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Hedge funds were wrong-footed by last week’s oil rally after building record short positions in Brent crude just before fresh US sanctions on Russian energy giants sent prices soaring, according to a report by Bloomberg citing data from ICE Futures Europe.
Farrer Capital Management, a hedge fund focused on global commodity markets, has deployed TS Imagine’s integrated trading and risk management platform to strengthen its execution, portfolio oversight, and risk control capabilities.
Balyasny Asset Management is ramping up its Asia macro trading presence, adding four new team members under Portfolio Manager Ron Choy, who joined the firm earlier this year with a compensation package reportedly worth up to $30m, according to a report by Bloomberg.
RTX Fintech & Research, a US electronic interdealer trading platform for interest rate swaps, today announced the appointment of André Léger as Chief Product Officer and Head of Markets in Asia.
Clearwater Analytics and JPMorgan Asset Management have unveiled a new integration linking CWAN’s Enfusion platform directly with JP Morgan’s Morgan Money® short-term investment platform, aimed at transforming cash management for hedge funds.
Bill Ackman’s Pershing Square Holdings Ltd has returned to the US investment-grade market for the first time since 2021, raising $500m through a new seven-year dollar bond issued on Thursday, according to a report by Bloomberg.
Short sellers across Europe took a hit on Thursday as several of the region’s most heavily shorted stocks — including Kering SA, Volvo Car AB, Rentokil Initial Plc, Metso Oyj, and Nokia Oyj — surged sharply following better-than-expected quarterly results, according to a report by Bloomberg.
Institutional investors remain largely unconvinced by crypto hedge fund strategies, according to Man Group and LGT Capital Partners, who say the asset class still carries more operational risk than reward, according to a report by Bloomberg.
Hedge fund investors pulled back slightly on planned withdrawals in October, according to the latest SS&C GlobeOp Forward Redemption Indicator, which fell to 1.86% for the month, down from 2.21% in September.
London-based crypto hedge fund Fasanara Digital, the $500m digital assets division of Fasanara Capital ($5.5bn AUM), is expanding its team with hires from major quantitative and hedge fund players, according to a report by eFinancial Careers.
