Managers
Trend-following hedge funds are carrying their largest-ever bearish exposure to global government bonds, increasing the potential for a sharp reversal if this week’s US inflation data weakens expectations for further Federal Reserve rate increases, according to a report by Bloomberg.
Hedge funds and other investors are pushing back against a US Securities and Exchange Commission proposal that would allow public companies to report financial results every six months rather than every quarter, according to a report by Bloomberg.
US natural gas prices jumped on Monday as changing weather forecasts prompted hedge funds to unwind bearish positions, with money managers having built their largest net-short exposure to the commodity in years, according to a report by Bloomberg.
Hong Kong is considering extending proposed tax incentives to proprietary trading firms as it seeks to strengthen its position as a global financial centre and compete with Singapore, New York and Miami for high-value investment talent, according to a report by the Financial Times.
Hedge funds are rebuilding equity exposure after sharply reducing risk in late July, with investors once again adding to long positions as the latest market rally gains momentum, according to a report by the Wall Street Journal citing a note from the prime brokerage division at Goldman Sachs.
Asian bank stocks are enjoying one of their strongest runs in years as investors rotate away from the increasingly volatile artificial intelligence trade and towards companies offering dividends, resilient earnings and greater exposure to domestic economies, according to a report by Bloomberg.
Hedge funds significantly reduced their bearish exposure to the yen following coordinated efforts by US and Japanese officials to stabilise the currency, reversing a large build-up in short positions earlier this summer, according to a report by Bloomberg.
Bill Ackman’s Pershing Square has built a distinctive approach to employee retention around a simple principle: give staff a meaningful financial stake in the hedge fund manager’s success, according to a report by Forbes.
India’s revamped stock-market closing auction is facing an unexpected challenge: some of the high-frequency and proprietary trading firms that provide significant liquidity are largely opting not to participate, according to a report by Bloomberg.
Hedge fund Toms Capital Investment Management is escalating its activist campaign at Voya Financial, seeking to take its call for a strategic review directly to shareholders and pushing for the asset manager to consider a potential sale, according to a report by the Wall Street Journal.
