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Hedge funds are scaling back trading in response to stricter risk controls, with credit trading being the hardest hit, according to a new global survey of 100 senior hedge fund executives across the US, UK, Europe, and Asia by Beacon Platform Inc.
Hedge funds are significantly increasing bearish bets against currencies like the yuan, euro, and Mexican peso, speculating that Donald Trump will win the upcoming US presidential election, according to a report by Bloomberg.
Crypto derivatives exchange BitMEX has launched Trading Bots, a new automated trading tool designed to offer automation based on predefined strategies or reactions to signals, for 24/7 crypto trading without the need for coding experience.
Digital asset investment products saw inflows of $407m last week, as investor decisions were seemingly influenced more by the upcoming US elections than by monetary policy outlooks, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
September brought a rare victory for Brazilian hedge funds as their cautious stance on domestic assets paid off, with funds including Legacy Capital and Ace Capital posting their strongest returns of the year, according to a report by Bloomberg.
Activist hedge fund Blacksheep Fund Management has secured a seat on the seven-member board at Dye & Durham plus a say in the nomination of another director at the Toronto-based software company, according to a report by the Globe & Mail.
Hedge fund allocators are increasingly worried about the risks of crowding, according to a new Bank of America survey, however, these same investors are consolidating their portfolios into a few large multi-manager firms, exacerbating the potential problem.
John Hempton, one of Australia’s highest-profile hedge fund investors, says he is reviewing his strategy at Bronte Capital after the firm recorded its worst monthly returns in more than two years, according to a report by the Australian Financial Review.
UBS O’Connor, the $12bn hedge fund unit of UBS Asset Management, remains optimistic about the potential for a rebound in merger-arbitrage performance despite a difficult YTD due to regulatory challenges disrupting high-profile deals, according to a report by Bloomberg.
Eugene Tang is the latest hedge fund quant to avoid a period of gardening leave by opting to join a tech company rather than a rival firm with a switch to artificial intelligence leader OpenAI as a “member of technical staff”, according to a report by eFinancial Careers.
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