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The UK’s financial regulator the Financial Conduct Authority is investigating whether hedge fund manager Crispin Odey is “a fit and proper person” to work in financial services, and is in contact with the police over allegations made against the Odey Asset Management founder, according to a report by Bloomberg.
Heavy losses have prompted Dantai Capital to shut down its flagship hedge fund, the Greater China-focused Dantai Master Fund, after the firm concluded the investment strategy no longer works in the current market environment, according to a report by Bloomberg.
Greg Jensen, Co-Chief Investment officer at the world’s biggest hedge fund Bridgewater Associates, has warned against the use of large language models (LLMs) like ChatGPT to trade equities, despite being an early investor in its creator OpenAI as well as AI startup Anthropic, according to Bloomberg.
The average confidence of hedge fund mangers in the economic prospects of their businesses over the coming 12 months fell slightly in the second quarter of the year to +14.2, from +16.3 in Q1, according to the latest AIMA Hedge Fund Confidence Index.
The number of investor activist campaigns has steadily increased month-on-month since January, bucking the trend of previous years and indicating that momentum for activism is building, according to professional services firm Alvarez & Marsal’s latest A&M Activist Alert.
Embattled hedge fund firm Odey Asset Management has written to investors saying it is planning to lift the suspension of investment withdrawals from its Brook Developed Markets Fund, according to a report by Reuters.
The battle by central banks to tame inflation continued to present investment challenges and opportunities in June with the US Federal Reserve’s decision to leave rates unchanged for the first time in 15 months catching some managers and investors flat-footed.
Despite recent signs that sterling’s strong rally so far this year is flagging, hedge funds and other currency speculators have upped their bullish bet on the pound to the highest level in nine years, according to a report by the Financial Times.
With global economic growth continuing to slow and production cuts from Saudi Arabia and its OPEC⁺ allies having failed to lift prices, hedge funds and other investors have turned exceptionally bearish in their sentiment towards crude oil, according to a report by Reuters.
The equivalent of 64 million barrels in the six most important petroleum-related futures and options contracts were reportedly sold by investors in the seven days ending 27 June, with the sales concentrated in crude contracts split evenly between Brent (-31 million barrels) and NYMEX and ICE WTI (-33 million barrels).
The net position across the three major
The prospect of the US Federal Reserve ending its programme of interest rate hikes aimed at tackling inflation, now has a number of hedge fund poised to exit their bullish bets on the dollar, according to a report by Bloomberg.
