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As the US stock market reeled from a massive tech sell-off on Monday, one hedge fund strategy emerged as a clear winner – dispersion trades – a popular options bet that thrives on low correlation between individual stocks and the broader market, according to a report by Bloomberg.
Scarlet Macaw Capital, the new London-headquartered equity hedge fund being prepped for launch by former Millennium Portfolio Manager Robert Bonte-Friedheim has named Praveen Kanakamedala to the position of Partner and COO.
Polar Asset Management Partners, one of Canada’s largest hedge funds, has appointed Jason Cope, Toronto-Dominion Bank’s Head of Global Fixed Income, to lead its fixed income division as the firm pursues expansion plans, according to a report by Bloomberg.
UK investment platform Hargreaves Lansdown has revealed a surge in shareholder voting activity as retail investors rally to make their voices heard in response to Saba Capital’s proposed changes to seven Investment Trusts.
Laura Sterner, the Global Head of Capital Development and Investor Relations at Steve Cohen’s hedge fund, Point72 Asset Management, is leaving the firm after nearly a decade of service, according to a report by Business Insider.
Currency traders across Asia are facing a challenging environment as rising tariff risks, technological breakthroughs, and impending holidays create a climate of uncertainty, leaving hedge funds unsure of how to position their bets, according to a report by Bloomberg.
Hedge funds Brookdale Investment Partners and Eisler Capital have taken a stand against Boaz Weinstein’s Saba Capital in a high-profile fight over control of seven UK investment trusts, according to reports.
Teleios Capital Partners, a Swiss hedge fund, has seen its holding in Glenveagh Properties increase to over 23% this week amid an ongoing share buyback programme at the homebuilder, according to a report by the Irish Times.
Eisler Capital, the $4bn hedge fund founded by former Goldman Sachs partner Edward Eisler, has once again implemented a policy requiring traders to repay their cash bonuses in full if they leave the firm within the next year, according to a report by Bloomberg.