Managers
It may be almost a year since Ray Dalio, the founder of the world’s largest hedge fund, Bridgewater Associates, ‘retired’ and stepped away from the day-to-day running of the business, but his presence still looms large over the firm, according to a report by the New York Times.
Goldenwise Capital Group, a China-based hedge fund firm founded by Huakun Ding, has set its sights on New York-listed Human Resources firm GEE Group Inc, as the first target in a new activist push, according to a report by Bloomberg.
Brevan Howard Asset Management is targeting “disproportionate returns” from digital assets, having predicted a boom in the space similar to that seen with the internet over the past 20 years, according to a report from Bloomberg.
New York hedge fund Tenor Capital Management is in line for a big payout from a bet on a gold mining company expropriated by the Venezuelan government before ever breaking ground and is now set for a $1.4bn settlement, according to a report by Bloomberg.
Castle Ridge Asset Management, an artificial intelligence-driven hedge fund firm founded in 2015 in Canada, has unveiled WALLACE, a new ‘one-of-a-kind’ AI supercomputer, at its headquarters in Toronto.
Ken Griffin, the founder of hedge fund giant Citadel, has identified six areas for his future philanthropic work – Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities, according to a report by Reuters.
Griffin, who founded Citadel while a studying at Harvard University and has since donated over $2bn to charity, has launched Griffin Catalyst to handle his future giving.
The report cites Griffin as saying that: “Through Griffin Catalyst, I look forward to continuing this work, tearing down barriers and advancing solutions in the pursuit of improving people’s lives.”
Citadel, which invests $61bn
Hedge funds have upped their short positions in US consumer discretionary stocks while taking long positions in consumer staples suggesting they see tough times ahead for US consumers, according to data from Goldman Sachs
Schonfeld Strategic Advisors is looking to persuade clients to lock up their investments with the firm for longer by offering a hefty discount on fees for its flagship equity hedge fund, according to a report by Bloomberg.
Paul Marshall, the co-founder of London-based hedge fund major Marshall Wace, has appointed investment bank Moelis to advise on a potential bid to acquire the Daily and Sunday Telegraph newspapers, according to a report by Sky News.
Hedge funds are on course to be outright bullish on the dollar by the end of the month having already cut their short positions on the greenback to the lowest level seen in three months, according to a report by Reuters.
