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Hong Kong-based hedge fund Trafalgar Capital Management has strengthened its investment team with the appointment of Michael Rothlin as chief investment officer responsible for its macro trading strategies, according to a report by FX Markets.
Quantitative hedge fund Squarepoint Capital is continuing to strengthen its commodities trading business, adding experienced traders from leading commodity merchants and investment firms as it expands its presence across both derivatives and physical markets, according to a report by eFinancial Careers.
Situational Awareness, the AI-focused hedge fund founded by former OpenAI researcher Leopold Aschenbrenner, is seeking additional capital from investors following sharp losses during the recent correction in technology and AI-related stocks, according to a report by the Financial Times.
Hedge funds are increasing bearish positions in several US critical minerals companies, betting that strong government backing for the sector will not be enough to overcome China’s long-standing dominance of global supply chains, according to a report by the Financial Times.
Millennium Management is seeking to raise a record $20bn from investors, underscoring continued institutional demand for large multi-strategy hedge funds as the sector attracts increasing allocations from global investors, according to a report by Bloomberg.
Align Technology, the manufacturer of Invisalign clear aligners, has reached a settlement with activist hedge fund Elliott Investment Management that will see three new independent directors added to its board, according to a report by Bloomberg.
CME Group is set to expand into sports-linked derivatives through a new long-term partnership with index provider FutureSports, with plans to launch what the companies describe as the world’s first futures and options contracts based on sports performance indexes.
The Bank of England is examining whether investment banks operating in the UK are overly exposed to Asian equities through their prime brokerage businesses, amid growing concerns over concentrated leveraged positions in AI-related stocks held by hedge funds and other investors, according to a report by the Financial Times.
US Treasuries advanced for a third consecutive session on Tuesday, supported by a sharp fall in oil prices as investors grew increasingly optimistic that diplomatic talks between the US and Iran could lead to the reopening of key tanker routes through the Arabian Peninsula, according to a report by Bloomberg.
Justin Ryan Schmidt, co-founder of cryptocurrency-focused hedge fund Translunar Crypto LP, has been sentenced to 37 months in prison after admitting to a scheme to evade millions of dollars in US taxes following his renunciation of US citizenship, according to a report by Bloomberg.
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