Managers
Global hedge funds, including Millennium, Qube Research & Technologies, and Oaktree, are returning to Hong Kong listings at the strongest pace since 2021, as investors seek exposure to Chinese equities following an extended slowdown, according to a report by the Financial Times.
Hedge fund heavyweight Viking Global Investors has ramped up its use of artificial intelligence across its $53bn platform, with its in-house chatbot “VikingGPT 2.0” now fielding up to three trader and analyst queries per minute, according to a report by Blooberg.
Activist hedge fund Sachem Head Capital Management has secured a board seat at Six Flags Entertainment, intensifying investor influence over the struggling theme park operator following months of pressure to improve performance, according to a report by Reuters.
TOP STORY: Shares in Man Group surged to a six-month high in trading in London on Friday after the world’s largest listed hedge fund manager reported a 22% rise in assets under management to a record $213.9bn, according to a report by Reuters.
HoldCo Asset Management, the $2.6bn activist hedge fund specialising in financial institutions, has built a 3% stake in Eastern Bankshares and is pressing the 200-year-old Boston lender to pursue a sale rather than continue its acquisition spree, according to a report by Reuters.
Activist hedge fund Elliott Investment Management is positioning itself for another major restructuring play, this time targeting Citgo Petroleum, as the long-running court-ordered auction of the Venezuela-owned refiner nears its conclusion, according to a report by Reuters.
While retail traders double down on their “buy-the-dip” mantra, hedge funds are taking the opposite tack — cutting risk and buying protection as market volatility creeps higher, according to a report by Bloomberg citing data from Citadel Securities.
Hedge funds domiciled in the Cayman Islands may hold $1.4tn more in US Treasuries than official data indicates, with the discrepancy underscoring how basis trades and repo financing mask the scale of hedge fund exposure, according to a report by Bloomberg citing researchers at the Federal Reserve.
Traders at leading hedge funds are now pocketing almost a quarter of the profits they generate for investors, according to report by the FT citing a Goldman Sachs report, as multi-manager firms like Citadel and Millennium extend their dominance in the sector.
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.
