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Ray Dalio, founder of global hedge fund major Bridgewater Associates, and Lim Chow Kiat, CEO of Singapore’s sovereign wealth fund GIC, have expressed growing caution regarding the global economic outlook due to political risks and uncertain growth prospects, according to a report by the Straits Times.
While some of Wall Street’s largest banks are urging clients to make bullish bets on Brazil, local hedge funds are steering clear, with firms including Verde Asset Management and Ibiuna Investimentos maintaining their bets on a weaker Brazilian real, according to a report by Bloomberg.
Grzegorz Swirszcz, a renowned artificial intelligence expert who spent over eight years at Google DeepMind, has been appointed as Quant Research Director at fast-growing London quant hedge fund Qube Research & Technologies, according to a report by eFinancial Careers.
Two Sigma, the US quant hedge fund firm founded by John Overdeck and David Siegel, is in discussions with the Securities and Exchange Commission to settle a probe related to a trading misconduct case, according to a report by the Wall Street Journal.
Wintermute Asia Pte Ltd, the digital asset derivatives trading arm of global algorithmic trading firm Wintermute Group, has made major updates to its CFD offering, including making it available for trading on its electronic OTC trading platform, Wintermute NODE.
Traditional hedge fund managers charged an average management fee of 1.8% annually in 2023, while managers offering bespoke strategies charged significantly less, with an average fee of 0.9%, according to the 2023 Seward & Kissel Established Manager Hedge Fund Study.
Special situations and event-driven hedge fund Irenic Capital Management has urged Kinaxis to conduct a strategic review, while cautioning the Canadian software company’s board against making “reactive decisions” or taking “half measures”, according to a report by Reuters.
Hedge funds and other investment firms are expected to significantly increase their budgets in 2025 for alternative datasets, which provide insights through data from sources like cell phone geolocation, credit card transactions, and satellite imagery, according to a report by Business Insider.
Glenview Capital Management, the long-short hedge fund firm led by Larry Robbins, is on track for its best annual performance in half a decade after posting another strong gain in August, according to a report by Institutional Investor.
Hedge fund Citadel has added several London-based portfolio managers to its Fixed Income and Macro business, with the $63bn hedge fund confirming three new hires who will take up their new roles between November of this year and mid-2025, according to a report by Reuters.
