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Momentum strategies, long favoured by hedge funds chasing winners and selling laggards, saw one of the steepest reversals in years last week as markets reacted to the US-Iran conflict, disappointing February jobs data, and AI-driven tech disruption, according to a report by Bloomberg.
New York-based hedge fund Taproot Management, founded by David Lin and ex-Two Sigma executive Jason Beverage, has posted losses since its launch last summer, as it attempts to deliver multistrategy-style returns without a traditional PM structure, according to a report by Business Insider.
A US federal judge has approved a $29m payment to Pfizer as part of a long-running dispute tied to the insider trading case involving SAC Capital Management, the former hedge fund run by billionaire investor Steven A Cohen, according to a report by Reuters.
A former portfolio manager at Citadel has launched hedge fund NovaCore Capital after securing more than $250m in initial investor commitments from several investors, including Squarepoint Capital and Lighthouse Investment Partners, according to a report by Bloomberg.
Hedge fund manager and Odey Asset Management founder Crispin Odey is set to contest a ban from the financial services industry and a £1.8m fine imposed by the UK regulator, with a tribunal hearing scheduled to begin this week in London, according to a report by The Times.
Hedge funds increased bearish positions on US equities last week as escalating geopolitical tensions and market volatility weighed on investor sentiment, according to a report by Bloomberg citing data from Goldman Sachs.
Hedge funds extended their run of positive performance in February, with macro and equity hedge strategies leading gains as markets navigated rising geopolitical tensions, sector disruption from AI and mounting pressure in private credit, according to HFR.
Situational Awareness, the hedge fund founded by ex-OpenAI researcher Leopold Aschenbrenner, is betting on electricity generators and crypto-miners as part of a broader strategy to profit from the race toward artificial general intelligence (AGI), according to a report by Fortune.
Qomply, a regulatory technology firm, has launched a new Hong Kong office, expanding its presence in Asia Pacific, as transaction reporting requirements are changing across the region, and supervisory scrutiny is becoming increasingly data led.
Escalating geopolitical tensions in the Middle East are rattling one of the hedge fund industry’s most widely used options strategies, raising concerns that a sudden spike in volatility could trigger broader market disruption, according to a report by Bloomberg.
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