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Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of ultra-loose monetary policy, raising concerns that a reversal of yen-funded positions could reverberate across global markets, according to a report by the Financial Times.
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond exchange traded products into actively managed cryptocurrency strategies.
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa’s strategy to strengthen the French bank’s capital markets operations and deepen relationships with hedge funds and asset managers, according to a report by Bloomberg.
Prediction markets platform Polymarket is lobbying regulators in the UK and European Union to classify its contracts as financial products rather than gambling instruments, a move that could determine how widely it can expand across European markets, according to a report by the Financial Times.
TOP STORY: Oil prices recovered on Tuesday after four consecutive sessions of losses, as traders balanced signs of a possible diplomatic breakthrough in the US-Iran conflict against continuing threats to crude supplies across the Middle East, according to a report by Bloomberg.
Carl Icahn’s investment firm and several hedge funds are facing legal action in Delaware over their involvement in appraisal and merger-arbitrage strategies linked to Silver Lake’s $25bn acquisition of Endeavor Group Holdings, according to a report by Bloomberg.
Another senior rates trader has moved from Nomura to the hedge fund industry, with Mathias Berenger joining London-based Capstone Investment Advisors as a portfolio manager following five years at the Japanese bank, according to a report by eFinancial Careers.
Bitcoin surged above $87,000 on Monday as a broad recovery in global risk assets helped revive demand for cryptocurrencies, with positive flows into US spot bitcoin exchange-traded funds adding to the improved sentiment, according to a report by Bloomberg.
The Federal Reserve and Bank of England are intensifying their examination of banks’ relationships with major trading firms and market makers following the sharp losses suffered by Jane Street during the July sell-off, according to a report by the Financial Times citing unnamed people familiar with the matter.
Hedge funds have shifted to a net bullish position on the yen for the first time since mid-2025, according to data from the US Commodity Futures Trading Commission (CFTC), marking a significant change in positioning, according to a report by Bloomberg.
