Latest News
Short positions in the gold market are falling, as money managers are increasing their speculative gross long positions in Comex gold futures, leading to the second-biggest ever short covering rally on record, according to a report by Kitco, citing data from the Commodity Futures Trading Commission.
Eisler Capital Management, the fund founded by Edward Eisler, the former co-head of Goldman Sachs securities business, has upped the referral bonus it will offer to current staff who refer new portfolio managers to the fund, according to a report by eFinancial Careers.
Pershing Square Capital Management, the hedge fund led by Bill Ackman, has covered its bond short position according to a report by Reuters.
Hedge funds across the globe are reducing their exposure to mega cap tech firms, according to a report by Reuters that cites data from JPMorgan Chase’s positioning Intelligence Unit.
Digital asset investment products saw inflows for the fourth consecutive week totalling US$66m, according to the latest CoinShares Digital Asset Fund Flow report. This brings the total AUM up to $33bn.
Elliot Management Corporation, one of the world’s largest activist funds with over $71bn in AUM, has disclosed that it now holds 9% of supply chain software platform E2open’s tradable stocks.
Yorkville Advisors, a New Jersey based hedge fund, has signed a standby equity subscription to buy over $1bn VinFast Auto company shares, according to a report by Forbes.
Alleged accomplices of Sanjay Shah, the founder of Solo Capital Partners, LLP, accused in a NOK9bn ($1.3bn) Danish tax fraud probe have agreed to pay between €30,000 and €100,000 to end the cases against them, according to a report by Bloomberg.
Saba Capital Management, the firm run by American hedge fund tycoon Boaz Weinstein has declared stakes in ten UK investment trusts, according to a report by The Times.
Dimitry Balyasny, founder of global multi-strategy hedge fund firm Balyasny Asset Manager, believes that with costs for traders soaring, managers need to both both buy and build talent as they look to expand their businesses, according to a report by Bloomberg.
