Managers
Millennium Management is set to allocate capital to a departing senior quant researcher from Jump Trading Group, highlighting its continued push to back external talent alongside its multi-manager platform, according to a report by Business Insider.
Saba Capital Management has demanded the resignation of the board of Impax Environmental Markets, marking a further escalation in its broader activist campaign across the investment trust sector, according to a report by ThisIsMoney.
Proxy adviser Glass Lewis has recommended that shareholders of WEX support two of the three director nominees put forward by activist investor Impactive Capital, signalling support for limited board change while stopping short of endorsing a full overhaul, according to a report by Reuters.
The Bank of Japan has cautioned that growing involvement by overseas hedge funds in Japanese fixed income markets could amplify the impact of global market shocks on domestic assets, according to a report by Bloomberg.
David Stemerman ran one of the largest equity long-short launches in history. Then he walked away and built something entirely different. CenterBook Partners – a buy-side alpha capture platform now managing well over $1bn – is his answer to a structural problem he believes the pod model created but cannot solve.
Activist hedge fund Carrousel Capital says it will continue monitoring the board of the Gartmore European investment trust following its unsuccessful attempt to win board representation, according to a report by Reuters.
Hedge funds are increasing their bets against the US dollar, with options activity pointing to growing conviction that the currency’s recent position weakens further as safe-haven demand eases, according to a report by Bloomberg.
Hedge funds have turned net-long on cotton for the first time in two years, as surging energy prices linked to the Iran conflict improve the competitiveness of natural fibres versus synthetic alternatives, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Citadel’s commodities leadership says oil markets have been fundamentally altered by the influence of Donald Trump’s social media activity during the Iran conflict, creating an unusually volatile trading environment that has left market participants struggling to adapt, according to a report by the Financial Times.
Multi-strategy major Bridgewater’s China unit remains positive on domestic equities and gold, even after its flagship onshore fund recorded its steepest monthly loss on record in March, according to a report by Reuters.
