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Parvus Asset Management, a London-based hedge fund known for its activist investment activity, has increased its stake in French luxury group Kering to around 5%, according to a report by Reuters citing filing by France’s AMF regulator on Friday.
Hedge funds active in the insurance-linked securities (ILS) space are increasingly adopting parametric insurance, a fast-growing niche that offers quicker payouts and fewer liquidity constraints than traditional catastrophe bonds, according to a report by Bloomberg.
Hedge funds increased short positions on Brent crude last week as oil posted its steepest weekly drop in over two years, with Middle East tensions easing and OPEC+ poised to boost output again, according to a report by Bloomberg.
TOP STORY: Hedge funds including Millennium Management, Point72 and Third Point, are ramping up their push into private credit, eager to capitalise on a booming market and diversify their businesses beyond liquid trading strategies, according to a report by the Financial Times.
Denmark’s tax agency has recovered €232m from funds seized in Germany linked to Sanjay Shah, the founder of hedge fund Solo Capital and the central figure in the Cum-Ex dividend tax fraud, according to a report by Bloomberg.
TrussEdge has launched a new partnership accounting feature, expanding its Safari platform to offer fully integrated investor-level tax and reporting capabilities tailored for hedge funds operating onshore partnership structures.
Jane Street Group is preparing to open a local office in Abu Dhabi’s financial centre, ADGM, marking a major step in the UAE capital’s efforts to position itself as a global hedge fund and market-making hub, according to a report by Bloomberg.
Quant hedge fund Engineers Gate has topped $4bn in assets under management and grown its portfolio manager count to over 75, capping off a multi-year rebound marked by strong double-digit returns, according to a report by Business Insider.
Accelex, a provider of AI automation for private markets data acquisition, reporting and analytics, has partnered with Quantyx, a provider of outsourced risk management, asset valuation and data management solutions for hedge funds and private equity funds.
The Dubai Financial Services Authority has searched the offices of hedge fund startup Magellan Capital following allegations from a former trader that a senior executive concealed investment losses and discouraged internal risk reporting, according to a report by Bloomberg.
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