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Hedge funds, asset managers, and other speculators moved into bullish dollar positions in the week ending 22 October, holding around $9.2bn in long dollar bets, according to data from the Commodity Futures Trading Commission compiled by Bloomberg.
Balyasny Asset Management, the $20bn-plus multi-strategy hedge fund firm founded by Dimitry Balayasny, has strengthened its natural gas and power trading business in Denmark with the appointment of Federico Censi as a Gas Trader, according to a report by Financial News London.
Multi-strategy hedge fund major Millennium Management is exploring the launch of its first new fund since the company launched over three decades ago, to focus on investments in less liquid assets including private credit, according to a report by the Financial Times.
Hedge funds turned bearish on the yen in the week leading up to Japan’s snap general election, as the ruling Liberal Democratic Party failed to secure a majority, potentially amplifying currency risks, according to a report by Bloomberg.
Martin Midstream Partners has said it is standing by its planned acquisition by its largest shareholder, Martin Resource Management Corp (MRMC), despite opposition from hedge funds Nut Tree Capital Management and Caspian Capital.
Fidelity Prime Services has formed a strategic partnership with independent fund administrator Stone Coast Fund Services, to provide an all-inclusive hedge fund solution, combining prime brokerage, fund administration, and advanced fintech services.
Southwest Airlines has reached an agreement with Elliott Investment Management, avoiding a potentially disruptive proxy battle with the activist hedge fund, one of its largest shareholders, according to a report by the New York Times.
Several hedge funds, including Millennium Management and Athos Capital, have faced substantial losses following the unexpected collapse of a high-profile acquisition deal between two Chinese pharmaceutical companies, according to a report by Bloomberg.
Bankrupt hedge fund Weiss Multi-Strategy Advisers LLC and its top creditor, Jefferies Financial Group, are in discussions to potentially settle their ongoing litigation, which stems from the collapse of George Weiss’s eponymous hedge fund, according to a report by Bloomberg.
Hedge fund capital rose to a fourth consecutive quarterly record as the combination of election and geopolitical risks, which have dominated financial market performance throughout 2024, accelerated into Q4, according to data from HFR.
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