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Third Point’s Dan Loeb said he remains confident about the US market outlook, noting that while volatility is inevitable, he is unconcerned by the Federal Reserve’s interest rate path and expects US equities to continue performing well, according to a report by Bloomberg.
Rani Nazim, former co-head of European credit trading at Morgan Stanley, has re-entered the financial markets after nearly two years away, taking on the role of Credit Portfolio Manager at Verition Fund Management’s London office, according to a report by eFinancial Careers.
Activist hedge fund Jana Partners has taken a new position in Alkami Technology during the third quarter, according to a report by Reuters citing unnamed people familiar with the matter — a move that signals growing activist attention on the under-pressure digital banking software provider.
Starboard Value has fully exited its position in Pfizer, winding down the activist campaign it began last year to push for governance and performance improvements at the US drugmaker, according to a report by Reuters.
Some of the largest US hedge funds, including Bridgewater, Tiger Global and Lone Pine, pared back positions in the so-called “Magnificent Seven” during the third quarter, while others upped their holdings or opened new positions, according to a report by Reuters.
Decagon Asset Management — a hedge fund backed by Squarepoint Capital — has secured separately managed account (SMA) commitments from clients including Atom Investors, bringing its assets under management to about $450m, according to a report by Bloomberg citing people familiar with the matter.
JPMorgan’s analysts say that hedge funds turning unexpectedly cautious in October could set the stage for a rebound in equity markets into year-end, according to a report by Investing.com.
AQR Capital Management co-founder Cliff Asness says the quantitative investment firm is considering entering the sports betting market, according to a report by Bloomberg.
Citadel LLC has appointed Kevin Nassery, a former senior technology executive at crypto-exchange Gemini Trust Company, to lead its security and risk compliance for the Americas, according to a report by eFinancialCareers.
BlackRock is overhauling its flagship quantitative investment strategy in a bid to compete more directly with traditional hedge-fund heavyweights, according to a report by the Financial Times.
