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Obra Capital, an alternative asset management firm focused on investments in insurance special situations, structured credit, asset-based finance and longevity, has appointed Vlad Sorokulov as Managing Director, Portfolio Management and Pricing.
Dharmesh Maniyar, who previously traded for both Paul Tudor Jones and Alan Howard before launching his own firm in 2020, is shutting down his eponymous global macro hedge fund following a wave of investor redemption requests, according to a report by Bloomberg.
Having suffered a record 3.7% loss on Monday amid market turmoil prompted by disappointing US jobs data and last week’s Bank of Japan rate hike, Japan-focused hedge funds bounced back with their best ever single-day returns, according to a report by Bloomberg.
International law firm Perkins Coie has added private funds partner Kerry Potter McCormick, who advises private equity funds, hedge funds, real estate funds, credit funds and funds-of-funds, to the firm’s corporate and financial regulation practices in New York.
As global markets tumbled in mid-July, some of the world’s largest equity hedge funds, including Light Street Capital Management, Pershing Square Capital Management, suffered significant losses, having invested heavily in popular tech company stocks that led the downturn, according to a report by Bloomberg.
A scramble by hedge funds caught out by a surge in the yen to unwind so-called carry trade bets, has been blamed for the massive stock sell-off that shook global financial markets on Monday, according to a report by the Financial Times.
New York-headquartered multi-strategy hedge fund firm Walleye Capital has cut about a dozen positions mainly in its investment team, including Senior Portfolio Manager Michael Martin, who served as Head of Equity Capital Markets, according to a report by Bloomberg.
Global hedge funds increased their exposure to Chinese domestic stocks and American depositary receipts in July, according to a report by the South China Morning Post citing recent data by the prime brokerage unit at Goldman Sachs.
Global investor interest in high-fee multi-strategy hedge funds is waning, according to a report by Reuters citing a recent survey by Goldman Sachs, although a growing number of investors are still planning to add hedge funds to their portfolios.
Digital asset investment products saw outflows for the first time in four weeks lats week totalling $528m amid growing fears of a US recession, ongoing geopolitical concerns and a broader asset sell-off, according to CoinShares.
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