Managers
Balyasny Asset Management is ramping up its equities capabilities with a new trading platform under Peter Goodwin, a former Point72 Asset Management portfolio manager and one of the firm’s highest-profile hires, according to a report by Bloomberg.
Hedge funds are increasingly turning to options to bet on a year-end rebound in the US dollar, as investors anticipate further weakness in major peers such as the euro and yen, according to a report by Bloomberg citing data from the Chicago Mercantile Exchange.
A widely followed hedge fund trade on dollar swap spreads is quickly attracting renewed attention as strategists at major US banks pile back into long recommendations, with Morgan Stanley, Barclays, and Citibank all promoting the so-called “spread widener” trade, according to a report by Bloomberg.
Faisal Syed and his investment team have moved their hedge fund strategy from Fir Tree Partners to Lighthouse Group, following Fir Tree’s decision to return external capital to investors, according to a report by Bloomberg.
Bridgewater Associates founder Ray Dalio has echoed Citadel’s Ken Griffin in viewing gold as a stronger safe haven than the US dollar, citing rising government debt, geopolitical tensions, and currency instability, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm, is advising investors to reduce exposure to US equities and increase allocations to Europe, Asia, and emerging markets amid concerns over dollar weakness and elevated Treasury yields, according to a report by Bloomberg.
Cantor Fitzgerald is seeking to adjust the terms of its acquisition of UBS’s O’Connor hedge fund unit following significant losses tied to the bankruptcy of First Brands Group, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Crypto hedge fund XWIN Finance has projected that ether could climb to $10,000 in the current cycle, citing macro liquidity conditions as a key driver alongside protocol developments, according to a report by CryptoNews.
Macro hedge funds were heavily active in yen trading on Monday, with a significant portion of flows reflecting a “mass square-up” of bullish positions rather than the initiation of new bearish bets, according to a report by Bloomberg citing traders at Nomura International and Citigroup.
Citadel founder and CEO Ken Griffin has expressed concern over the growing trend of investors treating gold as a safer alternative to the US dollar, citing it as a sign of increasing de-risking amid US fiscal and monetary uncertainty, according top a report by Bloomberg.
