Managers
Hedge funds and money managers have upped their bearish bets on on US oil fourfold in the past month as demand concerns return to markets, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Trikon Asset Management Ltd, the Hong Kong-based hedge fund firm founded by Moore Capital alumnus Gaurav Grover, is to cease operations after about five years of trading, according to a report by Bloomberg.
Hunterbrook, a VC-backed hedge fund firm, has begun hiring financial journalists who will operate independently from, but provide support to, its research team in identifying possible investments, according to a report by the Financial Times.
Global hedge funds topped their bearish positions in US financial stocks to the highest level seen in nearly five years last week, according to a report by Reuters citing data from Goldman Sachs prime brokerage division.
London-based multi-strategy firm Eisler Capital has become the latest hedge fund to limit the amount of money investors can withdraw from the firm’s funds, as demand for its services increases, according to a report by Bloomberg.
Investors pulled $667m from Sculptor Capital Management’s main hedge fund during the third quarter of the year marking the sixth consecutive quarter of net redemptions for the fund, according to a report by Bloomberg.
Elliott Investment Management the US-based activist hedge fund firm founded by Paul Singer, is looking to raise up to $7bn in new cash from investors to take advantage of stressed and distressed trading opportunities, according to a report by Bloomberg.
David Einhorn, the founder of hedge fund Greenlight Capital, which has chalked up a return of 27.7% in the first nine months of 2023, is “worried about the direction of the market”, according to a report by Reuters.
Excessive payouts to poach staff made by some multi-strategy majors are fuelling a talent war in the global hedge fund industry, according to Marshall Wace Co-founder Paul Marshall and PAG Co-founder Chris Gradel.
Hedge fund JAT Capital wants to see a change of Chief Executive Officer at internet retailer Overstock.com as it blames incumbent Jonathan E Johnson III for the company’s poor performance, according to a report by Reuters.
