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Cheyne Capital’s hedge fund focused on Europe, the Middle East, and Africa is significantly increasing its exposure to the United Arab Emirates, citing the country’s stability as a buffer against potential fallout from US President Donald Trump’s policies, according to a report by Bloomberg.
UK-based hedge fund Altana Wealth misused a competitor’s confidential information and trade secrets to establish its Venezuelan debt-focused fund, the Altana Credit Opportunities Fund, London’s High Court ruled on Thursday, as reported by Reuters.
Institutional investors have been turning increasingly to hedge funds as private equity dealmaking remains subdued, choosing to reallocate capital rather than re-upping their PE investments after deals close, according to a report by Reuters citing a survey by BNP Paribas.
Robert Citrone, founder of Discovery Capital Management and a member of the famed “Tiger Cub” group of hedge fund managers, is bracing for a stock market correction by significantly cutting his firm’s equity exposure, according to a report by Institutional Investor.
Ray Dalio, founder of hedge fund major Bridgewater Associates, has issued a stark warning about the state of US government debt, calling for urgent action to reduce the budget deficit to avoid catastrophic economic consequences, according to a report by CNBC.
Hazeltree, a provider of cloud-based treasury and liquidity management solutions for hedge funds and other asset alternative asset managers and their service providers, has appointed Lokesh Seth as its new Chief Executive Officer.
Institutional allocators are increasingly optimistic about the future of hedge funds, with senior investment professionals at Kepler Partners’ inaugural CIO Perspectives event all painting a positive picture of the hedge fund landscape
Elliott Investment Management has expanded its stake in US refiner Phillips 66 to more than $2.5bn, renewing its call for significant operational changes, including the sale or spin-off of the company’s midstream business, according to a report by Reuters.
Recent price fall led to significant buying of digital assets investment products last week with the fifth week of inflows totalling $1.3bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
London-based hedge fund Qube Research & Technologies (QRT) is building a high-tech data centre in Akureyri, Iceland, to boost its ability to analyse huge amounts of data as it bids to identify market discrepancies and profit from them, according to a report by Reuters.
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