Managers
Multi-strategy major Millennium Management is assessing plans to expand its presence in Jersey as some employees look to relocate from Dubai amid ongoing geopolitical tensions in the Middle East, according to a report by the Financial Times.
Executives from hedge fund Kirkoswald Asset Management and hedge fund-turned family office BlueCrest are among a group of international investors visiting Caracas this week, as Venezuela signals a potential reopening to foreign capital, according to a report by Bloomberg.
Hedge fund founder George Weiss has lost a defamation lawsuit against Jefferies Financial Group, marking the latest development in a long-running dispute over a $100m debt tied to his firm, Weiss Multi-Strategy Advisers report Bloomberg.
Multi-strategy hedge funds that spent heavily to attract talent over the past several years may now be feeling the strain, as turbulent markets and early losses put some of those expensive hires under pressure, according to a report by eFinancial Careers.
Hedge funds and other investors are increasing exposure to Chinese renewable energy stocks as the oil price spike triggered by the Iran conflict reshapes global energy expectations and investment flows, according to a report by Reuters.
Hedge fund manager Fermat Capital Management is voicing strong opposition to a European proposal that could limit retail investors’ access to catastrophe bonds, as the firm and other managers coordinate a response to protect the $60bn market, according to a report by the Insurance Journal.
Hedge fund Trian Fund Management has raised objections to a revised takeover proposal from Victory Capital for Janus Henderson, intensifying a competitive bidding process for the firm, according to a report by Reuters.
Artificial intelligence is no longer a differentiator in hedge fund investing. It is becoming a baseline expectation. A recent Hedgeweek® survey of hedge fund managers shows adoption now spans three broad categories: firms actively deploying AI, those experimenting, and those preparing to implement it in the next six months. Notably, none of the respondents said they had no plans to use AI.
Old West Investment Management has delivered a 31% gain for its flagship fund this year, thanks to a strategic increase in energy stock holdings long before recent geopolitical developments drove oil prices higher, according to a report by Bloomberg.
Portfolio managers at GAM Alternatives have called on Liontrust Asset Management to launch an immediate strategic review, including a potential sale of the business, arguing the company is materially undervalued.
