Managers
Hedge funds across the globe are reducing their exposure to mega cap tech firms, according to a report by Reuters that cites data from JPMorgan Chase’s positioning Intelligence Unit.
Elliot Management Corporation, one of the world’s largest activist funds with over $71bn in AUM, has disclosed that it now holds 9% of supply chain software platform E2open’s tradable stocks.
Alleged accomplices of Sanjay Shah, the founder of Solo Capital Partners, LLP, accused in a NOK9bn ($1.3bn) Danish tax fraud probe have agreed to pay between €30,000 and €100,000 to end the cases against them, according to a report by Bloomberg.
Saba Capital Management, the firm run by American hedge fund tycoon Boaz Weinstein has declared stakes in ten UK investment trusts, according to a report by The Times.
Dimitry Balyasny, founder of global multi-strategy hedge fund firm Balyasny Asset Manager, believes that with costs for traders soaring, managers need to both both buy and build talent as they look to expand their businesses, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm has reported its first set of results since Robyn Grew assumed the role of CEO, with assets under management increasing to $161.2bn, just short of analyst expectations, according to a report by Reuters.
Aaron Niu, Portfolio Manager at Grandline, a systematic multi-strategy hedge fund trading mid-frequency statistical arbitrage models on major cryptocurrencies and their derivatives, outlines some of the biggest challenges and opportunities facing emerging managers in the digital assets space….
Itau Asset Management, a Brazil-based money manager inspired by Ken Griffin’s Citadel and Izzy Englander’s Millennium Management, has appointed Bruno Serra, a former director at Brazil’s central bank, to raise money for a new family of funds in its mulitmesas (multi-strategy) unit.
Confidence among hedge funds managers globally is on the increase with the Alternative Investment Management Association’s Hedge Fund Confidence Index rising by seven points to 21.6 in the third quarter of year from 14.6 in Q2.
Activist hedge fund Elliott Investment Management wants a Berlin court to order a special audit into a large loan provided by German landlord Deutsche Wohnen SE to its controlling shareholder Vonovia SE last year, according to a report by Bloomberg.
