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After a recent press conference by China’s National Development and Reform Commission yielded little in the way of new economic measures, Goldman Sachs recorded the largest single-day net selling of Chinese securities, according to a report by MarketWatch.
Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Global hedge fund major Winton suffered significant losses in its China-focused strategy after an unexpected stimulus package from Beijing last month led to a sharp rally in local stock and commodity markets, according to a report by Reuters.
Three former Portfolio Managers in Brevan Howard’s systematic macro team, who left the $35bn Jersey-headquartered global macro hedge fund firm earlier this year, have now all found new homes, according to a report by eFinancial careers.
The Boston Retirement System is looking for hedge fund-of-funds managers to oversee a combined mandate of approximately $350m, according to a report by Pensions & Investments citing a recent request for proposal (RFP).
Pension funds are poised to significantly increase their hedge fund investments as they anticipate strong growth and attractive risk-adjusted returns, although, concerns over transparency could lead some to shy away from certain strategies, according to a report by Funds Europe.
Alphadyne Asset Management has joined the growing list of hedge funds aggressively recruiting senior talent from big banks’ commodity trading desks with the appointment of Thomas Byuen, JPMorgan’s Global Head of Commodity-Index Trading, as a portfolio manager.
Offshore law firm Ogier has appointed Dennis Li as a partner in its Hong Kong office, bringing in expertise in investment funds – including hedge and private equity funds – and digital assets. Li joins Ogier from Travers Thorp Alberga, where he served as counsel.
Event-Driven hedge funds led strong, industry-wide gains in September as the US Federal Reserve lowered interest rates and managers positioned for increasing M&A despite continued escalation of military conflicts in the Middle East and Eastern Europe, according to HFR.
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
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