Managers
A hedge fund backed by KKR & Co is betting on Indian stocks in the belief that inflation has peaked, according to a report by Bloomberg.
The report cites Vaibhav Sanghavi, co-chief executive officer of Mumbai-based long-short investor Avendus Capital Public Markets Alternate Strategies, as revealing that the firm is big on consumer, let by auto and industrials – market segments the firm believes are set to benefit when prices fall.
While there may be more volatility to come, Sanghavi is expecting ‘huge inflows’ once inflation falls, most probably from September onwards. Already the country’s inflation rate eased to
City-based hedge fund Brevan Howard is on the hunt for a US-based chairman sparking industry peculation that the $23 billion asset manager nay be planning a stock market listing, according to a report by Sky News.
The report cites a recruitment advertisement as revealing that Brevan Howard, which was jointly founded by billionaire Conservative Party donor Alan Howard, is looking for “a US-based independent chair to provide leadership and governance to its board and to help accelerate the company’s ambitious growth plans”.
The advert goes on to say that the successful applicant with have “an established and current track record
The Quantology Absolute Return fund (U-USD shares) was up +2.0% in June while the Nasdaq-100 TR lost 8.9% and the S&P 500 was down 8.3%.
The Coast Capital Engaged Fund advanced 3.3% in Q2 despite market turmoil that saw a 16% drop in both the S&P 500 and MSCI Europe indices.
More than 20% of Toshiba Corp shareholders opposed the election of two new board directors from activist hedge funds and a dissident external director, according to a report by Reuters.
Zhu Su, the chief executive officer and co-founder of beleaguered cryptocurrency hedge fund Three Arrows Capital (3AC) is looking to sell one of his luxury ‘good class bungalows’ in Singapore.
Zhu and his wife Tao Yaqiong Evelyn are reported to have been trying to offload the two-story, 15,000 sq ft, six bedroom property that they bought in the swanky Yarwood neighbourhood late last year for SGD48.8 million. The couple also owns at least one other good-class bungalow – the local equivalent of a mansion – at Dalvey Road, which was purchased under Tao’s name, according to public records.
Dubai is fast becoming a new hedge fund hotspot with a clutch of managers swapping more traditional locations for the emirate, according to a report by Bloomberg.
Millennium Management, the hedge fund firm founded by Izzy Englander, now employs around 30 staff in Dubai having secured a license to operate in the International Finance Centre (DIFC) in 2020, while All Blue Capital shaped its previous London HQ to base it’s global operation in Dubai with almost half of the company’s global staff now based there.
While Brexit has spurred some funds to seek new bases away from the City of
The biotechnology sector has become a hunting ground for hedge funds on the look out for bargain stocks, according to a report by The Financial Times.
After a sharp selloff which has seen a Nasdaq index of biotech stocks shed almost a third of its value since hitting an all-time high in August last year, managers are betting that the sector now provides investment opportunities.
The report says that some managers believe that biotech stock have fallen too far when drug development prospects are taken into consideration and are “buying up stocks on the cheap”.
London-based Infinity Investment Parters, which
Activist hedge fund Cannell Capital has acquired close to a 13% stake in medical device company Neuronetics, according to a report by the Philadelphia Business Journal, and is now seeking a seat on the company’s board.
SphereInvest Group (SphereInvest), privately-owned, specialist Investment Management company, has marked the 10-year anniversary of its Global Credit Strategies Fund, which commenced trading on 2 July 2012.
Over the last decade, the Global Credit Strategies Fund has consistently outperformed peers, delivering a Sharpe of 1.3 since inception and has been recognised for its strong, risk adjusted performance, being nominated for a number of industry awards.
The fund is a dynamically traded, unconstrained and opportunistic fixed income fund, which invests across a globally diversified, high conviction portfolio of corporate bonds and, at times, short-duration US Treasuries.
Managed since inception by
