Vista Capital, a Brazilian hedge fund which has so far racked up a 54% return in 2022, is betting on further increases in the price of oil prices and buying up shares in domestic companies, according to a repot by Bloomberg. The report cites founding partner Joao Landau as saying that the Rio-de Janeiro-based fund, is sticking with oil despite the recent slump to $97 a barrel and is also betting on falling iron ore prices as well as a wider recovery in Brazilian stocks. Landau’s Vista Multiestrategia FIC FIM fund is up an impressive 53.5% year-to-date after fees, beating

Hedge funds are heading for one of their worst years of performance on record, with many managers having failed to protect investors from sharp falls in equity and bond markets, according to a report by The Financial Times. According to data from HFR, hedge funds were down 5.6 per cent on average in the first six months of 2022, leaving the industry on track for its second-worst year of returns since 1990 – when HFR began recording performance – second only to the losses seen during the global financial crisis of 2008. Long-short equity funds, which manage around $1.2 trillion

Guangdong Zhengyuan Private Fund Investment Management Co’s Liao Maolin believes that the worst is over for China stocks and a rebound is looming large, according to a report by The Financial Post. Having invested heavily in the country’s sinking stock in March, the hedge fund manager is now focused on betting on downstream green energy companies and is raising money to invest in solar and wind power plants. And the strategy is already paying off with the firm’s holdings in companies focused on photovoltaic technology — devices that convert light into electricity — having rebounded as predicted, extending the Zhengyuan

Steve Cohen, founder of hedge fund Point72 Asset Management has exited his investment in cryptocurrency trading startup Radkl, according to a report by Bloomberg. The report cites a statement from a spokesperson for the company as confirming that the billionaire investor, who had made a personal investment in Radkl, is no longer backing the quantitative crypto trading firm, which was founded by New York Stock Exchange market maker GTS. Radkl has already lost two managing directors this year, including Jim Greco and Beatrice O’Carroll and now lists only five employees on its website although that lists includes O’Carroll who has

Man Group has reported a drop in assets under management of 6% over the three months to the end of June, due to the impact of volatility in global financial markets. Client assets dropped to $142.3 billion from $151.4 billion as of 31 March 2022, following losses of $4.6 billion from currency moves and another $4.6 billion from investments.  Despite the fall in AUM, higher net management fees and core performance fees helped drive core profit before tax to $395 million, an increase of 22% on the $323 million achieved in the six months ended 30 June 2021. Chief executive

David Einhorn, founder of hedge fund Greenlight Capital, has written to investors to inform them that the fund has acquired a new stake in Twitter at an average price of $37.24 per share, according to a report by Reuters.

News that hedge fund giant Citadel has built a 5% stake in Boohoo has boosted the online fashion retailer’s share price by 3.7%, according to a report by RetailSector.

BFAM Partners received redemption requests totalling around 10% of its assets in June as the firm recorded a 16% loss for the first half of the year, according to a report by Bloomberg.