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August proved to be a strong month for hedge funds specialising in life sciences and biopharma stocks, with several firms reporting solid gains that helped many return to positive territory for the year, according to a report by Institutional investor.
Hedge funds are ramping up wagers on the yen’s continued strength, with the Japanese currency surging by another 1% on Friday, as traders bought options against the Australian dollar, Swiss franc, and offshore Chinese yuan, according to a report by Bloomberg.
Zodia Custody, an institution-first digital asset custodian, whose shareholders include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has launched an integration with the Solana stake automation platform, Marinade.
Arrowpoint Investment Partners, one of the largest hedge funds launched in Asia this year, is rapidly expanding its presence in Hong Kong and has taken on an entire floor at the newly built Six Pacific Place in Wanchai, according to a report by Reuters.
TOP STORY: Steve Cohen’s Point72 Asset Management is preparing to return a significant portion of capital to investors for the first time, joining other large multi-strategy hedge funds that are capping assets after a period of rapid growth, according to a report by Bloomberg.
Elliott Advisors, the UK arm of activist hedge fund giant Elliott Investment Management, significantly boosted pay for its directors last year, despite a slight drop in revenue, according to a report by Financial News.
State Street Global Advisors, the asset management business of State Street Corporationhas launched the State Street Global Alternative Beta Fund, which seeks to approximate the returns of hedge funds as a broad asset class.
Jackie Haynes, the former Head of Trading Analytics for Equity Quant Research at Multi-strategy hedge fund major Citadel, has returned to the banking sector as a Managing Director and Distinguished Architect for Risk Technology at JPMorgan, according to a report by eFinancial Careers.
The KLS Scopia Market Neutral Equity Fund has grown its AUM to $63m and recorded a 12-month trailing net return of 9.8% since being launched by New York-based hedge fund manager Scopia Capital Management in UCITs format on Kepler Partners’ KLS Funds platform.
Southwest Airlines revealed significant changes to its board of directors on Tuesday, including the upcoming departure of executive chairman Gary Kelly, following pressure from Elliott Investment Management, the activist hedge fund pushing for sweeping reforms at the company.
