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Hedge funds have exited bearish positions on Brent crude at the fastest pace in nearly eight years, amid heightened geopolitical risks from the escalating conflict in the Middle East, according to a report by Bloomberg citing data from ICE Futures Europe.
A leading Chinese hedge fund, which has surged more than 800% over the past seven years, is taking advantage of the recent dip in Hong Kong-listed Chinese tech stocks, seeing their valuations as still attractive despite a strong rally this year, according to a report by Bloomberg.
Commodity trading advisors and trend-following hedge funds made a significant comeback in September, with Quantedge Global Fund, which gained over 8% over the month, bringing its year-to-date return to 29.36%, leading the way, according to a report by Institutional Investor.
Multi-strategy hedge fund firm DE Shaw has nominated three directors to the board of Air Products and Chemicals after building a $1bn stake in the business, and is urging the company to return to its historically successful business practices, according to a report by NBC.
LGT Capital Partners has launched a new hedge fund vehicle for both institutional and wealth management clients offering access to the individual components of hedge fund strategies that make up the firm’s primary evergreen LGT Endowment portfolio, according to a report by CityWire.
Global derivatives and securities exchange network Cboe Global Markets has announced that trading of its new Options on Cboe Volatility Index Futures will begin on the Cboe Futures Exchange, LLC, on Monday, 14 October.
Multi-strategy hedge fund major Millennium Inc has added to its trading team with the appointment of Ziad Kerbage, a former equity derivatives trader at JPMorgan and Morgan Stanley, as a Senior Portfolio Manager, according to a report by Financial Careers.
A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC.
The corporate showdown between Pfizer and activist hedge fund Starboard Value escalated on Thursday, as Starboard called on the pharmaceutical giant to investigate alleged pressure exerted on former executives who had initially supported its campaign, according to a report by Reuters.
Hedgeweek has announced the winners of the US Awards 2024, which recognise excellence among fund managers and service providers in the US across a wide range of categories. The awards were presented at an exclusive ceremony and networking event on 10 October, at The Penn Club, New York.
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