Managers
The Managed Funds Association, the trade body for the global alternative asset management industry, has presented the inaugural Women’s Investment Leadership Award to three alternative asset management executives – Anne Dinning (DE Shaw Group), Ulrike Hoffmann-Burchardi (Tudor Investment Corporation), and Kim Lew (Columbia Investment Management Company.)
Hedge funds, asset managers and banks have called on the European Union to carry out a proper costing of its proposals to make market participants move their derivatives clearing business from London to mandatory accounts based in the EU, according to a report by Reuters.
Three Singapore based hedge funds that made money last year while most of their Asian peers struggled, are looking to China to fuel investment opportunities as they bid to extend their winning runs into 2023, according to a report by Bloomberg.
Dymon Capital’s Dymon Asia Multi-Strategy Investment Fund, Modular Asset Management, and Asia Genesis’ Macro Fund chalked up returns of 5.1%, 14.3% and 15.3%, respectively last year, while a gauge of regional hedge fund fund returns finished 2023 with an 8.3 per cent loss. And all three are looking to China as they position for the year ahead.
Dymon Capital
Hedgeweek exclusive: Mike Novogratz, the CEO of Galaxy Digital, gives his thoughts on the state of the digital assets hedge fund industry at the end of the first month of 2023 – and sees signs of progress.
More than 70% of the hedge funds administered by Citco generated positive returns during the fourth quarter of 2022, according to a report by Forbes, with funds of all sizes recording gains.
Activist hedge fund firm Elliot Management is planning to nominate a slate of director candidates at Salesforce after acquire multi-million dollar stake in the could-based software company, according to a report by EuroNews.
The report cites unnamed sources as revealing that Elliott, which invests more than $55 billion on behalf of clients, is currently interviewing a number of potential directors including technology industry executives and candidates from other industries.
News of Elliot’s plan to nominate directors comes after Bloomberg reported Salesforce had refreshed its board with the appointment of three new board directors, including ValueAct Capital CEO Mason Morfit, amidst
US hedge fund Davidson Kempner Capital Management has bought $1.1 billion portfolio of bad debt from Abu Dhabi Commercial Bank (ADCB) consisting of 44 corporate loans to United Arab Emirates-based small- and medium-size enterprises, according to a report by Bloomberg.
Davidson Kempner, which has about $36 billion in assets under management, has not released financial terms of the deal. The hedge fund hired Seapoint Capital Ltd. as the special servicer and Reviva Capital as loan servicer for the transaction.
ADCB, the third-largest lender in the UAE, is actively looking to clean up its balance sheet after being impacted by a
Citadel and Millennium Management are among a group of 12 hedge funds that are set to make a profit of more than CAD216 million ($162m) as one of Canada’s most bitterly-contested acquisitions nears completion, according to a report by Reuters.
Hedge funds are positioning for a slow down in this year’s stellar start for Treasuries by quietly building up the biggest bearish bet on bond futures on record, according to a report by Bloomberg.
The report cites the latest data from the Commodity Futures Trading Commission which reveals that as of 24 January, an aggregate measure of net-short non-commercial positions across all Treasuries maturities hit 2.4 million contracts. The positions cover a raft of investment strategies including outright short bets, yield curve wagers, relative trades and hedges.
Widespread anticipation that falling inflation and a wider cooling of the US economy
European financial watchdog the European Securities and Markets Authority (ESMA) wants London-based hedge funds and asset managers to demonstrate that they have established a suitable physical presence in the European Union, according to a report by Reuters.
