Managers
A fast-growing segment of hedge fund investing focused on reducing investor tax bills has expanded sharply in recent years, with strategies aimed at generating so-called “tax alpha” attracting tens of billions in new assets, according to a report by the Financial Times.
Hedge funds are becoming more negative on the US dollar, with investors increasingly positioning for further weakness as expectations rise around a potential extension of a ceasefire between the US and Iran, which has reduced war-related demand for the currency, according to a report by Bloomberg.
Hedge fund majors Two Sigma Investments and DE Shaw have joined a a growing Wall Street effort opposing a US Securities and Exchange Commission (SEC) proposal that could make quarterly corporate earnings reporting optional, according to a report by Reuters.
A growing reliance on a small group of global banks to provide financing to hedge funds and proprietary trading firms is raising fresh questions about financial stability, according to a a report by Bloomberg citing new analysis from S&P Global.
Hedge funds originally built to trade cryptocurrencies are increasingly applying their strategies to traditional asset classes such as crude oil, copper and equity indices, as always-on trading platforms broaden beyond digital tokens, according to a report by Bloomberg.
Renowned short seller Carson Block, founder of Muddy Waters Capital, believes that artificial intelligence could trigger a period of market and economic disruption that may ultimately exceed the fallout from the 2008–09 global financial crisis, according to a report by the Financial Times.
Citadel CEO Ken Griffin has warned that the global economy could tip into recession if the Strait of Hormuz remains effectively closed for an extended period, highlighting the scale of macroeconomic risk stemming from ongoing Middle East tensions.
Toronto-based hedge fund firm Waratah Capital Advisors has called for the removal of three directors at Lithium Ionic, as regulatory proceedings in Ontario cast a shadow over the company’s governance, according to a report by Bloomberg.
Hedge funds increased bullish equity positioning last week as investors moved to position for a potential de-escalation in US–Iran tensions ahead of weekend geopolitical developments, according to a report by Reuters citing client data from Goldman Sachs.
Alua Capital Management is shutting down its roughly $2bn hedge fund, bringing an end to a high-profile launch backed by strong pedigree but ultimately falling short on performance, according to a report by Bloomberg.
