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Coatue Management, the tech-focused hedge fund firm founded by Philippe Laffont, has set its sights on a $1bn capital raise for its flagship fund – the first in several years – as it looks to ramp up its investments in artificial intelligence, according to a report by Bloomberg.
As a tight US election race heads to its conclusion, some hedge funds are pivoting toward currency options that could profit from a weaker dollar in the event of a Kamala Harris presidency, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corp (DTCC).
Hedge funds concentrated on European equities faced their most significant monthly losses in over a year during October, primarily due to a broader market sell-off, according to a report by Reuters citing data from the Prime brokerage division at Goldman Sachs.
Hedge funds are increasingly turning to options on bank short volatility quantitative investment strategies (QIS) as a way to capture volatility premiums while capping potential losses, with BNP Paribas, Citi, and UBS all launching call options, according to a report by Risk.net.
The UK’s Financial Conduct Authority (FCA) has issued a warning to former hedge fund manager Crispin Odey, indicating it plans to take regulatory action over his attempts to obstruct a disciplinary investigation into sexual harassment claims, according to a report by the Independent.
MPP&E Capital, a newly established quantitative hedge fund based in London, is set to launch later this year with single managed account (SMA) allocations, followed by an institutional commingled fund launch in Q1 2025, according to a report by Alternatives Watch.
Xiao Zhang, co-founder of prominent Chinese quantitative hedge fund Pinestone Asset Management Co, has been indicted by a federal grand jury in Boston on charges related to the alleged theft of trade secrets, according to a report by Bloomberg.
Global hedge funds are heading into the US presidential election with significantly higher equity leverage in their portfolios than at the start of the year, signalling an increased appetite for risk, according to a report by Bloomberg.
Hedge funds and other speculative traders are positioning for a further rally in the dollar as demand for safe-haven assets intensifies ahead of the US presidential election, according to a report by Bloomberg citing data from The Commodity Futures Trading Commission (CFTC).
Verition Fund Management, the $10bn multi-strategy hedge fund firm founded by Nicholas Maounis and Josh Goldstein, has appointed Pierre Weinstein, a partner and portfolio manager at Saba Capital Management, as Head of Special Situations Investing, according to a report by Bloomberg.
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