Managers
San Francisco-based hedge fund Inclusive Capital Partners (In-Cap) has made a £1.5 billion bid to acquire UK-based housebuilder Countryside Partnerships, according to a report by the Financial Times.
In-Cap went public with its offer to acquire the business on Monday having twice had approached rejected by the Countryside board.
With a 9 per cent stake in the business, In-Cap is Countryside’s second largest shareholder after Browning West, which has also agitated for change at the company and now has a presence on the board.
Stagflation is looming large for the US economy and will happen quickly according to Bob Prince, a top investment banker at the world’s largest hedge fund Bridgewater Associates.
Hedge fund managers are adopting a different approach to asset managers when it comes to trading US treasuries, according to a report by Bloomberg.
The report says the former are doubling down on bearish bets just as traditional money managers adopt a more positive stance that may suggest they feel the global stock sell-off is winding down.
While data from the CFTC last week revealed that leveraged funds increased their short positions on US sovereign debt to the highest level since October 2020, pension pension funds, insurers and mutual funds have boosted long positions to the highest level since April 2020.
Macro hedge fund manager Brevan Howard Asset Management is expanding its operation with a move into credit trading according to a report by Bloomberg.
Hong Kong stocks are back in favour with JP Morgan Chase & Co’s hedge fund clients, according to a report by Bloomberg, with the Wall Street Bank having revealed in a note this week that hedge funds are buying again after a sell-off lasting over a year.
The report also says that JP Morgan has reported a stabilisation of flows in mainland China too, with stock purchases to cover short positions being offset by fall in ‘bullish wagers in the east few weeks’.
Activist hedge fund Elliott Management is actively seeking deals in the US oil and gas sector, according to a report by Bloomberg.
In a somewhat contrarian strategy, the fund, founded and co-led by billionaire investor Paul Singer, is said to have written to energy bankers in January in search of opportunities to acquire US oil and gas acreage.
The report cites an unnamed source as saying that Elliott wants to provide capital to management teams involved in the acquisition and development of land for oil and gas production.
London-based Nickel Digital Asset Management (Nickel), a regulated crypto hedge fund manager, has outperformed the S&P500 since January 2020, despite the initial strong performance of equities during the Covid period.
A new report by Citco says hedge funds are set to be hit by $20 billion of redemptions during the remainder of the year, according to a report by Bloomberg.
While the sector saw net inflows during the first quarter of 2022, investors withdrawals for the current quarter are expected to total $13.5 billion with an additional $6.5 billion set to be redeemed before the end of the year.
The Citco report also notes that fresh investments could well cancel out any redemptions with the industry seeing net inflows of $13.6 billion in Q1, more than double the amount seen
Part 1 – Choosing the right structure: For any Alternative Investment Fund Manager (AIFM), the main factors that define the success of their business will be the amount of capital they are able to raise and the performance of the funds that they manage.
Analysis by Goldman Sachs has revealed that a period of record poor performance has prompted hedge fund managers to rotate out of their favourite growth stocks and into cyclical companies, according to a report by CNBC.
Goldmans Sachs analysed the holdings of 799 hedge funds with a combined $2.4 trillion of gross equity positions at the start of Q2 2022 and then compiled a basket of the 50 most popular long position stocks that appear among the funds’ 10 largest holdings.
The so-called “Hedge Fund VIP basket” has trailed the S&P 500 by 28 percentage points since early 2021, marking
