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Millennium Management, the multi-strategy hedge fund major led by Izzy Englander, recorded a 2.5% gain in December, bringing its total returns for 2024 to 15%, but short of the S&P 500’s 23% gain for the year, according to a report by the Financial Times.
Hedge fund manager Crispin Odey is seeking at least £79m in damages from the Financial Times, filing a libel lawsuit against the publication, according to a report by the Guardian citing court documents.
Citadel founder Ken Griffin was only half correct last month when he claimed the multistrategy hedge fund boom had “come and gone,” according to a report by Bloomberg.
Hedge funds are helping to drive MicroStrategy’s bitcoin acquisition strategy, with the company having announced another multimillion dollar purchase of the cryptocurrency, marking its eighth consecutive week of acquisitions, according to a report by Bloomberg.
The board of Edinburgh Worldwide Investment Trust, managed by Baillie Gifford and offering shareholders an opportunity to invest in Elon Musk’s SpaceX, has increased its resistance to a takeover attempt by Saba Capital Management, according to a report by The Times.
South Africa’s rand could be set for a rebound after hedge funds triggered a dramatic sell-off of long rand-dollar futures, in one of the steepest positioning reversals in recent history, according to a report by BNN Bloomberg.
Hedge funds have significantly increased their stakes in US bank stocks, signalling strong confidence in the sector’s continued rally, boosting their exposure to financial firms by 50% to a combined $340bn, according to a report by Bloomberg citing 13F filings.
Hedge funds were net sellers this week, reducing their exposure primarily in Industrials, Technology, and Energy sectors, while increasing their positions in Health Care and Consumer Discretionary, according to Investing.com, citing a report by Citi.
Hedge funds have turned bullish on the dollar-yen, with many rushing into positions that expect the currency pair to rise by as much as 5% in the coming months, according to a report by Bloomberg UK.
Hedge funds and money managers have flocked to Argentine markets in 2024, betting on President Javier Milei to breathe new life into the country’s ailing economy, according to a report by Wall Street journal.
