Managers
Odey Asset Management’s Absolute Return fund is to reopen as the London-based hedge fund firm prepares for the transfer of manager James Hanbury to a rival firm in the aftermath of multiple allegations of sexual misconduct against Odey founder Crispin Odey, according to a report by the Financial Times.
Brazilian hedge-fund giant SPX Capital has issued an apology to investors in its Raptor fund – a more aggressive version of its flagship Nimitz – after a badly-timed domestic bet back-fired, according to a report by Bloomberg.
The fund lagged all 173 rivals tracked by Bloomberg over the first six months of the year, losing 9.7% after fees, with June proving to be particularly painful as Raptor posted its second-biggest monthly drop on record.
The report cites an investor letter written by SPX founding partner Rogerio Xavier, and seen by Bloomberg, as blaming wrong-way bets in Brazil as the main
Argentem Creek Partners, an emerging markets specialist investment firm, has been granted an In-Principle Approval for a Financial Services Permission by  the Financial Services Regulatory Authority of the Abu Dhabi Global Market.Â
Saudi Arabia’s unilateral oil production cut, which was aimed at supporting prices from the effects of slowing economic growth in both China and Europe, has enticed hedge funds and other money managers back into the market, according to a report by Reuters.Â
Hedge funds are in line to benefit from a unanimous ruling by the Credit Derivatives Determinations Committee that UBS is the sole successor for credit default swaps contracts linked to Credit Suisse following the emergency ‘merger’ of the former rivals in March, according to a report by IFR.
A US court ruling that Microsoft’s proposed $69bn takeover of Activision Blizzard can proceed despite anti-trust objections from the Federal Trade Commission, has provided a major boost for merger-arbitrage investors, according to a report by Bloomberg.
Two Sigma Investments, the $60bn quant hedge-fund giant known for using computer-driven algorithms to make money, is looking to add a human touch to its investment strategies for the first time by employing traders who use their own personal judgement to generate returns, according to a report by Bloomberg.
Hedge funds upped their bets against the yen to the highest level in more than year just as the currency was in the middle of a two-week rally, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Online grocer Ocado, Swedish property firm Fastighets AB Balder, and French train maker Alstom, were among the three most shorted stocks in June, but all three saw positive share price performance over the month, according to a report by Reuters.
The Donerail Group, a value-oriented, activist hedge fund firm that targets special situations and event driven investments, wants the board of Stratasys to engage with 3D Systems on its improved takeover offer for the company and drop its support for a rival deal with Desktop Metal.
