Managers
A failed bet that US interest rates would fall left Brevan Howard’s flagship fund with an estimated 3.2% loss in February, making it one of the worst months since the firm started trading in 2002, according to a report by Bloomberg.
Vinland Capital, the Brazil-based hedge fund firm founded by Andrew Laport, a former Partner at Goldman Sachs Group, is to establish a physical presence in the US with the opening of a new office in New York, according to a report by Bloomberg.
Hedge funds increased their long wagers on US real estate investment stocks last week for the sixth connective week, backing a rebound in both the country’s commercial and industrial property sectors, according to a report by Reuters.
Crispin Odey, the UK hedge fund manager forced to stand down from his eponymous firm last year following multiple allegations of sexual misconduct – which he denies – could be contemplating a comeback, according to a report by Bloomberg.
New York-headquartered activist hedge fund Saba Capital has increased its stake in Hearts & Minds to nearly 10% as part of its aggressive strategy of targeting closed-end vehicles that are trading at discount to their underlying asset values, according to a report by the Australian Financial Review.
DE Shaw is one of a number of hedge funds buying exposure to blind pools of risk being sold by banks to reduce their regulatory burden, in the form of credit-linked notes that transfer the risk to the buyer in exchange for a coupon payment, according to a report by Bloomberg.
Weiss Multi-Strategy Advisers, a New York-based hedge fund firm started in 1978 by Founder and Chief Executive George Weiss, is winding down its operations after a challenging couple of years, according to a report by Bloomberg.
A number of distressed debt investors, including Attestor, Farallon Capital and Oaktree Capital, are set to benefit from bets that creditors of FTX Capital will recover more than expected, following the collapse of the cryptocurrency exchange.
Commodities investments at Izzy Englander’s Millennium Management earned the multi-strategy major a solid $600m last year, but still far behind the bumper $4bn return for the asset class seen at rival Citadel, according to a report by Bloomberg.
Statar Capital, a Miami-based hedge fund specialising in natural gas trading founded by former Citadel and DE Shaw Trader Ron Ozer, has booked big profits from a large bet on the easing of European gas market volatility sparked by Russia’s invasion of Ukraine, according to a report by Bloomberg.
