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Hedge funds linked to Liang Wenfeng, the billionaire founder of DeepSeek, emerged among the biggest beneficiaries of the record-breaking initial public offering of Chinese memory chipmaker CXMT according to a report by Bloomberg.
Former portfolio managers from Citadel are attracting increasing amounts of capital from some of the hedge fund industry’s largest multi-manager firms, highlighting the growing importance of external investment programmes, according to a report by Business Insider.
Brevan Howard has seen several senior departures from its commodities investment business over the past year, as experienced portfolio managers and strategists have moved to rival firms, according to a report by eFinancial Careers.
Viking Global Investors has acknowledged that its cautious approach to artificial intelligence-related stocks cost it performance in the first half of the year, even as the hedge fund continues to resist chasing companies trading at what it considers excessive valuations, according to a report by Bloomberg.
Meridiem Capital Partners, the equities-focused hedge fund founded by former Citadel portfolio manager Khalid Malik, has rebuilt its assets to around $1.6bn after losing a $1.5bn investment from Millennium Management more than two years ago, according to a report by Bloomberg.
Activist hedge fund Donerail and private investment major Blackstone are among the investment firms competing in the final round of bidding for US yacht retailer MarineMax, according to a report by Reuters citing unnamed people familiar with the matter.
A former senior executive east Davidson Kempner Capital Management has alleged that HM Revenue & Customs challenged arrangements used by the hedge fund to reduce partners’ tax liabilities, according to a report by Bloomberg.
CME Group is bringing back single-stock futures in the US, giving investors a new way to take leveraged long or short positions in major companies without directly trading their shares, according to a report by Bloomberg.
Hedge funds have amassed their most negative positioning on the Canadian dollar in nearly two years as renewed US tariff threats add to pressure on the loonie, according to a report by Bloomberg citing the latest data from the Commodity Futures Trading Commission (CFTC).
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