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Hedge funds have adopted their most bearish stance on commodity prices since at least 2011, driven by concerns over a potential economic slowdown impacting demand for raw materials ranging from crude oil to metals and grains, according to a report by Bloomberg.
Third Point, the $12bn activist hedge fund firm led by Daniel Loeb, has built a 6% stake in Bath & Body Works and is pushing for board changes at the retailer, according to a report by Reuters citing a recent regulatory filing.
Howard Hughes Holdings has established a special committee to review a potential buyout offer from Pershing Square Capital Management, the hedge fund run by Bill Ackman, which owns approximately 37.5% of the real estate developer, according to a report by MarketWatch.
Man Group, the British hedge fund major and the world’s largest listed hedge fund manager, has appointed Bernd Kerner as Investment Director for its European private debt team at Man Global Private Markets, according to a report by Reuters.
Arini Capital, the credit hedge fund firm launched by former Credit Suisse trader Hamza Lemssouguer in 2022, has reported strong performance rebound for its flagship fund which posted a 7% gain in July after a disappointing first half of the year, according to a report by Bloomberg.
Zodia Custody, an institution-first digital asset custodian backed by Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has partnered with quantitative digital asset technology firm with Algoz in a bid to deliver a safer model for digital asset investing.
The 16Rock Municipal Opportunities Fund, which is managed by former BlackRock trader James Pruskowski, has delivered a 20% return over the past year, outpacing the muni bond market by 16 percentage points and a broad hedge fund index by 11, according to a report by Bloomberg.
Dmitry Balyasny’s multi-strategy hedge fund firm Balyasny Asset Management, is investing over $200m to revamp its equities trading division with a series of high-profile hires from rival firms, according to a report by Bloomberg.
Hedge funds, pension funds and retail traders have been hit with billions in losses after a popular wager that stock markets would remain calm backfired when the CBOE VIX index saw its largest ever intra-day jump on Monday, according to a report by Reuters.
Hedge funds gained in July as recession fears mounted and volatility spiked into month-end, preceding an historic equity market drop to begin August, sparked partly by a steep decline in large cap tech equities, according to HFR.
