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International energy services company Petrofac was the most shorted UK listed company as of 5 February 2024, with 11.49% of its stock held in short positions, according to new analysis by global exchange traded product provider GraniteShares.
The Managed Funds Association, a representative association for the global alternative asset management industry, has submitted a comment letter to the UK’s Financial Conduct Authority calling for the swift implementation of a consolidated tape for UK fixed income markets.
Bitcoin ended the week at approximately $48,300, showing a notable 13.4% increase from the previous week’s closing value of around $42,600, according to a note from Research Analyst Matteo Greco at the publicly listed digital asset and fintech investment business Fineqia International.
New hedge fund managers are struggling to attract investment to their funds with inflows in 2023 falling to new lows, according to a report by Reuters, citing a client report published by Goldman Sachs on Friday last week.
Just a week after boosting their long bets on the Swiss franc, hedge fund have flipped to a bearish position on the currency amid speculation that the central bank is no longer supporting the currency with purchases and could be on the brink of lowering interests rates.
California-based hedge fund and activist shareholder Butler Hall Capital has issued an open letter to French skincare company L’Occitane, urging its board of directors to relist on a US exchange and reconsider the company’s valuation following news of Blackstone’s potential bid to acquire the business.
Hedge funds’ bets have switched from bearish to bullish after the US economy’s unexpected job surge in the first six weeks of 2024 boosted optimism for the dollar, which has climbed nearly 3% so far this year, according to a report by the Financial Times citing executives at Citibank, JPMorgan, Rabobank and State Street.Â
The US Securities and Exchange Commission and Commodity Futures Trading Commission have jointly approved new regulations which will require hedge funds to confidentially disclose more information about their investment strategies to watchdogs on a quarterly basis, including on investments, borrowing and counter-party exposure, according to a report by Bloomberg.
Quantitative hedge funds may have outperformed the human traders at rival funds over the past three years, but even algorithm-driven strategies are now incurring losses as a result of China’s ongoing stock market slump, according to a report by Bloomberg.Â
Hudson Bay Capital Management, a global multi-strategy investment firm headquartered in Greenwich, Connecticut, with $20bn in AUM, has appointed SS&C GlobeOp to provide fund administration services.
