Managers
Man Group Plc, the world’s largest publicly traded hedge fund, reported record assets under management of $213.9bn in the three months to the end of September, driven by strong inflows into long-only strategies and a recovery in flagship quant funds, according to a report by Bloomberg.
When Donald Trump recently called for US companies to abandon quarterly reporting in favour of semi-annual disclosures, he inadvertently reignited one of finance’s most persistent debates. “China has a 50-to-100-year view on management of a company, whereas we run our companies on a quarterly basis,” the president posted. “Not good!!!”
Ken Griffin, founder of multi-strategy hedge fund major Citadel, has expressed skepticism over the ability of generative artificial intelligence to help hedge funds outperform the market, according to a report by Bloomberg.
The International Monetary Fund has warned that banks in the US and Europe hold $4.5tn in exposures to hedge funds, private credit, and other non-bank financial institutions, raising concerns about systemic risk, according to a report by the Financial Times.
MQT Asset Management, a next-generation macro investment manager, is gearing up to launch both funds and segregated managed accounts in early November backed with with initial investment from the firm’s partners and a seed capital provider.
Activist hedge fund Shah Capital has called on the board of Novavax to pursue a sale, citing ongoing operational challenges and marketing missteps that have hindered the vaccine maker’s performance for a third consecutive year, according to a report by Reuters.
Hedge funds are ramping up exposure to calendar spread options (CSOs) across oil and gas markets, betting on shifts in futures curves rather than outright prices – a once-niche strategy now gaining momentum among multi-strat and macro funds, according to data from CME.
Hedge fund pioneer Clint Carlson, founder of one of the first multi-strategy firms back in 1993, is aiming to stage a comeback, joining a wave of industry veterans seeking to revive once-prominent firms after years of asset declines, according to a repot by Bloomberg.
Ken Griffin’s multi-strategy hedge fund major Citadel has agreed to acquire German power-trading firm FlexPower, marking another step in the firm’s global expansion in natural gas and power markets, according to a report by Bloomberg.
Activist hedge fund Starboard Value has built a stake in Keurig Dr Pepper (KDP) following the beverage giant’s $18bn acquisition of European coffee maker JDE Peet’s, a deal that has drawn criticism from investors, according to a report by Reuters.
