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The former chief financial officer of a Miami Beach-based hedge fund has pleaded guilty to securities fraud after admitting to stealing more than $3m from his employer over a four-year period, accorfing to a report by Bloomberg.
Trend-following hedge funds are carrying their largest-ever bearish exposure to global government bonds, increasing the potential for a sharp reversal if this week’s US inflation data weakens expectations for further Federal Reserve rate increases, according to a report by Bloomberg.
Blue Pool Capital, the investment firm backed by Alibaba chairman Joe Tsai, has raised $300m in the first close of a new vehicle targeting hedge fund strategies, as demand for alternative investments continues to attract wealthy investors and institutions.
Value Aligned Research Advisors, a hedge fund built around the artificial intelligence investment theme, suffered a 44% loss in July as a sharp selloff in AI-related stocks hit crowded positions across the sector, according to a report by Bloomberg.
Hedge funds and other investors are pushing back against a US Securities and Exchange Commission proposal that would allow public companies to report financial results every six months rather than every quarter, according to a report by Bloomberg.
US natural gas prices jumped on Monday as changing weather forecasts prompted hedge funds to unwind bearish positions, with money managers having built their largest net-short exposure to the commodity in years, according to a report by Bloomberg.
Kalshi is strengthening oversight of its rapidly expanding prediction markets through a multi-year partnership with Nasdaq Market Surveillance, giving the exchange access to institutional-grade tools designed to detect potential market abuse across its trading venues.
Hong Kong is considering extending proposed tax incentives to proprietary trading firms as it seeks to strengthen its position as a global financial centre and compete with Singapore, New York and Miami for high-value investment talent, according to a report by the Financial Times.
Hedge funds are rebuilding equity exposure after sharply reducing risk in late July, with investors once again adding to long positions as the latest market rally gains momentum, according to a report by the Wall Street Journal citing a note from the prime brokerage division at Goldman Sachs.
Former Jump Trading digital-asset trading chief Chris Drew has joined crypto-focused hedge fund Fasanara Digital as head of trading, bringing extensive experience from electronic and quantitative markets as the firm looks to broaden its investment activities, according to a report by eFinancial Careers.
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