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A fast-growing segment of hedge fund investing focused on reducing investor tax bills has expanded sharply in recent years, with strategies aimed at generating so-called “tax alpha” attracting tens of billions in new assets, according to a report by the Financial Times.
Hedge fund majors Two Sigma Investments and DE Shaw have joined a a growing Wall Street effort opposing a US Securities and Exchange Commission (SEC) proposal that could make quarterly corporate earnings reporting optional, according to a report by Reuters.
A growing reliance on a small group of global banks to provide financing to hedge funds and proprietary trading firms is raising fresh questions about financial stability, according to a a report by Bloomberg citing new analysis from S&P Global.
Hedge funds originally built to trade cryptocurrencies are increasingly applying their strategies to traditional asset classes such as crude oil, copper and equity indices, as always-on trading platforms broaden beyond digital tokens, according to a report by Bloomberg.
The Commodity Futures Trading Commission (CFTC) is leading an examination of a series of sharply timed trading patterns in oil futures markets that appeared shortly before recent policy shifts by President Donald Trump linked to the conflict involving Iran, according to a report by Bloomberg citing unnamed people familiar with the matter.
Macro hedge funds operating in China, including Bridgewater Associates, posted significant losses in March as heightened geopolitical tensions and sharp swings across asset classes undermined performance, with some of the country’s most prominent strategies experiencing double-digit drawdowns, according to a report by Bloomberg.
Renowned short seller Carson Block, founder of Muddy Waters Capital, believes that artificial intelligence could trigger a period of market and economic disruption that may ultimately exceed the fallout from the 2008–09 global financial crisis, according to a report by the Financial Times.
Law firm Choate has appointed Jonathan Danziger as a partner in the firm’s Fund Formation and Investment Management practice. Danzinger is a strategic adviser to some of the largest and most established hedge funds as well as emerging managers.