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A former hedge fund and private equity adviser has returned to the industry with a new consultancy aimed at wealthy families, betting that artificial intelligence will reshape how high-level financial and strategic advice is delivered, according to a report by Bloomberg.
Citadel boss Ken Griffin may hold Miami in high regard as a financial hub, but many New York-based hedge fund portfolio managers remain uncovinced about the city’s merits over NYC, despite renewed political tensions in the Big Apple, according to a report by eFinancial Careers.
A high-profile macro trader has switched employers at the last moment, abandoning a planned move to Millennium Management in favour of joining Citadel, underscoring intensifying competition for elite hedge fund talent, according to a report by Bloomberg.
New Zealand’s dollar could be poised for gains despite heavy bearish positioning from hedge funds, with analysts pointing to potential support from monetary policy signals and easing geopolitical tensions, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission.
Activist hedge fund Carrousel Capital has raised doubts over restructuring plans at the Templeton Emerging Markets investment trust, highlighting ongoing investor tension around valuation discounts and liquidity mechanisms in closed-end funds, according to a report by Reuters.
Saba Capital Management, the hedge fund led by Boaz Weinstein, has agreed to pause its activist campaign targeting Herald Investment Trust, according to a report by CNBC
Global equities eased and oil prices climbed on the last trading day of the week as renewed clashes involving the US and Iran in the Middle East reignited concerns over energy supply disruptions, interrupting a record-setting run in global stock markets, according to a report by Bloomberg.
Hedge fund returns showed a marked divergence in April, with performance differences between top and bottom managers widening again as market conditions continued to favour skilled stock selection and active positioning, according to a data from HFR.
Liquidity in global oil markets has thinned sharply as escalating US–Iran tensions and ongoing disruption in the Strait of Hormuz push traders to the sidelines, amplifying price swings in a key benchmark for the global economy, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm, has added to its team in New York with the appointment of Eisler Capital senior portfolio manager Allan Levin as a portfolio manager, according to a post on his LinkedIn profile.
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