Managers
Some of the world’s biggest macro traders slumped in the first six months of the year, with Andrew Law’s Caxton Macro hedge fund and Jeff Tallinn’s Element Capital Management among the big name managers seeing first half losses, according to a report by Bloomberg.
Argentina’s looming presidential election, which could herald a change in regime, has prompted Vista Capital, the manager of one of Brazil’s best-performing hedge funds, to build a position in the country through ADRs, according to a report by Reuters.
The Bank of England has identified a leveraged trade in US Treasury futures that has regained popularity with hedge funds, as one of the bigger risks to global financial stability, according to a report by The Financial Times.
The Dubai International Financial Centre has become the first financial hub in the Middle East, Africa and South Asia region, to partner with the Alternative Investment Management Association, which represents over 2,100 corporate members with over USD2.5tn in hedge fund/private credit assets.Â
Recent crypto market turmoil has prompted traditional hedge funds to adopt a more cautious approach to digital assets investments, with some managers opting to exit the sector completely, according to a report by Reuters.
The report cites the results of a new survey by PWC and the Alternative Investment Management Association (AIMA) as revealing that the proportion of global hedge funds investing in crypto-assets has dropped to 29% this year from 37% in 2022.
In addition, a quarter of those currently invested in cryptocurrencies and digital assets said they may consider exiting the asset class altogether due to increased uncertainty
Hedge fund majors Bridgewater Associates and Point72 Asset Management are both on the lookout for specialist China analysts as the firms look to keep abreast of Beijing’s economic and wider political policies, according to a report by the South China Morning Post.
Bobby Jain, the former Co-CIO of Izzy Englander’s Millennium Management, has made the first major hire for his upcoming hedge fund launch – former BofA executive Jonathan Barton, who has been appointed as Chief Operating Officer.
Jain, who was prevented from hiring staff until the start of this month as part of his exit agreement from Millennium, where he spent seven years, has wasted no time in tapping the former BofA Managing Director and Head of Equities Product Development and Strategic Initiatives. Barton will be tasked with helping to build-out what many on Wall Street are predicting will be one
UK financial watchdog the Financial Conduct Authority has been urged by the lawyer representing two of the alleged victims of sexual abuse by Crispin Odey, to ring-fence Odey AM assets to cover potential future damages claims, according to a report by the Financial Times.
The San Diego Union-Tribune, the sister paper to the LA Times, has been sold to MediaNews Group, which is owned by hedge fund Alden Global Capital, the owner of hundreds of newspapers around the US, according to a report by Associated Press.
The move comes after the LA Times said last month that due to financial difficulties it would have to cut as least 13% of its newsroom staff, amounting to at least 74 jobs. Alden meanwhile has faced criticism for cutting both budgets and headcount at many of the newspapers it has bought, and its latest acquisition is facing
Higher volatility creates strong investment opportunities for active managers. Turning these into alpha needs a consistent, diversified approach to allocation. Paul R Lucek (pictured), CEO & co-CIO, Ridgedale Advisors, explains…
