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Odey Asset Management is among a number of hedge fund firms that have cut back on bets against Baillie Gifford’s Scottish Mortgage Investment Trust after a large fall in its share price, according to a report by the Financial Times.
The report cites an investor update from James Hanbury, who runs Brook Absolute Return and Developed Markets at Odey, as revealing that the fund had pared back its short positions in the £13.4 billion, London-listed investment trust, despite ongoing concerns over board governance and exposure to risky private companies.
The move is a sign that Hanbury, and other investors, believe
Buyout firm CVC Capital Partners and activist hedge fund Elliott Management are among the suitors to have tabled bids to acquire parts of struggling cinema chain Cineworld, according to a report by Sky News.
Nomura Private Capital has launched its first investment product, the Nomura Alternative Income Fund, which it says marks a significant milestone in the firm’s global push into private markets. Nomura has provided an initial $100 million to seed the fund.
Horizon Software, a provider of electronic trading solutions and algorithmic technology for the global capital markets, has secured certification on TMX Group’s derivatives trading venue Montreal Exchange.Â
Digital asset investment products saw inflows totalling $160 million last week, the highest level since July 2022, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
The inflows represent a marked turnaround following six weeks of outflows totaling $408 million.
Bitcoin was the primary beneficiary, seeing inflows of $128 million. Not all investors saw it as a ‘safe haven’ though with short-bitcoin also seeing inflows of $31 million.
Hedgeweek exclusive: How do investors manage the apparent correlation between increasing AUM and decreasing alpha at hedge funds and other fund products? David Bizer, of London-based wealth manager Global Customised Wealth, offers his insight.
London-based hedge fund Rokos Capital Management has taken the decision to de-risk after racking up double-digit losses so far this month, according to a report by Bloomberg, citing a letter sent by the firm to investors on Saturday.
Hedge fund short-sellers are targeting Ocado after the online grocer posted a £501 million loss, with more than 6 per cent of the company’s stock now out on loan – the highest level in almost five years – according to a report by ThisIsMoney.
Ocado now tops the Financial Conduct Authority’s list of the ‘most shorted’ stocks in London and the increased level of bets against the firm indicates that the salad days of the global pandemic, when the company’s share price soared as shoppers turned to online ordering, are well and truly over.
The company’s shares have fallen by
ExodusPoint Capital Management, a $13 billion hedge fund with offices in London, Paris, Dubai and Singapore, has appointed Evangelos Makris as an analyst from JPMorgan, where he was a senior associate for three years, according to a report by Financial News.
Makris joined JP Morgan as an associate in 2019 before being promoted to senior associate in November 2021, having begun his career at Tokyo-headquartered Mitsubishi UFJ Financial Group.
Makris’ appointment follows those of fellow analyst June Sun who joined ExodusPoint earlier this month from Bank of America (BofA) and former Citi rates trader Hao Qu, who joined the firm
South African retail investors are increasingly including hedge funds in their investment portfolios as they look to mitigate the effects of ongoing market volatility and high inflation, according to a report by News24.
The report cites figures from the Association of Savings and Investments South Africa (ASISA) as revealing that the country’s hedge fund sector enjoyed “unprecedented” growth of 30% over the past year, attracting ZAR5.33 billion of new money during 2022, including ZARR4.19 billion from individual or retail investors.
According to a data from HedgeNews Africa, the funds have proved their worth as a valuable source of return diversification
