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As debates swirl around the fiscal implications of the Trump administration’s proposed tax cuts and their potential to exacerbate the US budget deficit, Bridgewater Associates, the world’s largest hedge fund, sees little cause for alarm, according to a report by MorningStar.
Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers.
Asian hedge funds, including Hong Kong-based Monolith Management, are increasing their bets on Chinese tech giants including Xiaomi and Baidu, drawn by AI advancements despite the looming threat of stricter US export controls on advanced chips, according to a Reuters report.
Citadel has hired a second London-based Portfolio Manager from rival Elliott Investment Management, signalling its potential shift towards adopting activist strategies, according to a report by the Financial Times.
The University of Connecticut’s (UConn) endowment is moving away from hedge funds in favour of a more cost-efficient strategy involving buffer ETFs to manage risk in its $634m portfolio, according to a recent report by BNN Bloomberg.
Activist Jana Partners has called for “significant” leadership changes at Lamb Weston Holdings, suggesting the company explore alternatives, including a potential sale, if its demands aren’t met, according to a report by Bloomberg.
Natural gas trading specialist Ron Ozer has made a strong comeback after a tough start to the year, with his Miami-based hedge fund, Statar Capital, up 23% through mid-December, reversing losses of 13% in the second quarter, according to a report by Bloomberg.
Having historically positioned themselves against local markets, Brazilian hedge funds saw significant gains in November as fiscal concerns drove market turmoil, reports BNN Bloomberg, marking only their third month of outperformance in 2024.
A US judge overseeing the auction of shares in Citgo Petroleum’s parent company has dealt a blow to activist hedge fund Elliott Investment Management, ordering a reopening of the bidding process allowing other bidders access to company data, according to a report by Reuters.
Five-year-old London-based activist investor Bluebell Capital Partners is shutting down after struggling to grow its investor base and is now returning capital to its external investors, according to the Financial Times, citing co-founder Marco Taricco.
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