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Hedge funds shifted to a bullish stance on the yen just before dovish comments from Japan’s new prime minister and strong US employment data triggered the worst weekly decline for the currency since late 2009, according to a report by Bloomberg.
Several China-focused hedge funds have reported stellar returns for September, thanks to a significant rally in Chinese stocks following Beijing’s aggressive economic stimulus measures, according to a report by Reuters.
Marex Prime Services is establishing a dedicated presence in Dubai, complementing the firm’s existing operations in the Middle East region with Mazen Najjar, who has more than 12 years’ experience in MENA financial services and prime brokerage sales, the first hire in the emirate.
Citadel, the $64bn multi-strategy hedge fund major, has ramped up its Asia fundamental equities team to more than 60 employees in just over three years, with the latest additions – Portfolio Managers Doris Yang and Jerry Jiang – set to join early next year, according to a report by the Business Times.
Quantitative hedge fund firm Two Sigma Investments is preparing to raise external capital for a new real estate investment fund opening up what until now has been an internal operation to outside investors, according to a report by Bloomberg.
MFA has elected Jody Gunderson, Managing Principal of AB CarVal, as its new Board Chair and also named new members of its Board of Directors for the 2025 fiscal year, including execs from alternative asset management firms and service providers.
Emerging markets hedge funds extended gains through Q3 2024, as managers positioned portfolios to navigate shifting geopolitical risks, fluctuating interest rates, and global economic uncertainties, according to data from HFR.
Australian investment firm Platinum Asset Management Ltd has entered into takeover discussions with Regal Partners Ltd, granting the hedge fund access to due diligence in the hopes of securing a potentially higher bid, according to a report by Bloomberg.
The top 20 most widely held stocks among hedge fund managers, including some of the “Magnificent Seven” tech giants, trailed the S&P 500 during the third quarter of 2024 with a 3.4% gain as compared to the index’s 5.2% increase, according to a report by Institutional Investor.
Digital asset investment products saw a third consecutive week of inflows last week, totalling $1.2bn, probably as a reaction to continued expectations of dovish monetary policy in the US, according to the latest data from CoinShares.
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