Managers
Hedge funds have increased their exposure to the so-called Magnificent Seven tech stocks to a record high on the back of Nvidia’s latest earnings report, which surpassed analyst expectations, according to a report by Bloomberg.
Nelson Peltz, the boss of activist hedge fund firm Trian Fund Management, has sold his entire stake in Walt Disney Co weeks after losing a proxy battle in April at the entertainment giant, according to a report by CNBC.
Gold futures rose 1% to $2,358 a troy ounce yesterday, making gains ahead of inflation data, as hedge funds ramped up their bullish bets on precious metals, ahead of the latest US inflation data, according to a report by Barron’s.
Jefferies Financial Group, the main creditor of hedge fund Weiss Multi-Strategy Advisers, which went bust in April after over 40 years of trading, says the fund should claw back about $30m that it paid employees just before filing for bankruptcy, according to a report by Bloomberg.
Activist hedge fund firm Elliott Investment Management has disclosed a stake of more than $2.5bn in chipmaker Texas Instruments, and has written a letter to the company’s board urging the business to improve its free cashflow.
Elwood Technologies, a cryptocurrency-focused trade execution and risk management platform, is in talks to sell part of its business as backer Alan Howard, co-founder of hedge fund Brevan Howard, reorganises his portfolio of crypto investments, according to a report by CoinDesk.
High-profile Australian stock picker Robert Luciano has sold off large stakes in two Regal-owned, ASX-listed listed funds he originally founded as he positions to launch his next venture, according to a report by the Australian Financial Review.
Crypto hedge fund Kbit is on an aggressive expansion trajectory, with plans to significantly increase its team size, according to a report by eFinancialCareers.
Hedge fund manager Pierre Andurand forecasts a near quadrupling of copper prices to $40,000 a tonne in the coming years, driven by surging demand that is depleting global stockpiles of the red metal, according to a report by the Financial Times.Â
Dispersion, a strategy that has traditionally been the domain of bank trading desks and fast-money players like Capstone Investment Advisors and One River Asset Management, has attracted significant new investment in the post-pandemic era, according to a report by Bloomberg.Â
