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Prediction market platforms such as Kalshi are positioning themselves to move beyond retail wagering on sports and politics, with ambitions to attract hedge funds, brokerages and other institutional investors seeking new ways to hedge risk, according to a report by the New York Times.
JPMorgan has lost another senior macro trading executive in Asia, with managing director Youngmin Cho departing for hedge fund Schonfeld Strategic Advisors less than a year after joining the bank from Morgan Stanley, according to a report by eFinancial Careers.
Kevin Warsh used his first Federal Reserve meeting as chair to outline plans for a significant overhaul of the central bank’s policymaking framework, while offering little indication of his own preferred path for interest rates, according to a report by Bloomberg.
Man Group has warned that rapidly expanding debt issuance tied to artificial intelligence infrastructure could be creating conditions reminiscent of previous market bubbles, as companies race to finance AI-related growth, according to a report by Bloomberg.
Pershing Square’s investment vehicles are facing a challenging year, with both the firm’s flagship fund and recently launched US closed-end fund underperforming the broader equity market, according to a report by Barron’s.
Bond options traders are sending mixed signals on the Federal Reserve’s policy outlook as investors await the first major guidance from newly appointed Chair Kevin Warsh, according to a report by Bloomberg.
Multi-strategy hedge fund Verition has hired veteran quantitative finance executive Jérôme Brochard as a managing director in London, adding further senior talent to its expanding European platform, according to a report by eFinancial Careers.
DE Shaw & Co is preparing to close its Lithic strategy to new investors, continuing a broader trend among large hedge funds of limiting asset growth even as demand for hedge fund exposure remains strong, according to a report by Bloomberg.
A number of leading hedge funds including Rokos Capital Management and Melqart Asset Management, delivered solid gains in May, as geopolitical tensions in the Middle East continued to drive sharp swings across rates, FX and commodity markets, according to a report by Bloomberg.
Senior sovereign debt officials are increasingly recognising the growing role of hedge funds in government bond markets, with some arguing that their presence is enhancing liquidity and price discovery, even as concerns about systemic risk remain, according to a report by Bloomberg.
