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Global hedge funds have increased their bearish bets on equities on the back of growing concerns over a faster-than-anticipated economic slowdown in the US, according to a report by Reuters citing a recent client note from the prime brokerage unit at Goldman Sachs.
Pershing Square’s main hedge fund wiped out almost all of its 2024 gains in July with a 4.7% decline for the month, mainly on the back of a sharp drop in the value of Universal Music Group shares, according to a report by Bloomberg.
A Goldman Sachs note has revealed that Japan-focused hedge funds saw their steepest daily performance loss on record on Monday, according to a report by Reuters, amid a global stock rout triggered by disappointing US jobs data and last week’s Bank of Japan rate hike.
Capula Management, Europe’s fourth largest hedge fund with about $30bn in assets, has revealed a significant holding in spot bitcoin ETFs, with the firm having invested a combined $464m in two funds, according to a report by CoinJournal.
Quilter Investors, the multi-asset investment business of Quilter, is adding a hedge fund replication strategy – the Goldmans Sachs Absolute Return Tracker — to its Cirilium Passive Portfolios offering for the first time.
The Securities and Exchange Board of India has proposed new regulations aimed at curbing the trading surge in index options, a move that will affect high-frequency traders, quantitative funds and brokerage firms, according to a report by Reuters.
The United States’ Office of Financial Research has unveiled its new Hedge Fund Monitor, an interactive data visualisation tool that makes aggregated data on hedge fund activities from several sources more accessible through one tool.
Novare, a South Africa-based provider of investment solutions to institutional investors and family offices, has appointed Handré Retief as its new equity and fixed income portfolio manager, according to a report by Citywire.
Nabil Oujjane, the founder of multi-strategy hedge fund firm Aster Capital Management, which manages funds on behalf of Schonfeld Strategic Advisors, is relocating from London to Dubai, joining the growing number of portfolio managers operating from the emirate, according to a report by Bloomberg.
Jain Global, the hedge fund firm founded by former Millennium Management Co-CIO Bobby Jain ended its first month of trading with a small loss of 0.65%, while rival multi-strategy firms, including Millennium and Ken Griffin’s Citadel, managed small gains, according to a report by Business Insider.
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