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Hedge fund majors Citadel, Balyasny Asset Management, and ExodusPoint all continuing their positive year-to-date performance in September, but trailed broader US equity markets, according to a report by Businesse Insider citing unnamed sources familiar with the managers.
Activist hedge fund firm Irenic Capital Management, which holds a 2% shareholding in Workiva Inc, has outlined a series of recommendations aimed at reversing the software company’s recent share price underperformance and accelerating value creation.
Bridgewater Associates has chosen five finalists from five countries for its “Forecasting the Future” talent initiative, offering $25,000 awards and potential employment opportunities at the $92bn macro hedge fund, according to a report by Reuters.
Global Payments has added two new directors – Patricia Watson and Archana Deskus – to its board following activist hedge fund Elliott Investment Management’s stake-building in the payments company, according to a report by Reuters.
European digital asset manager CoinShares is to acquire London-based Bastion Asset Management, a crypto-focused alternative investment manager regulated by the UK FCA in a move aimed at strengthening its actively managed capabilities.
Hedge fund Jain Global has made its first significant move into physical natural gas trading through the acquisition of wholesale marketing firm Anahau Energy, according to a report by Bloomberg citing unnamed people familiar with the matter.
James Fishback, a former analyst at David Einhorn’s Greenlight Capital, has admitted to sharing confidential fund information and agreed to cover the hedge fund’s legal costs in a lawsuit filed against him, according to a report by Bloomberg.
Digital asset investment products saw $812m in outflows last week, though YTD inflows remain robust at $39.6bn, close to last year’s record, according to the lates Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge funds have adopted a bearish stance on London cocoa for the first time in three years, reflecting expectations of stronger global supplies following a historic crunch in West Africa, according to a report by Bloomberg.
Brevan Howard is expanding its New York operations with the hire of Portfolio Manager Hsu, who joins from US hedge fund Two Sigma where he spent three years a Vice President. Hsu, will take up his new position in December, according to a report by Bloomberg.
