Managers
Multi-strat major Millennium Management, and Qube Research & Technologies, one of London’s biggest computer-driven hedge fund firms, are betting against German mortgage lender Deutsche Pfandbriefbank because of its exposure to the troubled US commercial real estate market, according to a report by the Financial Times.
Hedge funds turned net sellers of US stocks last week, selling more shares than they bought as the major US stock indexes turned negative following five straight weeks of gains, according to a report by Reuters.
Capula Investment Management’s $3.5bn Capula Tactical Macro fund, which is run by Partner and Senior Portfolio Manager Nat Dean, is to be spun out of the firm into a separate business during the second half of the year, according to a report by Bloomberg.
Wealhouse Capital Management’s Amplus Credit Income Fund, a Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row, is betting that the Bank of Canada is poised to make its first interest rate cuts since 2020, according to a report by the Financial Post.
Concerns over potential extremes in the market prompted hedge funds to reduce their exposure to the so-called Magnificent Seven megacap tech stocks in the final quarter of last year, according to a report by Bloomberg.
Izzy Englander, the founder of multi-strategy hedge fund major Millennium Management, has pipped Ken Griffin, boss of rival firm Citadel, to top spot in a list of the hedge fund industry’s top earners for 2023, according to a report by Bloomberg.
Hedge fund Arkhouse Management has nominated a slate of nine individuals to stand for election as Directors to the board of US department store Macy’s after the retailer rejected a $5.8bn take-private offer from the investment firm, according to a report by Reuters.
Trading by hedge fund Lingjun Investment has been temporarily restricted by two Chinese stock exchanges because of what they described as “abnormal trading” by the quant-driven firm, according to a report by Reuters.
Hedge funds upped their purchases of stocks in a number of Asian emerging markets including China Korea, Taiwan and India, in the week ending 15 February, just ahead of a cut in China’s benchmark mortgage rate, according to a report by Reuters.
Well-timed decisions to increase bets on chipmaker Nvidia towards the end of last year positioned a number of big-name hedge funds, including Arrowstreet Capital and Bridgewater Associates, to generate big gains as the company’s stock continued to soar in the opening weeks of 2024, according to a report by the Financial Times.
