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Activist hedge fund Blackwells Capital has filed a lawsuit against Global Net Lease Inc and Necessity Retail REIT Inc after being prevented from putting forward its own slate of board nominees for the real estate companies, according to a report by Reuters.
Big name quant hedge fund firms including AQR Capital Management, Man Group and Aspect Capital are on course for record annual returns this year on the back of the ongoing market turmoil that has caused big problems for traditional stock and bond managers, according to a report by Bloomberg.
The report cites an unnamed source as revealing that AQR’s Absolute Return Strategy is set for its best ever year haiving seen a 40.9% gain up to the end of November. Man’s $11.6 billion AHL Alpha, meanwhile is up 10.7% over the same period while Aspect’s Diversified fund has surged 37.9%
Hedge funds and other money mangers have sold petroleum for a fifth consecutive week, according to a report by Reuters, although the rate of selling has slowed somewhat with the equivalent of 15 million barrels in the six most important petroleum-related futures and options contracts having been offloaded in the week ending 13 December.
The report cites position records published by ICE Futures Europe and the US Commodity Futures Trading Commission as revealing that total sales by fund managers over the five weeks since 8 November, now total some 236 million barrels.
The most recent week, saw continued sales of
RBC BlueBay Asset Management has made two appointments in its Environmental, Social and Governance Investment team: Younes Hassar has joined the London office as senior ESG analyst, while Emir Beganovic has joined the Minneapolis office as an ESG Analyst.Â
Most hedge funds continued their recovery in November, with equity and multi-strategy funds leading the way as the overall weighted average return for funds administered by Citco reached a total of 2.9% for the month.
Hedge funds have been increasing their short bets against cryptocurrency miners, in expectation of further fallout from the collapse on Sam Bankman-Fried’s FTX digital assets empire, according to a report by the Financial Times.
The price of bitcoin has tumbled by nearly two-thirds so far this year, while the cost of operating the energy-intensive computers used by bitcoin miners has risen sharply on the back of global power increases, leading some hedge fund managers to wager that some companies could soon run into problems.
The report cites data from Nasdaq as revealing that short bets against one of the the
Top hedge fund talent is migrating from the traditional financial centres of London and New York to the UAE, Saudi Arabia, Kuwait, and Bahrain, on the back of cost-of-living and tax increases, according to a report by Financial News.
Ken Griffin, the billionaire founder of hedge fund Citadel, is suing the US Internal Revenue Service over a data breach that led to his confidential financial information being published by ProPublica, according to a report by Bloomberg.
Digital asset investment products saw outflows totalling $30 million last week, with outflows seen across most asset types, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Cboe Global Markets, Inc (CBOE), a provider of global market infrastructure and tradable products, has elected Hillary A Sale as a new member of the Boards of Directors for the Cboe US Securities Exchanges, Cboe Futures Exchange, and Cboe SEF.
Sale is the Associate Dean for Strategy, the Agnes Williams Sesquicentennial Professor of Leadership and Corporate Governance, and a Professor of Management at Georgetown University.
Sale is being added as an additional director on each of the boards, bringing the number of directors on each board to nine.
Sale joined Georgetown University in 2018, where she is currently
