Managers
Schonfeld Strategic Advisors is expanding into Latin America with plans to open a São Paulo office led by Andre Laport, co-founder of Vinland Capital and a former Goldman Sachs partner, establishing the New York-based firm’s first foothold in Brazil, according to a report by Bloomberg.
Bridgewater Associates founder Ray Dalio has recommended that neutral investment portfolios should include a 10%-15% allocation to gold to shield investors from risks arising from debt-burdened US markets, according to a report by Reuters.
Barnegat Fund Management, a New Jersey-based hedge fund with $621m in assets, is looking to exploit what it sees as mis-pricing between long- and short-dated German debt prompted by Dutch pension reforms, according to a report by Bloomberg.
Altai Capital Management is preparing for a potential boardroom battle at OraSure Technologies after increasing its stake in the diagnostics company from 3% at the end of June to 5% in recent weeks, according to a report by Reuters.
Hedge funds are ramping up bullish wagers on the Japanese yen through options trades after Bank of Japan officials signalled they remain open to further rate hikes this year, despite political uncertainty in Tokyo, according to data from the CME Group.
Hedge funds including Silver Point Capital, Redwood Capital Management, and Monarch Alternative Capital, are in line for potentially significant gains following EchoStar Corp’s $17bn sale of wireless spectrum to Elon Musk’s SpaceX, according to a report by Bloomberg.
Activist hedge fund Elliott Investment Management has acquired a 4-5% stake in Japanese regional utility Kansai Electric Power Co, and is now targeting the company’s non-core assets to unlock shareholder value, according to a report by Bloomberg.
Hamza Lemssouguer’s Arini Capital Management has quickly become a dominant force in Europe’s distressed and high-yield credit markets, deploying billions into refinancing deals for some of the region’s most debt-laden corporates, according to a report by Bloomberg.
Hedge funds have ramped up short bets against Kering to their highest levels in more than a decade, adding to the challenges facing incoming chief executive Luca de Meo as he looks to turn around the French luxury group, according to a report by Reuters.
Citadel’s Head of Economic Research for Fixed Income and Macro, Angel Ubide, has described the US economy and labour market as being in a “fragile equilibrium,” with long-term Treasury yields serving as a key barometer for risk assets, according to a report by Bloomberg.
