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Taproot Management, a new hedge fund with a planned $500m launch next year, is forgoing expensive portfolio managers in favour of a team of analysts, according to a report by Bloomberg.Â
The Internal Revenue Service has formally apologised to Ken Griffin, founder of hedge fund giant Citadel, following the unauthorised release of his tax returns, according to a report by the Wall Street Journal.Â
Pierre Andurand’s hedge fund firm Andurand Capital Management will continue to bet on copper and cocoa futures despite recent price declines from their all-time highs earlier this year, according to a report by Bloomberg citing an investor letter.Â
Multistrategy hedge fund DE Shaw is raising capital for DE Shaw Diopter International Fund II as well as its counterpart, DE Shaw Diopter Fund II, according to a report by Institutional Investor citing regulatory filings.Â
Former Segantii Capital Management trader Robert Gagliardi has been implicated in a series of block trades involving insider information from Morgan Stanley, according to a report by the Financial Times.Â
Crispin Odey has disclosed a £37.1m ($47m) goodwill impairment due to the closure of London-based hedge fund firm Odey Asset Management, according to a report by Bloomberg citing a registry filing.Â
Hedgeweek has announced the winners of the Global Digital Assets Awards 2024, which recognise fund performance and service provider excellence in digital assets.
Diversified financial services firm Clear Street has appointed Atul Pawar as Chief Risk Officer, who will join in July after two decades at Goldman Sachs, where he was most recently Head of US Prime, Clearing, FCM and Counterparty Risk.Â
Hedge funds have decreased their net long positions on the Mexican peso by 56,709 contracts following the country’s unexpected election of Morena’s Claudia Sheinbaum, bringing the total down to 27,304 contracts, according to a report by Bloomberg.Â
Melbourne-based L1 Capital’s flagship Long Short Fund, which has delivered a 20% annual return since its inception, is banking on a swift recovery for uranium producer NexGen Energy, according to a report by Bloomberg.Â
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