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Pictet Asset Management has expanded its $9bn actively managed Total Return franchise with the launch of the Lotus Offshore Fund Ltd, an event-driven, special situations Asia Long/Short equity fund, offered as a quarterly-dealing Cayman-domiciled strategy.
The Noble Absolute Return ETF (NOPE), an exchange traded fund launched by hedge fund veteran George Noble in September last year to provide “access to strategies that are typically not available to average investors”, is to liquidate after less than a year, according to a report by Bloomberg.
TOP STORY: Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Saba Capital Management, the hedge fund firm founded by Boaz Weinstein, has seen its flagship hedge fund rack up losses of 7.7% so far this year after bearish bets backfired amid the recent stock market rally, according to a report by The Financial Times.
Marshall Wace, one of the world’s largest hedge funds with over $60bn in assets under management, has taken a significant short position in Irish paper and packaging company Smurfit Kappa, according to a report by The Irish Post.
Singapore-based hedge fund Timefolio Asset Management is shorting some Japanese and Chinese carmaker stocks in a wager that South Korean rivals including Hyundai will fare better in the race to grab a share of the global electric vehicle (EV) market, according to a report by Bloomberg.
Electric vehicle (EV) maker Tesla, Gucci owner Kering, and Japanese chip manufacturer Advantest are among the large-cap stocks with the highest percentage of funds betting against them, according to a data from Hazeltree, a provider of treasury services to hedge funds and other institutional investors.
Nearly two-fifths (39%) of asset owners in Europe that already invest in hedge funds are expecting to increase their allocations over the coming 12 months, according to the latest Cerulli Edge – Global Edition.Â
Canada-based full-service cryptocurrency and digital assets hedge fund firm AltTab Capital has added to its portfolio management team with the appointment of Nick Tsui as a Crypto Trader and Options Specialist.
Viking Global Investors, US-based hedge fund founded by ‘Tiger Cub’ Ole Andreas Halvorsen in 1999, has reopened its flagship long/short hedge fund to new capital after being closed for over a decade, according to a report by Reuters.
