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Hedge funds are doubling down on bets that the Japanese yen will strengthen against major currencies in the coming months, undeterred by last week’s volatility that tested their bullish positions, according to a report by Bloomberg citing data from the Chicago Mercantile Exchange Group.
Hedge funds started the year strong, achieving a weighted average return of 4% in January – ahead of the previous three years, according to the latest Monthly Hedge Fund Update from Citco, the asset servicer with over $2tn in AUA.
Technology stocks, including Apple, Super Micro Computer, MicroStrategy, and Synopsys, emerged as prime targets for short-sellers in January 2025, according to the latest Shortside Crowdedness Report from Hazeltree.
Bill Ackman, the founder of hedge fund Pershing Square, has clarified that his plans to transform Howard Hughes Holdings into a diversified holding company will not interfere with how his existing portfolios manage their stakes in other companies, according to a report by Reuters.
London-based regulated digital assets hedge fund manager Nickel Digital Asset Management has implemented a soft close on its systematic Diversified Alpha Fund following a 150% surge in assets under management over the past year.
Maples and Calder has promoted two lawyers to Of Counsel in the firm’s Asia Dispute Resolution & Insolvency and Funds & Investment Management practices in Hong Kong – Jean Bao (Dispute Resolution & Insolvency) and Aidan O’Regan (Funds & Investment Management).
The UK’s Financial Conduct Authority has closed its investigation into the infamous “cum-ex” dividend tax fraud, issuing its final fine stemming from the case to trading firm Mako Financial Markets, according to a report by Reuters.
Devexperts has launched DXtrade Institutional, a fully customisable single-dealer multi-asset platform offering, designed for banks, hedge funds, asset managers, and market makers looking to upgrade their frontend legacy systems.
Izzy Englander, the 77-year-old Chief Executive Officer of Millennium Management, emerged as the highest-earning hedge fund founder in 2024, making some $4bn for the year, according to Bloomberg’s annual rankings of the world’s top hedge fund earners.
Global hedge funds are making calculated bets on Chinese stocks, seeking profits amid shifting US-China trade relations and positioning themselves for wins whether or not Beijing strikes a deal with Donald Trump, according to a report by Reuters.
