Managers
Keystone Investors, a Singapore-based hedge fund led by Liu Xuan that was spun off from Schonfeld Strategic Advisors, will suspend subscriptions next month after a 160% increase in its assets since its launch in 2022, according to a report by Reuters.Â
Hedge fund firms that invest in credit are of more interest to allocators than any other strategy for the second year running, according to the Goldman Sachs prime services hedge funds insights and analytics team’s 2024 Hedge Fund Industry Outlook.
Australian activist hedge fund Tribeca Investment Partners wants mining giant Glencore to switch its main stock market listing from London to Sydney, in a move it believes will see the company secure a more favourable valuation, according to a report by the Financial Times.
Steve Cohen’s Point72 Asset Management is limiting new investor inflows in a bid to ensure it secures the best possible returns for existing clients, with AUM already sitting at a record high of $32bn, according to a report by Bloomberg.
Basis trade positions, a strategy of trading the spread between cash Treasuries and their underlying futures could be on the slide as hedge funds unwind their short Treasury futures bets, according to a report by Bloomberg citing a Bank of America note.
Standard General, a New York-based hedge fund focused on opportunistic investing in levered US mid-market companies, has made a non-binding offer to acquire the remaining shares it does not already own in gaming and betting company Bally’s Corporation.
TOP STORY: Qube Research & Technologies, the London-based quant hedge fund firm spun out of Credit Suisse in 2018, has built the largest ever short position against Barclays, representing 0.73% of the bank’s stock, according to a report by The Times.
The recent upturn in global financial markets has prompted hedge funds to place ever risker bets as they look to maximise returns, despite the use of trading in equities already sitting at near record levels, according to a report by Reuters.
Having built a stake in Advance Auto Parts, activist hedge funds Third Point and Saddle Point Management have now secured three board seats at the firm as part of a “cooperation agreement” confirmed by the aftermarket car parts provider on Monday.
Record bullish speculative interest from hedge funds has helped push gold to an all-time high above $2,200 an ounce, according to a report by Kitco, citing the latest data from the Commodity Futures Trading Commission.
