Managers
The growth of one of hedge funds’ biggest trades in the US Treasury market is showing signs of slowing as narrowing price gaps and changing market dynamics reduce the appeal of the strategy, according to a report by Bloomberg.
New SEC guidance requiring certain investors filing Schedule 13D disclosures to identify the parties backing their campaigns is prompting concern among activist hedge funds and their advisers, according to a report by Bloomberg.
The US Treasury has warned hedge funds and other investment managers that it will scrutinise increasingly popular strategies designed to generate tax benefits for wealthy investors, saying it will not ignore aggressive tax planning, according to a report by the Financial Times.
Hong Kong is expected to move quickly to approve new tax incentives for alternative investment managers with the proposed legislation expected to pass through the Legislative Council ‘soon’, according to a report by the South China Morning Posts citing comment from Sandy Fung, KPMG China’s partner for tax and alternative investments.
Cinctive Capital Management is expanding its multi-manager hedge fund platform with a new office in West Palm Beach and the appointment of two veteran portfolio managers who will focus on investments in the healthcare and technology sectors.
Currency carry trades are enjoying their strongest run in decades as subdued volatility and resilient global growth encourage investors to borrow in low-yielding currencies and seek higher returns in emerging markets, according to a report by Bloomberg.
Hedge funds may be approaching the end of a sharp de-risking cycle in momentum and semiconductor stocks, potentially creating an opportunity to rebuild positions in artificial intelligence-related equities, according to a report by Bloomberg citing a note from UBS.
Activist hedge fund Saba Capital Management has built a significant economic interest in UK student accommodation provider Unite Group, raising the prospect of another campaign by Boaz Weinstein’s firm against a London-listed company, according to a report by The Times.
Hedge funds and algorithmic traders are repositioning for further gains in crude oil as renewed attacks on energy infrastructure and shipping routes across the Middle East intensify concerns over a potential supply shock, according to a report by Bloomberg.
Hedge funds have reduced their exposure to US technology stocks at the fastest pace on record as persistent volatility across artificial intelligence and semiconductor shares prompts investors to cut positions, according to a report by Bloomberg citing a note from Goldman Sachs.
