Latest News
Hedge funds Balyasny Asset Management and Citadel have poached equity portfolio managers from each other, intensifying the battle for top trading talent as bonus season concludes and professionals seek new opportunities, according to a report by Reuters.
Hedge funds have ramped up bearish bets on US stocks at the fastest pace since 2020, reinforcing expectations of further market declines, according to a report by Reuters citing a client note from the prime brokerage division at Goldman Sachs.
UK regulator the Financial Conduct Authority has fined the London Metal Exchange £9.2m ($11.9) over its mishandling of the 2022 nickel crisis, marking the first-ever enforcement action against a UK exchange.
Jefferies Strategic Investments and Leucadia Asset Management Holdings have won a major legal victory against George Weiss, after a federal judge ruled that the hedge fund founder is personally liable for millions in unpaid debts tied to the collapse of Weiss Multi-Strategy Advisers, according to a report by Investment News.
STP Investment Services (STP), a global provider of technology-enabled investment operations, has launched STP LaunchAdvisor, a bundled fund administration and compliance solution tailored to the needs of emerging managers.
The technology sector has maintained its position as the most shorted sector for the third consecutive month, with Apple, IBM, Super Micro, SoFi Technologies, and Texas Instruments leading the pack, according to data from Hazeltree.
Hedge funds, including Brevan Howard, Capula and Millennium, have upped their leveraged bets on UK government bonds, amplifying concerns over potential instability in the gilts market, a key benchmark for UK borrowing costs, according to a report by Reuters.
Citadel’s flagship Wellington hedge fund has trimmed its losses following a turbulent start to March, recovering from a 2% drawdown to less than 1% down year-to-date, driven largely by a recovery in US equities, according to a report by Reuters.
Retail traders across Europe are engaging in a coordinated challenge to hedge funds – including Marshall Wace and Millennium – holding short positions in a handful of European stocks in a tussle reminiscent of the 2021 GameStop saga in the US, according to a report by the Financial Times.
The sharpest plunge in the Turkish lira in four years has soured one of the most lucrative carry trades in emerging markets – forcing multi-strategy hedge funds to unwind positions, according to a report by Bloomberg.
