Latest News
Bill Ackman is stepping down from the board of Universal Music Group (UMG), signalling a strategic shift at Pershing Square Holdings, which has reduced its once-dominant stake in the global music label behind artists including Taylor Swift and Lady Gaga, according to a report by the Wall Street Journal.
Hedge funds bought US equities for only the third time this year last week, marking a cautious shift in positioning amid sustained bullishness from retail investors, according to a report by Investing.com citing data from Bank of America Securities.
Jens Nordvig, CEO of Exante Data, believes that the dollar’s recent rebound following the easing of US-China trade tensions is short-lived, and is predicting the start of a multiyear bear market for the greenback, according to a report by Bloomberg.
Toronto-based multi-strategy hedge fund manager Polar Asset Management Partners has acquired Castlefield Associates, a relative-value, systematic futures-focused hedge fund, in a move that bolsters its quantitative investment footprint, according to a report by Pension & Investments.
GFO-X, a UK FCA-regulated, London-based trading venue for digital asset derivatives, has officially launched, executing its first institutional trade between market makers Virtu Financial and IMC.
Hedge funds saw modest gains in April, with the SS&C GlobeOp Hedge Fund Performance Index showing a 0.46% return for the month. The SS&C GlobeOp Capital Movement Index, a gauge of hedge fund flows, saw a notable increase of 0.86% in May
Avantyr Capital Partners, the hedge fund launched by former Viking Global Investors Chief Investment Officer Ning Jin, is expected to surpass $1bn in assets at launch, making it one of the largest hedge fund debuts of the year, according to a report by Bloomberg.
A group of hedge funds, including AQR Capital Management, DRW Commodities LLC, and Pala Investments Ltd, have withdrawn their compensation claims against the London Metal Exchange over its handling of the 2022 nickel crisis, according to a report by Bloomberg.
Global macro and digital assets hedge fund Brevan Howard has appointed former JPMorgan senior banker Carlos Hernandez as its first-ever Executive Chair, in a strategic move aimed at bolstering corporate strategy and client development, according to a report by Business Insider.
Global hedge funds experienced only modest gains from the significant rally in US stocks triggered by a US-China trade agreement on tariffs, according to a report by Reuters citing a client note from Morgan Stanley on Tuesday.
Special Reports
FeatureD
- Insight
