Managers
Hedge funds making big cuts to their bullish bets on oil have contributed to huge swings in the market, according to a report by Bloomberg.
Speculators betting on West Texas Intermediate, diesel and gasoline futures have all been closing out their long positions, with Brent in particular seeing the largest reduction in outright bullish bets since 2018, according to the report.
Some of Brazil’s highest profile independent hedge funds have gurned to gold to protect their portfolios from the market turmoil caused by Russia’s invasion of Ukraine, according to a report by Bloomberg.
Anthony Scaramucci, founder of hedge fund SkyBridge Capital, is predicting a bitcoin rally to six figures in the next few months, according to a report by the Daily Hodl.
The report quotes an interview with MarketWatch in which Scaramucci said he expects to see ‘way better’ inflation rates by the end of 2022, and that Russia’s invasion of neighbouring Ukraine will have minimal impact on the global economy in the long term.
As economic prospect improve sow ill the outlook for bitcoin according to Scaramucci who predicts the digital current will rally to USD100,000 in the next year to 18
New York-based stock-picking hedge fund Soroban Capital Partners has made a least several hundred million dollars on bullish commodities bets following Russia’s invasion of neighbouring Ukraine, according to a report by The Wall Street Journal.
Other hedge funds to benefit from include New York macro fund Castle Hook Partners and value investor Pilgrim Global, who, also wagered that materials prices and shares of producers would rise following a year long drop in new commodity supply spending and efforts to reduce or limit carbon emissions.
The report says that Ccmmodities-focused funds that made similar wagers have seen returns of up to
Point72, the hedge fund firm run by billionaire investor Steve Cohn is to redeem the USD750 million it invested in Melvin Capital, according to a report by Bloomberg.
Significant losses sustained in recent weeks have prompted Mew York hedge fund Arrant Global to close down operations, according to a report by The Wall Street Journal.
The firm’s flagship long-short tech-focused equity strategy, which lost 8.5 per cent last year, has dropped by double digits so far in 2022, in line with the 12 per cent loss chalked up by the Nasdaq Composite over the same period.
Eisler Capital, a hedge fund firm run by former Goldman Sachs executive Ed Eisler, has returned all investment cash linked to Russia, following the country’s invasion of neighbouring Ukraine, according to a report by Bloomberg.
An internal memo seen by Bloomberg reveals that all Russia-linked capital affected by sanctions imposed by the US, the EU and the UK has now been redeemed.
Eisler Capital, which managed around USD4.3 billion at the start of 2022, was formed in 2015 by Eisler using a combination of his own funds and UD100 million from LetterOne Holdings, an entity linked to Russian oligarch Mikhail
Polkadot was the most popular alt coin with venture capital and hedge funds in the final quarter of 2021, according to a report by Forkast.
Twenty four of 57 funds investing in the space held Polkadot – the 11th latest cryptocurrency in the world with a market cap of USD18.7 billion – in Q4 2021.
Oasis Network (ROSE) and Near Protocol (NEAR) were the next most popular assets among VCs and hedge funds, according to analysis by Messari says the report.
Hedge fund veterans Alan Howard, co-founder of Brevan Howard Asset Management, and Paul Tudor Jones, head of Tudor Investment Corp, are upping their bets on the crypto space, according to a report by The Wall Street Journal.
Brevan Howard is making bets in the direction of bitcoin and other cryptocurrencies through a new crypto hedge fund launched in January, while Jones is reported ti have been purchasing cryptocurrencies as a hedge against rising inflation.
Tikehau Capital has reaped the benefits of its differentiating business model and delivered strong financial results in 2021 across its businesses with net profit totalling EUR319 million.
The Group’s asset management business delivered robust growth on all fronts from AuM to revenue while further improving its profitability.
Tikehau Capital’s balance sheet portfolio returns increased sharply during the year thanks to an active and relevant portfolio rotation as well as the strong ramp-up from the investments made by the Group in its own funds.
As a result of these strong performances, Tikehau Capital will propose the payment of a dividend
