Managers
Hedge funds have pared back bullish bets on crude to their weakest level in 17 years, amid mounting concerns that supply will soon outstrip demand, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
An affiliate of Elliott Investment Management has emerged as the frontrunner in the high-stakes auction of Citgo Petroleum’s parent company, PDV Holding, after submitting an improved offer that now tops a rival $7.4bn bid from Gold Reserve’s Dalinar Energy, according to a report by Reuters.
Hedge fund Emmett Investment Management is preparing for a potential boardroom battle at Whitestone REIT and is considering nominating directors to the shopping centre operator’s six-member board, according to a report by Reuters.
Once a popular short among hedge fund managers Elon Musk’s EV-manufacturer Tesla has reappeared on the list of their “VIP” stocks for the first time since 2022, according to a report by MorningStar citing new analysis from Goldman Sachs.
Hedge funds are increasing exposure to companies likely to benefit from a potential Ukraine peace deal, as optimism builds around US President Donald Trump’s efforts to broker an agreement with Vladimir Putin, according to a report by the Daily Telegraph, citing data from Morgan Stanley.
A growing number of institutional investors, including Texas Teachers and Erlen Capital, are pushing back against the rising cost of investing in multi-strategy hedge funds, with concerns mounting over passthrough fees that erode net returns, according to a report by Bloomberg.
White Elk Partners, the hedge fund launched in 2023 by former Brevan Howard and BlueCrest portfolio manager Carl Radford, has opened a new office in Sydney as it expands its global footprint, according to a report by Financial News.
Hedge funds, including Marshall Wace and Millennium, are stepping up bearish wagers against Europe’s automotive sector, as carmakers and suppliers face mounting pressure from US trade tariffs and intensifying competition from Chinese rivals, according to a report by the Financial Times.
Hedge funds singled out WHSmith as a top short in July, weeks before the UK-listed travel retailer’s shares plunged more than 45% on Thursday after disclosing a major accounting error in its North America unit, according to a report by Reuters.
Man Group, the world’s largest publicly listed hedge fund, is maintaining a bearish view on emerging market (EM) hard currency debt, warning that this year’s rally is built on shaky foundations as US inflation limits the Federal Reserve’s capacity to cut rates, according to a report by Bloomberg.
