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The Schroder UK Mid Cap Fund has announced a series of investor-friendly reforms after fending off an attempt by Boaz Weinstein’s Saba Capital to overhaul its structure, according to a report by This is Money.
Hedge funds offloaded technology stocks at the fastest pace in six months last week, with selling activity reaching a five-year high, according to a report by Reuters citing data from the prime brokerage division at Goldman Sachs.
Pimco, AllianceBernstein, and TCW Group have seized a buying opportunity in corporate bonds, stepping in after recent volatility forced multi-strategy hedge funds to unwind their positions in high-yield debt, according to a report by Bloomberg.
HSBC Asset Management (HSBC AM) has launched the the HSBC GH Luxembourg Fund, a new hedge fund of funds strategy designed for European investors looking to “tap into opportunities created by uncertain global markets”, according to a press statement.
South Korean regulator the Financial Services Commission (FSC) is set to lift its 17-month ban on short selling, a move that market participants believe will enhance liquidity, attract global hedge funds, and bolster the country’s case for an MSCI upgrade to developed market status, according to a report by Bloomberg.
Orkun Kilic, a former Paulson Europe LLP partner, is reviving his hedge fund Berry Street Capital Management, having secured some $200m in commitments from investors, including Qube Research & Technologies, according to a report by Bloomberg.
Hong Kong’s derivatives market is experiencing an unprecedented surge, driven by heightened stock market swings and increased hedge fund activity, according to a report by Reuters citing trading data from the Hong Kong Stock Exchange.
Hedge funds are increasingly betting against major tech stocks, with Nvidia, Tesla, and Advanced Micro Devices emerging as their top short targets, according to a report by Reuters citing a Morgan Stanley note released on Thursday.
The Fixed Income Clearing Corporation (FICC), a subsidiary of the Depository Trust & Clearing Corporation (DTCC), has launched enhanced US Treasury clearing capabilities, introducing new access models and customer margin segregation.
HSBC’s London-based head of CEEMEA rates trading, Andrew Dinnis, has resigned and is expected to join an unnamed hedge fund once his notice period ends, marking another senior departure from the bank, according to a report by eFinancial Careers.
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