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Numerai, the San Francisco-based quantitative hedge fund backed by Paul Tudor Jones, has secured up to $500m from JPMorgan Asset Management – a commitment that will more than double the firm’s assets under management to nearly $1bn over the next year, according to a report by Bloomberg.
Global hedge funds are increasing exposure to Chinese equities, with August set to record the strongest monthly inflows since February, according to a report by Reuters citing a recent note from Morgan Stanley’s prime brokerage desk.
Hedge funds are betting heavily that calm will persist in US equities, with short positions in Cboe Volatility Index (VIX) futures climbing to levels not seen in nearly three years, according to a report by Bloomberg.
A US appeals court has ordered the Securities and Exchange Commission to conduct a fresh cost-benefit analysis of its short-selling disclosure rules, handing hedge fund groups a partial win in their legal challenge against the regulator, according to a report by Reuters.
Turkey is preparing to let its five-month ban on short-selling stocks expire on 29 August, a move expected to boost trading activity and improve the market’s appeal to global hedge funds and institutional investors, according to a report by Reuters citing unnamed people familiar with the matter.
Fears over possible US Federal Reserve action prompted the largest digital investment product weekly outflows of $1.43bn last week, the largest weekly total since March, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
A hot arbitrage trade has propelled Chow Tai Fook Jewellery Group Ltd into the ranks of Hong Kong’s most heavily shorted stocks, with hedge funds piling in after the jeweller’s first major fundraising since its 2011 IPO, according to a report by Bloomberg.
Sona Asset Management is preparing to appoint Cheyne Capital’s David Hill as its new Chief Financial Officer, replacing departing CFO Iain Colquhoun, according to a report by Reuters citing an unnamed source familiar with the matter.
Brevan Howard Asset Management has agreed to sell a minority stake to Abu Dhabi-based Lunate, alongside a $2bn capital commitment to a new investment platform in the emirate’s ADGM free-zone, according to a report by Bloomberg.
Fivespan Partners, the activist investment firm launched last year by Dylan Haggart and Sarah Coyne, has disclosed a new stake in The New York Times Company and is urging the publisher to embrace artificial intelligence as a catalyst for growth, according to a report by Bloomberg.
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