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A rally in prices across the energy complex, which has seen crude prices climb above $80 a barrel and petrol prices surge to multi-month highs, has prompted hedge funds to up their bullish wagers in the sector, according to a report by Bloomberg.
European credit hedge funds are the most in-demand strategy among investors for the second half of the year, with a net 14% keen to up their allocations by the end of 2023, according to a report by Reuters citing data from a survey by Barclays.
US-based hedge funds sold around $700m in New York-listed shares of Chinese companies during July amid a rally in the country’s stocks, according to a report by Bloomberg citing data from Morgan Stanley’ prime brokerage division.
Concerns over US life insurance company Lincoln National’s exposure to commercial real estate have prompted two hedge funds to wager that the company’s bonds will fall, or that its default risk will increase, according to a report by Reuters.
CoinShares, the European crypto ETP specialist, is planning to launch its first hedge fund open to accredited US investors as part of a wider first-time push into actively managed digital asset products, according to a report by Blockworks.
Managed Funds Association has raised significant concerns about the Financial Stability Oversight Council’s Proposed Risk Analytic Framework and Nonbank Designation Guidance Proposal in a comment letter sent to FSOC.
Hedge funds continued their resurgence in Q2, recording positive performance for a third consecutive quarter, with equities and multi-strategy funds once again driving returns to take their YTD weighted average gains to over 10%, according to data from Citco.
Canadian asset management firm Brookfield Corporation is closing down Brookfield Hedge Solutions Advisors, a $1.3bn multi-strategy hedge fund platform within the $825 billion conglomerate, according to a report by Business Insider.
Hedge fund Marshall Wace has made a multi-million pound gain on a bet against NatWest as the bank’s stock tumbled in value following the departure of Chief Executive Alison Rose and Peter Flavel, the boss of private bank subsidiary Coutts, according to a report by The Telegraph.
As regulatory scrutiny intensifies in the cryptocurrency industry, Cboe Global Markets has secured regulatory approval from the US Commodity Futures Trading Commission for clearing margined digital asset futures.
