Latest News
ExodusPoint Capital Management saw a $1bn decline in AUM during H1 2024 to $11.04bn as of 30 June, down from $12.02bn at the end of 2023, according to a report from Reuters. At its peak in December 2022, the firm managed $13.1bn.
Data from research firm PivotalPath has highlighted that hedge funds outpaced the S&P500 in July, with strong returns driven by financial sector exposure as funds sought to diversify away from megacap technology stocks, according to a report by XM.
Rokos Capital Management, the London-headquartered global macro hedge fund firm founded by Chris Rokos, has appointed Matthew Sebag-Montefiore, who has been with the firm since 2018, as its new Chief Executive Officer, according to a report by Bloomberg.
Viking Global Investors, the hedge fund firm led by Andreas Halvorsen, has chalked up big gains from a decision earlier in the year to shift all of its General Electric Co exposure to the firm’s newly independent clean energy division GE Vernova, according to a report by Bloomberg.
Equity derivatives trader Drew March, who previously spent 10 years at Credit Suisse, is returning to the sell-side with BNP Paribas in New York after stints with hedge funds Squarepoint Capital and Walleye, according to a report by eFinancial Careers.
Ahead of the Hedgeweek US Leadership Summit in New York on 12 September, Gwen Stone (pictured), Operational Due Diligence, Director at K2 Advisors (Franklin Templeton), talks to us about seeing manager relationships as partnerships, the importance of an internal resource and why new managers should focus on scalability.
Citadel has added two former Segantii Capital Management employees – Andrew Pidgeon and Peter Christie – following the closure of the hedge fund firm amid allegations of insider trading against founder Simon Adler and other employees, according to a report by eFinancial Careers.
Hedge funds have flipped their stance on Japan’s currency, turning bullish on the yen for the first time since 2021 following significant turbulence in foreign-exchange markets that disrupted a popular yen carry trade, according to a report by Bloomberg.
Bridgewater Associates, the world’s largest hedge fund, has continued its significant reduction in exposure to Chinese stocks, selling off US-listed Chinese holdings for the seventh quarter running in Q2 2024, according to a report by the South China Morning Post.
A yen-focused carry trade that contributed to recent market turmoil as investors moved to unwind positions following a number of hawkish moves by the Bank of Japan and concerns over the US economy, is attracting renewed interest from hedge funds, according to a report by Bloomberg.
