Managers
With easing tensions in the Middle East and a clouded fundamental outlook weighing on oil prices, hedge funds slashed their bullish bets on benchmark Brent crude last week to the lowest level seen in eight weeks, according to a report by Bloomberg.
Marshall Wace, the $65bn London-based hedge fund firm co-founded by Paul Marshall, has taken a £150m short position in Haleon, the FTSE 100 consumer healthcare company which was spun out of GSK two years ago, according to a report by The Times.
Camelot Capital Partners, the California-based hedge fund firm founded by William Barker, has upped its holding in fast fashion group Asos by more than 360,000 shares this month, with two stock acquisitions worth £1.25m, according to a report by the Financial Times.
Colorado-based hedge fund firm Deer Park Road Management plans to invest in the residential mortgage market in anticipation of the US Federal Reserve beginning to reduce interest rates later this year, according to CIO Scott Burg in an interview with Bloomberg.Â
Hedge funds have renewed their attack on the Japanese yen just days after suspected government intervention to support the currency, with leverage funds upping their bets that it will sink back towards a 34-year low in the next few weeks, according to a report by Bloomberg.
A short bet on Spanish multinational pharmaceutical and chemical manufacturer Grifols helped hedge fund General Industrial Partners earn double-digit gains while bullish bet on the same stock left former Elliott trader Frank Tuil nursing a loss, according to a report by Bloomberg.
Activist hedge fund firm AREX Capital Management will mount a boardroom challenge at US home health and hospice services provider Enhabit, arguing that new directors are needed to help reverse poor financial performance, according to a report by Reuters.
Bankrupt retailer Bed Bath & Beyond is suing Hudson Bay Capital Management – the hedge fund at the centre of a filed last-ditch rescue plan for the business – for more than $300m in lost trading profits as it looks to generate cash for its creditors, according to a report by Fortune.
Geopolitical and economic factors may be behind a potentially significant shift in hedge fund investment and business strategy, including increased fundraising activity and diversification, according to a survey by Dynamo Software, a Bulgarian cloud software provider for the alternative investment management sector.
Bridgewater Associates, the world’s largest hedge fund firm, has had to be “rewired” as part of a push to improve investment performance, according to a report by the Financial Times quoting new Chief Executive Officer Nir Bar Dea.
