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Hedge funds are likely expanding their basis trade activity, which exploits the price differences between future and their underlying bonds, with short sales of US Treasury futures having surged, according to a report by Bloomberg.
Digital asset investment products saw outflows totalling $168m last week, the highest level since the US regulatory crackdown on digital exchanges in March 2023, according to the latest Digital Assets Fund Flows report from CoinShares.
Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg.
Two Sigma Investments’ flagship onshore China fund posted a record monthly gain in July on the back of a commodities rally and is now near the top of returns rankings for the year to date, according to a report by Bloomberg.
Weiss Multi-Strategy Advisers, a New York-based hedge fund firm with around $3bn in assets under management, has axed four of its trading strategies as part of a review of its investment teams, according to a report by Bloomberg.
A disgruntled former employee is to blame for a “series of misinformation attacks” against Tiger Global Management over the past several months, according to a report by Bloomberg citing a letter sent to investors by the New York-based investment firm.
Templeton Global Income Fund has selected Saba Capital Management (Saba), a global alternative asset management firm specialising in credit relative value strategies and capital structure arbitrage, as its new investment adviser.
South Korea’s DGB Financial Group has appointed Choi Youngwook, a former long-short hedge fund manager at Daewoo Securities’ now defunct Hong Kong subsidiary, as boss of its new asset management firm in Singapore, according to a report by Korea Economic Daily (KED).
AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text.
Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, increasingly unlikely, according to a report by The Financial Times.
