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Hedge funds are piling into bullish options bets on the Chinese yuan, positioning for dollar weakness after softer-than-expected US payrolls raised concerns about the strength of the American economy, according to a report by Bloomberg.
Millennium Management has combined the trading operations of Senior Portfolio Managers Nicolas Caron and Pierre Negre, creating a new internal brand, “Alpina,” as the $78bn multi-strategy hedge fund steps up efforts to retain top talent, according to a report by Bloomberg.
Hedge funds have significantly increased bullish wagers on oil, marking the largest surge since June, as signs of tight US inventories and ongoing geopolitical risks drove market sentiment, according to a report by Business Times citing data from ICE Futures Europe and the CFTC.
Commodities trading firm Castleton Commodities International has hired former Millennium Management Senior Oil Trader Roberto Rosales to head up a newly established oil trading team in Geneva, according to a report by Reuters citing unnamed people familiar with the move.
Irth Capital Management is raising capital for a new hedge fund designed to take a ‘constructivist’ approach to public and private equity investing, according to a report by Reuters citing unnamed sources familiar with the matter.
Hawai’i-based holding company Orthogonal Thinker has announced plans to launch a tokenised hedge fund, alongside the continued expansion of its artificial intelligence-powered LIF3 ecosystem and broader digital asset initiatives.
Activist shareholder Plantro Ltd is pushing for a significant board overhaul at Canadian database and property information provider Information Services Corp (ISC) having recently increased its stake in te business, according to a report by Bloomberg.
Activist hedge fund Starboard Value has disclosed an 8.5% stake in BILL Holdings and is preparing a boardroom battle to push for strategic and operational changes at the financial automation software company, according to a report by Reuters.
AQR Capital Management has lost a €4bn ($4.7bn) mandate with Dutch pension fund PFZW, after the €250bn asset owner cut ties with several external managers over concerns about their commitment to sustainability, according to a report by Bloomberg.
Hedge fund firms in London are offering some of the most lucrative pay packages for credit research analysts, according to report by eFinancial careers citing a recent study by recruitment consultancy Octavius Finance.
