Managers
A growing reliance on a small group of global banks to provide financing to hedge funds and proprietary trading firms is raising fresh questions about financial stability, according to a a report by Bloomberg citing new analysis from S&P Global.
Hedge funds originally built to trade cryptocurrencies are increasingly applying their strategies to traditional asset classes such as crude oil, copper and equity indices, as always-on trading platforms broaden beyond digital tokens, according to a report by Bloomberg.
Renowned short seller Carson Block, founder of Muddy Waters Capital, believes that artificial intelligence could trigger a period of market and economic disruption that may ultimately exceed the fallout from the 2008–09 global financial crisis, according to a report by the Financial Times.
Citadel CEO Ken Griffin has warned that the global economy could tip into recession if the Strait of Hormuz remains effectively closed for an extended period, highlighting the scale of macroeconomic risk stemming from ongoing Middle East tensions.
Toronto-based hedge fund firm Waratah Capital Advisors has called for the removal of three directors at Lithium Ionic, as regulatory proceedings in Ontario cast a shadow over the company’s governance, according to a report by Bloomberg.
Hedge funds increased bullish equity positioning last week as investors moved to position for a potential de-escalation in US–Iran tensions ahead of weekend geopolitical developments, according to a report by Reuters citing client data from Goldman Sachs.
Alua Capital Management is shutting down its roughly $2bn hedge fund, bringing an end to a high-profile launch backed by strong pedigree but ultimately falling short on performance, according to a report by Bloomberg.
Activist hedge fund firm Third Point, led by billionaire investor Daniel Loeb, has withdrawn from its investment in CoStar Group and will not proceed with a planned proxy contest, according to a report by Reuters citing a recent letter and unnamed people familiar with the matter.
Pershing Square Capital Management founder Bill Ackman, has placed the success of his proposed $64bn bid for Universal Music Group heavily on the position of French billionaire Vincent Bolloré, the company’s largest influential shareholder, accordoing to a report by the Financial Times.
Odey Asset Management founder Crispin Odey has withdrawn his £79m libel lawsuit against the Financial Times, conceding that the publication would likely succeed in defending its reporting on sexual misconduct allegations, according to a report by the FT.
