Managers
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.
US hedge fund Elliott Investment Management believes market participants are too pessimistic about the size of Thames Water’s debt pile and has built a position in the troubled utility company’s bonds, according to a report by the Financial Times.
Appaloosa Management, the distressed debt-focused hedge fund firm founded by David Tepper and Jack Walton, has become the latest company to file a lawsuit over the wipeout of $17bn of high-risk bonds in UBS Group’s deal last year to save Credit Suisse from total collapse.
Leda Braga, the founder of Systematica Investments, discussed the vital importance of technology and gave her views on AI and markets in a wide-ranging discussion with Bill Stone (pictured with Braga) at the SS&C Deliver Europe summit.
JANA Partners, the activist hedge fund firm founded by Barry Rosenstein, has written a letter to Wolfspeed, the world’s largest manufacturer of silicon carbide, to consider all options for improving shareholder value including a sale of the company, according to a report by Reuters.
Aspect Capital, a London-based quant hedge fund with $7.5bn in AUM, has racked up a 21% return so far in 2024 in its flagship fund on the back of winning bets on currency markets and commodities, according to a report by Bloomberg.
High Ground Investment Management, a London-based hedge fund run by Edgar Allen, has appointed former Adelphi Capital Partner Henry Guest to run its second hedge fund, which is due to launch in Q4 2024, according to a report by Bloomberg.
Mountaineer Partners Management, an opportunistic hedge fund focused on value and event-driven investments, has written an open letter to Vishay Intertechnology’s board of directors, urging the implementation of a $600m share buy-back programme.
The first sharp dip in US and European stocks this year prompted global hedge funds to up their borrowing to the highest level seen in five years in the week ending 19 April, according to a report by Reuters.
