Latest News
Balyasny Asset Management has hired Daniel Chen, a former co-head of BlackRock’s US investment-grade platform, as a portfolio manager in New York, adding senior credit expertise to its multi-strategy investment operation, according to a report by eFinancial Careers.
Tiger Global Management reduced its exposure to several of the biggest US technology companies during the second quarter while adding new positions in Advanced Micro Devices and SpaceX, according to a report by Reuters citing the firm’s latest regulatory filing.
Peter Thiel’s Macro hedge fund has acquired a roughly $76m position in Argentine oil producer Vista, giving the billionaire’s hedge fund a 1% holding in one of the key operators in the country’s Vaca Muerta shale basin, according to a report by Reuters.
Institutional investors adopted a notably cautious stance towards some of the US stock market’s most popular technology trades during Q2, with regulatory filings showing buying and selling activity broadly balanced across several key areas, according to a report by Reuters.
Situational Awareness had significantly increased its exposure to semiconductor stocks Micron Technology and Sandisk before last month’s sharp selloff in AI-related equities, according to a report by Bloomberg.
Rokos Capital Management is moving to lengthen the time investors need to fully withdraw their capital, joining a growing group of major multi-strategy and macro hedge fund managers seeking greater stability in their funding base, according to a report by Bloomberg.
Barclays has expanded the scale of its trading relationship with Qube Research & Technologies to more than $100bn in gross notional positions, underscoring the growing importance of the multi-strategy hedge fund to the bank’s prime brokerage operation, according to a report by Bloomberg.
Jane Street suffered a roughly $15bn setback in July as the sharp reversal in artificial intelligence stocks hit the trading firm’s exposure to hedge fund Situational Awareness and other technology positions, according to a report by Reuters.
Jain Global is expanding its Asian presence with new hires and additional office space in Hong Kong as Bobby Jain’s multi-strategy hedge fund prepares to transition away from external investors and manage capital exclusively for Millennium Management, according to a report by Bloomberg.
Cambridge Associates is stepping up its focus on hedge funds as it seeks to attract more wealthy individuals and family offices in Asia looking for greater diversification after a strong run in public markets, according to a report by CityWire.
