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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.
Bloomberg has launched a new fully customisable intraday quant pricing solution for Investment Research, the Open-High-Low-Close Bar product, which is aimed at simplifying quant workflows by allowing users to create intraday pricing datasets.
Dubai is now home to over 40 hedge fund firms with assets exceeding $1bn each, collectively employing more than 1,000 people, according to a report by Bloomberg quoting Salmaan Jaffery, Chief Business Development Officer of the Dubai International Financial Centre Authority (DIFC).
Axyon AI, which aims to improve asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Professor Petter Kolm as a Scientific Advisor to the firm.
Australia’s sovereign wealth fund the Future Fund’s allocation with Man Group Plc – the world’s largest listed hedge fund – shrink by approximately AUD1.5bn ($1bn) in the first half of 2024, according to a report by Bloomberg.
ExodusPoint Capital outperformed its multi-strategy hedge fund peers in September, posting a 1.5% gain, bringing its year-to-date return to 6.5% for 2024, according to a report by Business Insider citing an unnamed source familiar with the firm.
The Bank of England (BoE) has issued a cautionary note about the growing vulnerabilities in the financial system due to hedge funds’ record-setting short positions against US government bonds, according to a report by the Financial Times.
Millennium Management has added Gary Quaranta, a seasoned hedge fund professional with over two decades of experience, to its team as part of an ongoing push to strengthen its technology and data capabilities, according to a report by eFinancial Careers.
Paul Podolsky, a seasoned hedge und executive with over 15 years of experience at Bridgewater Associates, is gearing up to launch his new hedge fund, Kate Capital, on 1 November, with approximately $200m in initial capital, according to a report by Business Insider.
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