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The largest ever summer intern programme got underway at Steve Cohen’s multi-strategy hedge fund firm Point72 Asset Management this week, as 55 college students took up their places on the eight-week long training scheme, according to a report by Bloomberg.
Marshall Wace, the $64bn UK-based hedge fund major founded by Paul Marshall and Ian Wace in 1997, is set to open an office in Abu Dhabi, joining the growing number of financial firms establishing a presence in the United Arab Emirates.
Hedge funds are increasingly betting against bitcoin, with their short positions hitting a new record high, according to a report by Bloomberg citing the latest Commitments of Traders report from the Commodity Futures Trading Commission.
Chinese regulators are considering the introduction of stricter rules on how banks distribute financial products to the public, potentially severing a crucial distribution channel for some of the country’s largest hedge funds, according to a report by Bloomberg.
BMLL, a provider of historical Level 3, 2 and 1 data and analytics across global equity, ETFs and futures markets, has partnered with INQDATA to provide clients with access to historical market data within their kdb+ environment.
Digital asset investment products saw inflows totalling $2bn last week, bringing the current five-week run of inflows to $4.3bn, according to the latest digital assets fund flows weekly report from CoinShares.
Horizon Trading Solutions, a provider of electronic trading solutions and algorithmic technology for the global capital markets, is now certified on the Toronto Stock Exchange, after gaining certification on the Toronto Montreal Exchange in 2023.
Hedge funds have made a notable shift in their investment strategies, selling off semiconductor stocks and purchasing shares in software companies instead, according to a report from Bloomberg citing data from Goldman Sachs’s prime brokerage desk.
Gregoire Tournant, a former hedge fund manager at Allianz SE, has pleaded guilty to fraud charges related to billions of dollars in investor losses, two years after a unit of the investment firm agreed to pay $5.8bn in penalties for realted offences, according to a report by Bloomberg.
Hedge funds have significantly increased their bets against Eurozone government bonds to the highest level seen in over two years, amid expectations that persistent inflation will limit the ECB’s ability to make further interest rate cuts this year.
