Managers
Oil trader Pierre Andurand’s main hedge fund, the Andurand Commodities Discretionary Enhanced Fund, which makes leveraged bets, fell by another 7% this month, taking year-to-date losses to a record 51%, according to a report by Bloomberg.
Davidson Kempner Capital Management is reviewing its decision to provide Indian ed-tech firm Byju’s with a $250 million loan, amid a deepening crisis at the firm, and to date, has not fully disbursed the funds, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Davidson Kempner, which is one of the world’s biggest hedge fund firms with more than $38 billion in assets under management, has so far provided less than half of the $250 million of convertible debt it originally offered, as the Indian startup has failed to meet some loan agreement covenants.
Questions
TOP STORY: The founders of Three Arrows Capital are being targeted by liquidators for the bankrupt cryptocurrency hedge fund for the recovery of $1.3 billion, the amount the allegedly racked up in losses prior to the last year’s collapse of the firm, according to a report by Reuters.
The founders of Three Arrows Capital are being targeted by liquidators for the bankrupt cryptocurrency hedge fund for the recovery of $1.3 billion, the amount they allegedly racked up in losses prior to last year’s collapse of the firm, according to a report by Reuters.
“Advanced talks” are ongoing between Odey Asset Management (Odey AM) and SW Mitchell Capital over the transfer of the Oliver Kelton and the funds he previously managed at Odey AM to the London-based European equities investment boutique, according to a report by Reuters.
The report cites a letter sent by Odey AM to clients on Tuesday and seen by Reuters as confirming that the funds in question are Brook Continental European, Brook European Focus, and Brook European Focus Absolute Return, plus Odey Pan European, which was taken over by Kelton earlier this month following the ouster of Crispin Odey from
Saba Capital, a $4.4 billion New York-based activist hedge fund firm founded by Boaz Weinstein, has emerged as a major shareholder in Regal Partners’ listed VG1 fund with a 5% stake in the investment vehicle, according to a report by the Financial Review.
A surge in redemption requests from investors after the ouster of founder Crispin Odey following multiple allegations of sexual assault, has prompted Odey Asset Management to suspend two funds, including the firm’s flagship hedge fund, according to a report by Bloomberg.
BFAM Partners, the Hong Kong and New York-based hedge fund firm founded by Benjamin Fuchs, has closed its London office after parting company with one of its most senior portfolio managers, Emmanuel Slezack, according to a report by Bloomberg.
The report cites an email from BFAM as confirming the departure of Slezack who led equity volatility trading at the firm. His departure follows those of Eugene Fung and Danny Scinto, with all three having previously served as senior portfolio managers heading separate strategies under founder and CIO Fuchs.
At its peak, BFAM, which was founded in 2012, oversaw about
Oasis Management, the Hong Kong-based activist hedge fund firm that owns 14% of Wagamama owner The Restaurant Group, has aired fresh concerns over the management of the company following the departure of chief financial officer Kirk Davis, according to a report by Proactive Investors.
Former hedge fund manager Hugh Hendry is bullish on bitcoin believing that the market cap of the flagship cryptocurrency could triple to $1.5 trillion on the back of worsening global macroeconomic conditions, according to a report by CryptoGlobe.
Speaking in a recent interview on BloombergTV, the Eclectica Asset Management founder reportedly said that he believed bitcoin will become a top-performing asset, particularly when macroeconomic conditions become “volatile” and that its market cap could rise to $1.5 trillion from its current $588 billion.
Digital asset investment products saw the largest single weekly inflows since July 2022 last week ($199 million), following
