Managers
Nine out of ten hedge fund traders will use artificial intelligence to achieve portfolio returns during 2023, according to a new survey of the top 50 hedge fund managers carried out by London-based market intelligence specialist Market Makers.
SkyBridge Capital has adopted an “overly bullish” view on cryptocurrencies, says founder Anthony Scaramucci, and is betting that there will be a sustained turnaround in the digital assets space during 2023, according to a report by Reuters.
BlackRock has reported a year-on-year AUM decline of 14.41% at the end of the final quarter of 2022 to $8.59 trillion from AUM of $10.01 trillion in the same period of the previous year, according to a report by Pensions & Investments Online.
Castlelake, a global alternative investment manager specialising in asset-backed private credit with 17 years of experience investing in, financing and managing aviation assets, has created a Bermuda-licensed reinsurance company, Itasca Re Limited, to offer insurance financing solutions to buyers and owners of commercial aircraft assets.
Shanghai Banxia Investment Management Center, one of China’s top-performing macro hedge funds, believes that any pickup in the country’s consumer spending following the lifting of ‘Zero Covid’ measures, will be mild, making a stock market rally less likely than many investors are predicting, according to a report by Bloomberg.
Profits at Crispin Odey’s hedge fund business halved during the company’s last financial year ended 5 April, 2022, on the back of a sharp drop in performance fees, according to a report by Financial News.
Brazil’s top performing hedge funds have cut domestic wagers because of the country’s recent political problems and are instead betting on everything from a rally in crude prices, to short strategies for another slump in US stocks, according to a report by Bloomberg.
The storming of government buildings in the country’s capital last week by rioters who refuse to accept the result of presidential elections won by Luiz Inacio Lula da Silva, is the most obvious example of the country’s political tensions and informs many fund managers’ current ‘conservative approach’ to domestic risk.
The Asa Hedge fund, which topped all
Hedge funds and other professional investors are betting that China’s economy will successfully reopen and return to a pre-pandemic “normal” after the country ended most “Zero Covid” controls, according to a report by CNBC.
Alan Howard, co-founder of Brevan Howard Asset Management, has seen his pay jump by 46% compared to the previous tax year to £82 million despite a 20% drop in profits at the London-based hedge fund firm to £105 million, according to a report by the Guardian.
Elliott Investment Management, the activist hedge fund firm run by Paul Singer, has built a sizeable holding in utility owner PPL Corp and is helping to shape the company’s new business plan, according to a report by Bloomberg.
