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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.
Short seller Muddy Waters Capital has placed bets against the shares of Canadian insurance company Fairfax Financial Holdings after releasing a report alleging that the company has consistently manipulated asset values.
Antonio Belgioioso has joined Goldman Sachs as a Rates Trader, having spent the past four years in a Macro Rates Portfolio Manager role at global macro hedge fund firm Brevan Howard, according to a report by eFinancial Careers.
CCData, an FCA-authorised benchmark administrator and provider of digital asset data solutions and settlement indices, has partnered with BMLL Technologies, an independent provider of harmonised level 3 historical data and analytics.
Hedge funds continued their end-of-year momentum into the first month of 2024 amid escalating geopolitical tensions, with fixed income-based strategies leading the way in terms of returns, according to performance data from HFR.
Pershing Square Capital Management’s Bill Ackman exited his position in US home improvement retailer Lowe’s, after it generated a net $1.3bn profit for his fund’s investors, according to a report by Reuters.
Bloomberg has launched a fully automated electronic workflow for the trading and reporting of EUR Interest Rate Swap v Bond Future contracts through Eurex, allowing sell-side participants acting as executing brokers to facilitate a trade using a single interface.
