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Canadian Colin Heatherington, a former trader for Absolute Capital Management, has been sentenced to three-and-a-half years in federal prison for his involvement in a scheme to manipulate penny stock prices, aimed at inflating the hedge fund’s reported profits, according to CIO.com.
China’s $715bn hedge fund industry is facing significant upheaval as new stringent regulations come into effect next month, which are pushing some investment firms to seek fresh capital or even shutter their operations, according to a report by Reuters.
Hedge funds have significantly reduced their short positions against the yen, marking the most substantial cut in more than a decade following suspected market interventions by Japanese authorities to strengthen the currency, according to a report by Bloomberg.
Hedge funds have significantly increased their investments in gold, pushing their bullish bets on the precious metal to the highest level in four years amid rising investor concerns over the forthcoming US presidential election and the timing of interest rate cuts, according to a report by Bloomberg.
Kevin Byrne, the Chief Financial Officer of multi-strategy hedge fund major Millennium Management, is defecting to rival firm Balyasny Asset Management, where he will take up the role of Chief Operating Officer, according to a report by Bloomberg.
Elliott Investment Management, one of the world’s largest activist investors, has built a significant position in Starbucks, and is engaging in discussions aimed at enhancing the coffee giant’s stock performance, according to a report by the Wall Street Journal citing unnamed sources.
Nekton Capital, the stocks-focused, market-neutral hedge fund firm founded by former York Capital Management Co-Chief Investment Officer Christophe Aurand, is to return capital to investors, after performance failed to meet expectations, according to a report by Bloomberg.
Ken Griffin, billionaire investor and founder of hedge fund major Citadel, has acquired the largest stegosaurus fossil ever discovered for a record-breaking $44.6m, according to a report by the Wall Street Journal. The fossil, known as “Apex,” stands 11 feet tall and 27 feet long.
Recent regulatory tightening has prompted two of China’s leading quantitative hedge funds Yanfu Investments and Zhejiang High-Flyer Asset Management to defend their industry amid calls for an outright ban on algorithmic trading, according to a report by Bloomberg.
EEX Group achieved significant volume growth in the first half of 2024 across major asset classes, with the group’s global power market volume up by almost 50%, and natural gas volumes in the US almost doubling in size.
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