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Caroline Ellison, the former CEO of hedge fund Alameda Research and a central figure in the $11bn FTX cryptocurrency exchange scandal, has begun her two-year prison sentence in a Connecticut federal facility.
Following Donald Trump’s US presidential election win, hedge funds have quickly pivoted toward financial stocks while reducing their exposure to companies in the renewable energy sector, according to a report by Reuters.
Hedge funds held their most bearish outlook on the yen since August ahead of last week’s US presidential election, a sign many investors anticipated a Donald Trump victory, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Jim Pallotta’s family office, Raptor Group, is investing in a new hedge fund, Trevally Capital, which aims to capitalise on distressed sectors within the US housing market by trading US residential mortgage-backed securities (RMBS), according to a report by Bloomberg.
Point72 Asset Management has named Michael Fisher as its new Chief Risk Officer, adding to a series of recent executive shifts as Steve Cohen steps back and Harry Schwefel takes the reins at the hedge fund, according to a report by eFinancial Careers.
New York-based multi-strategy hedge fund firm Cinctive Capital Management achieved a strong 4% gain in October, outpacing its peers and defying the market trend as the S&P 500 fell by 1%, according to a report by Finimize.
Hedge funds have boosted their bullish stance on West Texas Intermediate (WTI) crude to the highest level seen since March, driven by OPEC+’s decision to delay a planned output hike and heightened geopolitical tensions in the Middle East, according to a report by Bloomberg.
The San Francisco City & County Employees’ Retirement System (SFERS) has announced one additional hedge fund investment and a new VC allocation ahead of its upcoming board meeting on 13 November, according to a report by Pensions & Investments Online.
Hedge funds betting against Tesla have chalked up paper losses of more than $5bn since Donald Trump’s election victory, as shares in the EV maker surged following the endorsement of Trump by the firm’s CEO Elon Musk, according to a report by Bloomberg.
Macro trader Chris Rokos captured nearly $1bn in profits during Wednesday’s market rally following Donald Trump’s re-election, marking one of his most lucrative days since founding Rokos Capital Management in 2015, according to a report by Bloomberg.
