Latest News
Hedge funds chalked up their best returns since January in November, with Citco’s latest Monthly Hedge Fund Update revealing that funds administered by the firm generated a weighted average return of 3.35% for the month, according to a report by Forbes.
Discovery Capital Management, the hedge fund firm led by ‘Tiger cub’ Rob Citrone, recorded a 48% return with its macro hedge fund in 2023, making it one of the top performers among funds betting on economic trends, according to a report by Bloomberg.
Point72 Asset Management, the hedge fund firm run by Steve Cohen, has joined a group of investors that have built up a big bet against shares of British wealth management firm Hargreaves Lansdown, according to a report by The Times.
Prosecutors have opted not to pursue a second trial against Sam Bankman-Fried, the former boss of collapsed cryptocurrency exchange FTX and related hedge fund firm Alameda Research, according to an Associated Press report.
CoinShares International Limited, one of Europe’s leading alternative asset manager specialising in digital assets, has added Lewis Fellas, the company’s Head of Hedge Fund Solutions, to its Executive Management Committee.
US law firm Seward & Kissel LLP has promoted four private investment fund lawyers – Counsels Jay Baroody, and Kevin Cassidy, and Associate Brett Cotler – to partner, with effect from 1 January, 2024.
TOP STORY: A surge in the price of raw uranium to 16-year highs has prompted tens of hedge fund firms to begin buying and stockpiling barrels of the raw nuclear power fuel, according to a report by the Daily Telegraph.
New hedge fund launches and liquidations were steady into the fourth quarter as managers positioned for the peak of generational inflation and the conclusion of aggressive interest rate increases which have dominated the past two years.
A report by The Times notes that the online fashion retailers Boohoo and Asos, as well as Kingfisher, the owner of B&Q, J Sainsbury and the online gift business Moonpig are among the top ten most shorted companies, according to regulatory filings with the Financial Conduct Authority.
The US dollar continues its downward trajectory, hitting a multi-week low, influenced by market anticipation of an early Federal Reserve rate cut, possibly in March. This sentiment is reinforced by falling treasury yields which add to the pressure on the dollar.
