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Hedge fund Solo Capital’s founder Sanjay Shah, who has been accused of masterminding a £1.44bn ($1.83bn) dividend tax fraud against Denmark, said that he had depended on others for tax and legal advice in a London court on Tuesday, according to a report by Reuters.
Hedge funds are cutting their stakes in large-cap technology stocks, shifting their focus to a broader range of companies that are involved in, or stand to benefit from advancements in AI, according to analysis from Goldman Sachs.
New York state legislators are considering a change to an existing law that imposes a 9% interest rate on defaulted sovereign emerging-market bonds which, if enacted, could make cases like Elliott Investment Management’s dispute with Argentina less likely, according to a report by Bloomberg.
Global hedge funds have increased their holdings of Chinese equities for the fourth consecutive week, joining the growing number of investors anticipating a market rebound, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage team.
Izzy Englander, founder of the $61bn New York-based hedge fund Millennium Management, appears to be increasingly confident that the share price of international sports betting and gambling company Flutter Entertainment is set to decrease, according to a report by The Irish Times.
London-based crypto hedge funds are experiencing significant gains this year, reflecting growing market optimism for digital assets, according to a report by Financial News.
Two funds previously controlled by Odey Asset Management saw strong performances, ranking them among the top 10 best performing funds globally in April, according to data from Société Générale.
Hedge fund Shah Capital will end its proxy campaign against the re-election of three broad directors at Covid-19 vaccine maker Novavax after the company signed a licensing deal with French drugmaker Sanofi.
Citadel, the $58bn multi-strategy hedge fund major founded by Ken Griffin, has appointed Rupee Yadav, a Partner at Goldman Sachs, as its new Head of Electronic Trading, according to a report by eFinancial Careers.
Digital asset investment products saw inflows totalling $932m last week, the second week of positive flows, according to the latest digital assets fund flows weekly report from CoinShares.
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