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Chinese computer-driven “quant” hedge funds experienced significant losses in the first half of the year, underperforming traditional stock strategies domestically and other popular global fund strategies, according to a report by Reuters.
Sculptor Capital Management has closed a $405m collateralised loan obligation, Sculptor CLO XXXIII, at $405m. The firm is now managing 34 CLOs and CBOs totalling over $13bn across both the US and Europe.
News that activist investor Nelson Peltz’s Trian Fund Management has acquired a significant stake in Solventum, the healthcare spinoff from 3M, prompted a 3.4% surge in the company’s shares in after-hours trading on Monday, according to reports.
Igor Tulchinsky’s WorldQuant, which previously managed capital exclusively for multi-strategy major Millennium Management, is now managing $10bn in assets for other clients, according to a report by Bloomberg.
Jain Global, the multi-strategy hedge fund firm launched recently by former Millennium Management Co-Chief Investment Officer Bobby Jain, has hired another portfolio manager in its London office, this time from Caxton Associates, according to reports.
Alex Gerko, one of the UK’s largest taxpayers, has lost his legal battle challenging a British government decision that ordered him to pay income tax rates rather than corporation tax on earnings from trading foreign currencies at London hedge fund GSA Capital, according to a report by MarketWatch.
The recent positive investor sentiment towards digital assets funds continued last week with inflows of $1.35bn, bringing the last three-week run of inflows to $3.2bn, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Hedge funds offloaded their perviously winning stock positions at the fastest rate since the meme stock frenzy of January 2021 last week, as major technology companies saw significant declines, according to a report by Bloomberg.
The registration statement for BlackRock’s iShares Ethereum Trust ETF has been declared effective by the US Securities and Exchange Commission, with the fund now expected to begin trading on Nasdaq on 23 July 2024.
iSwiss Bank has established a new company in New York, which has been authorised by the Securities and Exchange Commission to offer hedge fund investment strategies and tailored financial solutions for institutional and private clients.
