Latest News
Total global hedge fund assets increased for the seventh consecutive quarter in Q2 2024, surpassing the previous record high of $4.3tn to reach $4.31tn with a quarterly increase of approximately $11bn, according to the latest data from HFR.
A severe market crash is coming which could see stocks lose half their value, according to Mark Spitznagel, Co-Founder and Chief Investment Officer of Universa Investments, a hedge fund specialising in tail-risk hedging, which seeks to prevent losses from so called “black swan” economic events.
Canadian Colin Heatherington, a former trader for Absolute Capital Management, has been sentenced to three-and-a-half years in federal prison for his involvement in a scheme to manipulate penny stock prices, aimed at inflating the hedge fund’s reported profits, according to CIO.com.
China’s $715bn hedge fund industry is facing significant upheaval as new stringent regulations come into effect next month, which are pushing some investment firms to seek fresh capital or even shutter their operations, according to a report by Reuters.
Hedge funds have significantly reduced their short positions against the yen, marking the most substantial cut in more than a decade following suspected market interventions by Japanese authorities to strengthen the currency, according to a report by Bloomberg.
Hedge funds have significantly increased their investments in gold, pushing their bullish bets on the precious metal to the highest level in four years amid rising investor concerns over the forthcoming US presidential election and the timing of interest rate cuts, according to a report by Bloomberg.
Kevin Byrne, the Chief Financial Officer of multi-strategy hedge fund major Millennium Management, is defecting to rival firm Balyasny Asset Management, where he will take up the role of Chief Operating Officer, according to a report by Bloomberg.
Elliott Investment Management, one of the world’s largest activist investors, has built a significant position in Starbucks, and is engaging in discussions aimed at enhancing the coffee giant’s stock performance, according to a report by the Wall Street Journal citing unnamed sources.
Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.
Ken Griffin, billionaire investor and founder of hedge fund major Citadel, has acquired the largest stegosaurus fossil ever discovered for a record-breaking $44.6m, according to a report by the Wall Street Journal. The fossil, known as “Apex,” stands 11 feet tall and 27 feet long.
