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Traditional exchanges CME Group and Intercontinental Exchange (ICE) are urging US regulators to tighten oversight of crypto platform Hyperliquid, warning that its fast-growing oil trading activity could distort global benchmarks and increase the risk of market manipulation, according to a report by Bloomberg.
Citigroup is expanding its Asia-Pacific prime brokerage team as competition for hedge fund business across the region continues to accelerate, with the bank reportedly planning to increase headcount in the division by around 10% by the end of 2026, according to a report by Bloomberg.
Perbak Capital Partners, a London-based hedge fund backed by Schonfeld Strategic Advisors, is winding down operations after concluding that its asset base had not grown sufficiently to support the long-term resilience of the business, according to a report by Bloomberg.
London-based macro hedge funds are scaling back risk in UK government bond markets after sharp losses during March’s volatility reduced appetite for aggressive directional trades, rather than laying off portfolio managers, according to a report by eFinancial Careers.
Venezuela is attempting to halt the court-supervised sale of US refiner Citgo Petroleum, arguing that a sharp increase in the company’s valuation undermines the rationale for a deal that would hand control to an affiliate of hedge fund Elliott Investment Management, according to a report by Reuters.
Citadel has added a new research analyst to its London team, appointing Ben Poster who brings senior buy-side experience from a traditional asset management firm to the business, according to a report by eFinancial Careers.
The Bank of Japan has warned that the growing influence of investment funds — particularly foreign hedge funds and private equity firms — could heighten risks across Japan’s financial system, according to a report by Reuters.
Citadel’s decision to ask some members of its Hong Kong-based global quantitative strategies (GQS) team to relocate was part of a global strategy to bring teams closer together and not related to concerns over data security, as claimed in a Financial Times report on Wednesday.Â
Hedge funds heavily exposed to AI hardware stocks, including Point72, Whale Rock Capital Management and Seligman Investments, posted some of their strongest returns in decades during April, according to a report by the Wall Street Journal citing data from PivotalPath.
US equities closed at fresh record highs on Wednesday as gains in major technology stocks outweighed renewed concerns over inflation and the prospect of higher-for-longer interest rates from the Federal Reserve, according to a report by Bloomberg.
