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Crispin Odey, the former hedge fund manager and founder of Odey Asset Management, has indicated he may pursue settlements with five women bringing civil claims against him over alleged sexual misconduct, ahead of a scheduled High Court trial in London, according to a report by the Financial Times.
TOP STORY: Hedge funds delivered strong performance in April by rapidly repositioning portfolios around geopolitical developments, with nimble trading strategies and fast allocation shifts proving key to capturing gains across volatile markets, according to a report by Reuters.
Hedge funds recorded their strongest monthly performance in more than four years in April, as a powerful rebound in technology stocks drove broad-based gains across strategies and lifted industry returns to levels last seen during the post-pandemic recovery period in 2020, according to a report by the Financial Times.
Workspace Group, the London-listed provider of flexible office space, is considering the possible disposal of its most valuable property as it seeks to strengthen its balance sheet while facing ongoing pressure from activist investor Saba Capital, according to a report by Bloomberg.
Asia’s dollar debt markets have seen a sharp pickup in issuance activity, as corporate and sovereign borrowers move quickly to lock in financing at historically tight spreads, supported by improving sentiment around geopolitical risks in the Middle East, according to a report by Bloomberg.
Brazilian hedge fund SPX Capital is undergoing a significant organisational reshuffle, with senior portfolio managers, including partner Marcelo Castro, departing and the firm set to close its London office as part of a broader strategic overhaul, according to a report by Bloomberg.
The decentralised finance (DeFi) sector is facing renewed pressure after a series of high-profile cyber attacks triggered a sharp pullback in investor capital and raised fresh questions over the resilience of blockchain-based financial systems, according to a report by the Financial Times.
Digital asset investment products saw $117.8m of inflows last week, the fifth consecutive positive week, although the weekly total masks four days of outflows reversed by a single strong session on Friday, according to data from CoinShares.
Bond markets are increasingly pricing in the possibility that the Federal Reserve’s next move could be a rate hike rather than a cut, as investors reassess the policy outlook ahead of Kevin Warsh’s expected tenure as Fed chair, according to a report by Bloomberg.
The UK Financial Conduct Authority (FCA) has defended its decision to fine and ban hedge fund manager Crispin Odey from the financial sector, telling a London tribunal that he had demonstrated a pattern of “threats, distortion of facts and falsification” in his dealings, according to a report by the Financial Times.
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