Managers
Hedge funds active in the insurance-linked securities (ILS) space are increasingly adopting parametric insurance, a fast-growing niche that offers quicker payouts and fewer liquidity constraints than traditional catastrophe bonds, according to a report by Bloomberg.
Hedge funds increased short positions on Brent crude last week as oil posted its steepest weekly drop in over two years, with Middle East tensions easing and OPEC+ poised to boost output again, according to a report by Bloomberg.
TOP STORY: Hedge funds including Millennium Management, Point72 and Third Point, are ramping up their push into private credit, eager to capitalise on a booming market and diversify their businesses beyond liquid trading strategies, according to a report by the Financial Times.
Denmark’s tax agency has recovered €232m from funds seized in Germany linked to Sanjay Shah, the founder of hedge fund Solo Capital and the central figure in the Cum-Ex dividend tax fraud, according to a report by Bloomberg.
Quant hedge fund Engineers Gate has topped $4bn in assets under management and grown its portfolio manager count to over 75, capping off a multi-year rebound marked by strong double-digit returns, according to a report by Business Insider.
South Korea-based hedge fund GVA is ramping up its outreach to family offices, institutional investors, and fund of hedge funds across Asia after launching a Singapore-domiciled variable capital company (VCC) earlier this year, according to a report by CityWire.
After stepping back from active trading in 2019 following years of underperformance, Dymon Asia Capital Co-Founder Danny Yong, has staged an unexpected comeback as the strategic force behind one of Asia’s few large-scale multi-manager hedge fund platforms.
Claire’s Stores Inc, the tween-focused jewellery and accessories chain backed by hedge funds Elliott Management and Monarch Alternative Capital, is exploring a potential sale amid rising financial strain and mounting tariff-related import costs, according to a report by Bloomberg.
A group of hedge funds, including Palladian Partners, is seeking US court recognition of English court rulings that hold Argentina liable for €1.5bn in GDP-linked warrants, as Argentina eyes renewed access to global capital markets, according to a report by Reuters.
Andon Hong Kong Ltd, the investment arm of Chinese medical device maker Andon Health Co, is expanding its global alternatives footprint with the opening of a New York office, marking a significant move into hedge fund and private market investing, according to a report by Bloomberg.
