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Chinese quant hedge funds are facing a clampdown on their activities by the country’s two main stock exchanges following restrictions imposed on a major player in the sector, Lingjun Investments for “abnormal trading”, according to a report by Bloomberg.
Wealhouse Capital Management’s Amplus Credit Income Fund, a Toronto-based hedge fund that outperformed the Canadian corporate bond market three years in a row, is betting that the Bank of Canada is poised to make its first interest rate cuts since 2020, according to a report by the Financial Post.
Concerns over potential extremes in the market prompted hedge funds to reduce their exposure to the so-called Magnificent Seven megacap tech stocks in the final quarter of last year, according to a report by Bloomberg.
Digital asset investment products saw record weekly inflows last week, totalling $2.45bn, taking inflows for the year to date to $5.2bn, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Izzy Englander, the founder of multi-strategy hedge fund major Millennium Management, has pipped Ken Griffin, boss of rival firm Citadel, to top spot in a list of the hedge fund industry’s top earners for 2023, according to a report by Bloomberg.
Hedge fund Arkhouse Management has nominated a slate of nine individuals to stand for election as Directors to the board of US department store Macy’s after the retailer rejected a $5.8bn take-private offer from the investment firm, according to a report by Reuters.
Trading by hedge fund Lingjun Investment has been temporarily restricted by two Chinese stock exchanges because of what they described as “abnormal trading” by the quant-driven firm, according to a report by Reuters.
Hedge funds upped their purchases of stocks in a number of Asian emerging markets including China Korea, Taiwan and India, in the week ending 15 February, just ahead of a cut in China’s benchmark mortgage rate, according to a report by Reuters.
Well-timed decisions to increase bets on chipmaker Nvidia towards the end of last year positioned a number of big-name hedge funds, including Arrowstreet Capital and Bridgewater Associates, to generate big gains as the company’s stock continued to soar in the opening weeks of 2024, according to a report by the Financial Times.
A newly buoyant uranium market has prompted an increase in related trading activity by investment banks Goldman Sachs and Macquarie, as well as several hedge fund firms looking to benefit from a spike in the price of the nuclear fuel, according to a report by Bloomberg.
