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Hedge funds turned net sellers of US stocks last week, selling more shares than they bought as the major US stock indexes turned negative following five straight weeks of gains, according to a report by Reuters.
Capula Investment Management’s $3.5bn Capula Tactical Macro fund, which is run by Partner and Senior Portfolio Manager Nat Dean, is to be spun out of the firm into a separate business during the second half of the year, according to a report by Bloomberg.
Morgan Stanley Investment Management has launched the MS INVF Systematic Liquid Alpha Fund, which will be managed by its $25bn hedge funds team and will leverage a diversified set of investment strategies across different asset classes, including equity, fixed income, cash equivalents, currencies and commodities.
Barnali Biswal, who spent 14 years as a Managing Director at Goldman Sachs, has joined Hilbert Capital as Chief Investment Officer to manage and develop the firm’s quantitative investment solutions for its growing number of institutional investors.
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.
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