder Services while activist hedge fund Saba Capital Management attempts to remove the investment giant, as the manager of two closed-end funds totalling approximately $2bn in assets.
Marshall Wace, the $64bn UK-based hedge fund major founded by Paul Marshall and Ian Wace in 1997, is set to open an office in Abu Dhabi, joining the growing number of financial firms establishing a presence in the United Arab Emirates.
Hedge funds are increasingly betting against bitcoin, with their short positions hitting a new record high, according to a report by Bloomberg citing the latest Commitments of Traders report from the Commodity Futures Trading Commission.
Hedge funds have made a notable shift in their investment strategies, selling off semiconductor stocks and purchasing shares in software companies instead, according to a report from Bloomberg citing data from Goldman Sachs’s prime brokerage desk.
Hedge funds have significantly increased their bets against Eurozone government bonds to the highest level seen in over two years, amid expectations that persistent inflation will limit the ECB’s ability to make further interest rate cuts this year.
Paul Singer’s activist hedge fund firm Elliott Investment Management has acquired an almost $2bn stake in Southwest Airlines and intends to advocate for changes at the airline, according to a report by the Wall Street Journal.
Hedge funds Rokos Capital Management and Andurand Capital Management have emerged as key players in the copper market, making significant bets on rising prices that have already yielded early gains, according to a report by Bloomberg.
