Managers
A weaker-than-expected US inflation reading has prompted a sharp repricing across interest rate markets, with hedge funds and other fixed income investors reducing expectations that the Federal Reserve will raise rates at its July meeting, according to a report by Bloomberg.
Global investors are becoming increasingly bearish on UK equities as improving sentiment towards the global economy drives demand for cyclical and technology stocks, leaving London’s defensive market increasingly out of favour with hedge funds and other institutional investors, according to a report by Bloomberg.
Hedge funds sharply reduced their exposure to oil during June as crude prices retreated from their recent highs, although tight refined fuel markets suggest physical supply constraints remain in place despite the sell-off, according to a report by Crux Investor.
Artificial intelligence is set to usher in a new wave of entrepreneurship by eroding the competitive advantages of established companies, according to a report by Hedge Fund Alpha citing comments by Citadel founder and CEO Ken Griffin.
Hedge funds and fixed income investors are increasingly positioning for the possibility of a US Federal Reserve interest rate increase later this month, with markets pricing in a sharply higher probability of policy tightening ahead of key inflation data and testimony from Fed Chair Kevin Warsh, according to a report by Bloomberg
Oil prices posted their largest one-day gain in more than six years on Monday as renewed conflict in the Middle East and fresh US action against Iranian shipping prompted hedge funds and energy traders to reassess the likelihood of a prolonged disruption to global crude supplies, according to a report by the Wall Street Journal.
A group of hedge funds including Verition Fund Management and Empyrean Capital Partners, is battling for control of a proposed shareholder class action challenging 3G Capital’s $9.4bn acquisition of footwear company Skechers USA, as investors seek to overturn what they claim was an undervalued takeover.
Goldman Sachs believes conditions for currency carry trades are the most attractive they have been since 2000, as wide interest rate differentials and subdued foreign exchange volatility create favourable opportunities for macro investors and hedge funds, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has built a significant stake in car insurance software provider CCC Intelligent Solutions Holdings, as the company explores strategic options including a potential sale, according to a report by Bloomberg.
Wall Street’s primary dealers have moved into a net short position in US corporate bonds for the first time in at least 25 years, highlighting both changing market dynamics and growing caution over credit risk despite continued investor demand, according to a report by Bloomberg.
