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Hedge-fund manager Point72 Asset Management has reported gains of approximately 30% for its new Turion fund this year, driven by strong performance in artificial intelligence related equities, according to a report by Bloomberg.
Digital asset investment products saw a second consecutive week of outflows totalling $1.17 bn, driven by post-liquidity cascade volatility and uncertainty over a potential US rate cut, according to CoinShares.
Man Group Plc, the UK-based hedge fund giant, is capitalising on rising client interest in sustainable investing after securing a $13.2bn mandate from Dutch pension fund PFZW in September, according to a report by Bloomberg citing unnamed sources.
Cliff Asness, co-founder of AQR Capital Management, says US equities look historically expensive but not dangerously overvalued, arguing that while prices are high, they fall short of the excesses seen during past bubbles, according to a report by Bloomberg.
Jivko Jekov, a senior energy trader at Millennium Management, has departed the hedge fund three years after joining to build its energy trading team, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Maxwell Lee, the former systematic commodities trader at Jain Global, has made a return to banking as a Managing Director at JPMorgan, after leaving Bobby Jain’s hedge fund firm earlier this year, according to a report by eFinancial Careers.
Activist investor Elliott Investment Management has quietly built a significant stake of almost 5% in Toyota Industries Corp, joining a growing chorus of shareholders opposing the proposed JPY16,300-per-share ($30.5bn) buyout offer led by Akio Toyoda as too low, according to a report by Bloomberg.
Hedge funds sharply reduced their exposure to consumer discretionary stocks last week, cutting positions in hotels, restaurants, and leisure groups to levels not seen since the 2020 pandemic, according to a report by Reuters citing a note from Goldman Sachs.
London-based hedge fund LMR Partners has strengthened its equities business by hiring Andy Hill, formerly head of trading at ExodusPoint, as its new head of European equities trading, according to a report by eFinancial Careers.
Hedge fund Balyasny Asset Management has bolstered its AI capabilities with the hire of Matthew Henderey, former chief data scientist for the CIA’s Office of Artificial Intelligence, according to a report by eFinancial Careers citing unnamed sources familiar with the matter.
