Managers
Landseer Asset Management UK is in talks with Odey Asset Management over the transfer of portfolio manager Freddie Neave, who runs its flagship hedge fund, as the firm continues to deal with the fallout from multiple sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
Offshore China hedge funds that target investments in the world’s second-largest economy, are feeling the pinch as foreign investors lose interest in investing in the country’s faltering economy, according to a report by Bloomberg.
Global equities have finally attracted the attention of trend-following hedge funds on the back of falling volatility as hopes rise that interest rate rises are coming to an end, according to a report by The Financial Times.
Concerns over a slowing Chinese economy dragged the Aussie dollar to a nine-month low, just as hedge funds were turning the most bullish they have been on the currency so far this year, according to a report by Bloomberg.
NWQ Capital Management, a Perth-based hedge fund that numbers Reserve Bank governor Glenn Stevens among its investment committee members, has had its licence suspended by the The Australian Securities and Investments Commission (ASIC) for holding insufficient assets, according to a report by The Financial Review.
Freddie Neave, who took over the management of Odey Asset Management’s European Inc fund following the departure of  the firm’s founder Crispin Odey, has dropped the fund’s short positions against UK government bonds, according to a report by Reuters.
Daniel Loeb, the Chief Executive Officer of hedge fund Third Point Management, has entered into a standstill agreement with SiriusPoint whereby he will hold off on attempts to take the Bermuda-based specialty insurer and reinsurer private for two years.
TOP STORY: Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Marshall Wace, one of the world’s largest hedge funds with over $60bn in assets under management, has taken a significant short position in Irish paper and packaging company Smurfit Kappa, according to a report by The Irish Post.
Singapore-based hedge fund Timefolio Asset Management is shorting some Japanese and Chinese carmaker stocks in a wager that South Korean rivals including Hyundai will fare better in the race to grab a share of the global electric vehicle (EV) market, according to a report by Bloomberg.
