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Offshore law firm Ogier has appointed Dennis Li as a partner in its Hong Kong office, bringing in expertise in investment funds – including hedge and private equity funds – and digital assets. Li joins Ogier from Travers Thorp Alberga, where he served as counsel.
Event-Driven hedge funds led strong, industry-wide gains in September as the US Federal Reserve lowered interest rates and managers positioned for increasing M&A despite continued escalation of military conflicts in the Middle East and Eastern Europe, according to HFR.
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Kirkoswald Asset Management founder and veteran macro trader and hedge fund manager Greg Coffey is exploring new investment possibilities in Turkey and recently traveled to the country for discussions with bankers and economists, according to a report by Bloomberg.
Singapore-based hedge fund Southern Ridges Capital, kicked off 2024 with high hopes, expanding its team by adding several new portfolio managers, but has now seen a wave of senior departures following a 3% loss in just three days in early August, according to a report by eFinancial Careers.
Deer Park Road Management Co, a hedge fund firm known for its profitable bets on distressed assets, is ramping up its investment in commercial real estate debt, positioning itself to benefit from a downturn reminiscent of 2009, according to a report by Bloomberg.
Despite its reputation for high pay, average salaries at multi-strategy hedge fund major Millennium’s London office fell below £1m ($1.31 million) for the first time ever last year, according to a report by eFinancial Careers.
Schonfeld, the top-performing multi-strategy hedge fund of 2024, which has outpaced rivals including Citadel and Millennium so far this year with a 13.1% gain, is continuing with a hiring push after growing its headcount by 11.2% YTD, eFinancial Careers.
Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the Wall Street Journal.
Oil prices surged above $80 per barrel on Monday, driven by escalating tensions in the Middle East and concerns over potential supply disruptions in the Gulf of Mexico due to an incoming hurricane, prompting hedge funds to begin adjusting their positions, according to a report by the Financial Tines.
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