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Despite the recent selloff in AI stocks, Asian hedge funds have maintained the strong confidence in technology companies which has supported an otherwise stellar start to the year, according to a report by Bloomberg.
Pershing Square boss Bill Ackman announced on Tuesday that his new listed investment vehicle, Pershing Square USA, is aiming to raise approximately $2bn in capital, a significant reduction from the initial $25bn target he had envisioned, according to a report by Reuters.
Digital asset investment products saw a relatively muted inflows last week totalling some $245m, although flows were mixed across different digital assets, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
Multi-strategy hedge fund firm Hudson Bay Capital has appointed Mike Cromie as Lead Engineer in its London office. He joins from Segantii Capital, where he held the position of Head of Trading Technology.
New York-headquartered multi-strategy hedge fund firm Schonfeld Strategic Advisors has added Jack Greenwood as a portfolio manager to its discretionary macro team in Dubai, according to a report by eFinancial Careers.
Jeremy Kohler, a former portfolio manager at Segantii Capital, has joined quant hedge fund firm Squarepoint Capital in London also as a PM, having completed six months of gardening leave, according to a report by eFinancial Careers.
Global hedge funds have been rapidly reversing their bearish positions on European stock markets, unwinding bets at the fastest pace seen in a decade amid a series of better-than-expected corporate earnings, according to a report by Reuters.
A recent surge in bullish bets on sterling by hedge fund and other asset managers has set the scene for a sharp correction in the currency, should the Bank of England opt to lower interest rates later this week, according to a report by Bloomberg.
GoldenTree Asset Management, a global credit focused investment firm with approximately $55bn in AUM, has hired Sam Friedland as Principal and Head of Real Estate Credit Origination — a newly created role.
Keystone Investors, a two-year-old Singapore-based, Asia-focused hedge fund firm, has grown its assets to over $2.6bn, with existing client commitments pushing the total to $3bn, according to a report by Bloomberg.
