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Pierre Andurand’s flagship hedge fund – the Andurand Commodities Discretionary Enhanced Fund – staged a dramatic comeback in November, delivering a 23% return that reversed losses accumulated earlier in the year, according to a report by Bloomberg.
Singapore-based hedge fund manager Dymon Asia Capital has expanded its operations to the Middle East for the first time, joining the growing list of hedge funds in Dubai by opening a new office in the emirate, according to a report by Reuters.
Some of the world’s largest hedge funds including Balyasny Asset Management and DE Shaw, are recruiting doctors, scientists, and healthcare analysts to gain specialised insights into pharmaceutical stocks amid heightened volatility in the sector, according to a report by Reuters.
Quantitative hedge funds including Qube Research, Squarepoint Capital, and Engineers Gate, which are traditionally dominated by computer-driven strategies, are increasingly incorporating human traders into their operations, according to a report by Business Insider.
Ramesh Karthigesu, a former Marshall Wace executive and founder of Kaizen Capital Partners, is shutting down his Asia-focused hedge fund to join multi-strategy major Millennium Management, according to a report by Bloomberg.
Digital asset investment products saw inflows totalling $270m last week, taking total inflows so far this year to a new record of $37.3bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Hedge funds are increasingly targeting the euro for short trades against the yen, driven by speculation that the Bank of Japan (BOJ) will raise interest rates and political uncertainty in Europe, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation (DTCC).
Olek Gajowniczek has become the latest departure from Nomura’s rates team, leaving the Japanese bank after nearly a decade to join multi-strategy hedge fund Balyasny Asset Management as a Rates Portfolio Manager based in London, according to a report by eFinancial Careers.
Millennium Management, one of the world’s largest multi-strategy hedge fund firms, is investing nearly $3.3bn in two newly formed trading teams as part of its aggressive push to expand its portfolio of internal and external talent, according to a report by Bloomberg.
Paloma Partners, the hedge fund founded by Donald Sussman, is opting to repay investors seeking to withdraw funds with a mix of cash and IOUs following a wave of redemption requests, according to a Wall Street Journal report.
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