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Two of the hedge fund industry’s biggest players – Point72 Asset Management and ExodusPoint Capital Management – have disclosed stakes in Alt5 Sigma, the crypto-payments company tied to the Trump family, according to a report by Bloomberg.
Credit-focused alternative investment firm Anchorage Capital Advisors, has closed its latest flagship vehicle, the Anchorage Credit Opportunities Fund IX, on $1.5bn, surpassing its initial $1.25bn hard cap, according to a report by Bloomberg.
Boaz Weinstein’s Saba Capital Management is strengthening its bench with two senior appointments as the $6bn credit-focused hedge fund prepares to expand into systematic trading strategies, according to a report by Reuters.
MGM Resorts International emerged as the most added consumer discretionary stock among hedge funds in the second quarter of the year, according to a report by Casino.org citing analysis by Morgan Stanley of the latest 13F filings.
Medtronic plc has announced key board appointments and governance initiatives designed to advance strategic priorities and enhance shareholder value, following “constructive engagement” with activist hedge fund firm Elliott Management.
UK hedge fund Marshall Wace slashed its position in Chinese EV maker Nio by nearly 75% in the second quarter, selling more than 4.3m shares and ending June with under 1.5m shares, according to the firm’s latest 13F filing.
Hedge funds loaded up on US equities at the fastest pace in nearly two months last week, positioning portfolios for an expected Federal Reserve rate cut in September, according to a report by Reuters citing a client note from Goldman Sachs.
Activist hedge fund ValueAct Holdings reshaped its portfolio in Q2, trimming exposure to some of its high-profile holdings inclined meta Platforms and Disney, while leaning into new positions, according to a report by Seeking alpha citing the firm’s latest 13F filing.
Hedge funds boosted exposure to US technology companies in the second quarter of the year, with Microsoft and Netflix among the biggest winners from the latest round of 13F filings, according to a report by Bloomberg.
Digital asset investment products saw $3.75bn inflows last week, the fourth-largest weekly total on record, driving AuM to an all-time high of $244bn, according to a the latest Digital Assets Fund Flows Weekly Report from CoinShares.
