Managers
James Jampel, the founder of hedge fund HITE Hedge Asset Management, has admitted that recent strong increases in the price of oil means his strategy of shorting fossil fuel stocks is no longer viable, according to a report by Bloomberg.
While the traditional ‘2 and 20’ hedge fund fee structure has come under pressure in recent years, with managers varying their terms to attract and retain investors, Pershing Square Capital Management is benefitting from a ‘2 and 10’ approach to work, according to founder Bill Ackman.
A new multi-strategy hedge fund firm led by Millennium Management alumnus and the former head of Morgan Stanley’s prime brokerage operation in Asia, Kurt Baker, is looking to raise neatly $3bn as it seeks to establish itself as a regional rival to the likes of Citadel, according to a report by Bloomberg.
The activities of some hedge funds and brokerages engaged in quantitative trading have attracted the attention of Chinese financial markets regulator The China Securities Regulatory Commission, according to a report by Reuters.
Despite a rally in oil prices triggered by the prospect of a widening supply deficit, hedge funds sold energy stocks last week for the first time in three weeks, according to a report by Reuters citing information from Goldman Sachs.
San Francisco-based multi-strategy hedge fund Farallon Capital Management has led a funding round in HR cross-platform software specialist HiBob at a valuation of $2.66bn, up from the company’s 2022 valuation of $2.45bn, according to a report by Bloomberg.
Bridgewater Associates has seen a surge in assets from wealthy Chinese investors on the back of strong performance by its flagship China fund, which has gained 11% this year as of August, according to a report by Bloomberg.
With the oil market tightening rapidly due to supply cuts from OPEC+, hedge funds have upped their bullish bets on both Brent and US crude to the highest levels seen in 15 months, according to a report by Bloomberg.
A Goldman Sachs client note has revealed that the world’s five largest hedge fund firms, have doubled the size of their holdings in US stocks through leverage and trading positions since 2014, according to a report by Reuters.
Ken Griffin, founder of CDEO of US multi-strategy major Citadel, has expressed doubts over the longevity of the recent stock market rally and has also said he is concerned about the country’s current fiscal situation, according to a report by Reuters.
