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US hedge funds, including Appaloosa Management and Scion Asset Management, have significantly increased their stakes in US-listed Chinese companies, with e-commerce leader JD.com and data centre operator GDS Holdings among the most sought-after investments, according to a report by Reuters.
Blue Riband Group, a global long-short equity investment manager, has selected TS One’s Risk Module and Portfolio Risk Management from TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions.
While stock markets have surged this year in an historic rally, Man Group’s AHL Trend Alternative Fund, a prominent trend-following strategy at the world’s largest publicly listed hedge fund, is seeing some of the worst returns in it’s history, according to a report by MarketWatch.
Heidrick & Struggles, a provider of executive search and talent services, has appointed Daniel Aghdami as a Partner. Based in Zurich, he will manage the company’s practice for European financial clients, including hedge fund and family offices.
Hedge funds are increasingly investing in nuclear power producers, aiming to capitalise on the anticipated electricity surge driven by artificial intelligence (AI), according to a report by Morningstar citing Goldman Sachs analysis of 697 funds managing over $3tn in assets.
Sung Kook “Bill” Hwang, the former billionaire investor behind Archegos Capital Management, was handed an 18 year prison sentence on Wednesday for orchestrating one of the largest financial frauds in US history, according to a report by Reuters.
US hedge funds have shifted their strategies, becoming net sellers of equities linked to the so-called “Trump trade,” according to a report by Reuters citing recent data released by the prime brokerage division at Morgan Stanley (MS).
Hedge fund performance dipped marginally (-0.4%) in October ending a run of positive returns that stretched back to May, with a number of strategy types experiencing declines, according to the latest Monthly Hedge Fund Update from Citco.
Multi-strategy hedge fund Verition has bolstered its team by appointing Mark Almond as its new head of support. Almond joined Verition this week after a four-year stint at Schonfeld, another prominent hedge fund, according to a report by eFinancial Careers.
Marshall Wace, the $69bn London-based hedge fund firm founded by Paul Marshall and Ian Wace, has selected Bloomberg’s IBVAL Front Office to provide intraday pricing info to support idea generation and pre-trade analysis for the firm’s multi-asset strategy.
