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Action is needed to address the systemic barriers that crypto-focused hedge fund managers face in accessing crucial banking services, according to the Alternative Investment Management Association (AIMA), a global organisation representing the alternative investment industry.
Chris Hohn, founder of TCI Fund Management, saw a significant pay cut of £233m this year despite his hedge fund donating around £340m to charitable causes, according to a report by MSN.
Hedge fund redemptions remain low but could increase next year, as shown by SS&C GlobeOp’s Forward Redemption Indicator for December which reached 3.54%, up from 2.91% in November.
Sydney-based Tribeca Investment Partners and Florida’s Segra Capital Management are among several hedge fund managers raising concerns about the overvaluation of nuclear power stocks and reducing their exposure following an exceptional rally this year, according to a report by Bloomberg UK.
Hedge funds have sharply increased their bullish positions on US crude oil, driven by the potential for sanctions on Iranian and Russian oil, as well as the likelihood of additional economic stimulus from China, according to a report by BNN Bloomberg.
Pershing Square Holdings, a £11.9bn investment trust managed by Bill Ackman, has doubled its share buyback programme to $200m (£159m) as it seeks to address a persistent 34% discount on its shares, according to a report by Citywire.Â
Hillhouse Investment Management and CPE, the Chinese firm formerly known as Citic Private Equity, have reportedly held early talks about setting up offices in Abu Dhabi, according to a report by Bloomberg citing sources familiar with the matter.
South Korean hedge fund Must Asset Management, which has delivered an impressive 50% return this year – far outpacing the nation’s sluggish stock market – is spotlighting governance issues at mining conglomerate Young Poong over its handling of shareholder returns, according to a Bloomberg report.
Silver Point Capital is preparing to challenge a lawsuit filed by the US Securities and Exchange Commission (SEC), which accuses the hedge fund of failing to implement proper policies to prevent a consultant from sharing confidential information about Puerto Rico bonds, according to a report by BNN Bloomberg.
Billionaire investor Daniel Loeb’s hedge fund, Third Point, plans to acquire fund manager AS Birch Grove in a strategic move to enhance its credit investment capabilities, according to a report by Reuters.
