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Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) are pursuing legal action against the wife of co-founder Zhu Su in a bid to recover approximately $40m from the sale of a Dubai property they allege was acquired using misappropriated fund assets, according to a report by Business Times.
The sharp losses suffered by AI-focused hedge fund Situational Awareness were driven by concentrated, leveraged positions in crowded trades rather than a coordinated assault by short sellers, according to a report by Bloomberg citing analytics firm S3 Partners.
Global hedge funds surrendered almost three percentage points of performance in July as a sharp reversal in technology stocks triggered losses across multiple strategies, although the industry remains up around 8% for the year, according to a report by users citing JPMorgan analysis.
FIFTHDELTA, the $1.5bn hedge fund founded by former Citadel portfolio managers Niall O’Keeffe and Tio Charbaghi, generated an 8.6% return in July, capitalising on sharp market swings that caught many technology-focused managers off guard, according to a report by Bloomberg.
Hedge fund giant DE Shaw is expanding its private markets platform with the launch of a second dedicated venture and growth equity vehicle, underscoring the firm’s continued push beyond traditional hedge fund investing, according to a report by Institutional Investor.
Indonesia’s sovereign wealth fund Danantara is preparing to make its first allocations to hedge funds later this year, with plans to appoint a small group of managers to oversee separately managed accounts as it broadens its exposure to alternative investments, according to a report by Bloomberg.
US Treasury Secretary Scott Bessent is drawing on his hedge fund background as he takes an unusually active role in supporting Japan’s efforts to stabilise the yen, adopting a market-focused approach that observers say differs markedly from that of his predecessors, according to a report by Bloomberg.
Asia-focused hedge funds suffered widespread losses in July as a sharp reversal in AI-related stocks triggered what Goldman Sachs’ prime brokerage business described as the worst month on record for regional equity long-short managers, according to a report by Bloomberg.
Japan and the US are likely to repeat their coordinated current market intervention if the yeh comes under renewed pressure, according to a report by Bloomberg citing comments from former Boan of Japan official Atsushi Takeuchi.
Macro hedge fund Tudor Investment Corporation has hired Mizuho Bank’s former head of fixed income strategy, Jordan Rochester, as it continues to expand its investment capabilities in the Middle East, according to a report by Bloomberg.
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