US hedge fund Schonfeld Strategic Advisors has told 150 of its 1,000 employees that they are losing their jobs as the firm looks to cut costs in the wake of its failed tie-up talks with Millennium Management, according to a report by the Financial Times.
A series of well-timed bets against wind energy stocks have generated positive returns for a number of investment firms, including hedge fund Marshall Wace and quantitative trading firm Qube Research & Technologies, according to a report by The Financial Times.
Hedge fund manager Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis as depicted in the movie ‘The Big Short’, added a bearish options position on semiconductors in Q3, according to a report by Reuters.
Azenta, a provider of life sciences services including genomics, cryogenic storage, automation, and informatics, has announced changes to its board in return for a commitment from activist investor Politan Capital Management not to push for seats, according to a report by Reuters.
Hedge funds that employ long-short strategies have been hit by the imposition of a new cap on OTC derivatives by Chinese regulator the CSRC, with the country’s securities firms having been instructed to cease expanding their operations in this area, according to a report by Bloomberg.
Hedge funds and money managers have upped their bearish bets on on US oil fourfold in the past month as demand concerns return to markets, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Trikon Asset Management Ltd, the Hong Kong-based hedge fund firm founded by Moore Capital alumnus Gaurav Grover, is to cease operations after about five years of trading, according to a report by Bloomberg.
Hunterbrook, a VC-backed hedge fund firm, has begun hiring financial journalists who will operate independently from, but provide support to, its research team in identifying possible investments, according to a report by the Financial Times.