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ServiceNow has become a widely held short position among hedge funds as investor sentiment toward software names remains under pressure due to concerns about artificial intelligence disruption, according to a report by Reuters citing analysis from JPMorgan Chase.
AllianceBernstein has shut down its hedge fund AB Arya, underscoring the challenges smaller entrants face competing in the increasingly scale-driven multi-manager hedge fund industry, according to a report by Bloomberg.
Digital asset investment products saw $1.4bn of inflows last, the third consecutive positive week and the strongest since January, as bitcoin briefly pushed through $76,000 on improving risk sentiment, according to data from CoinShares.
Broadridge Financial Solutions has launched a new front-office platform designed to unify trade execution, risk management and liquidity optimisation for banks, broker-dealers, market makers and trading firms.
Leading commodity trading houses are generating multi-billion-dollar profits as the conflict in Iran triggers extreme volatility across global energy and metals markets, though executives warn conditions remain highly uncertain, according to a report by Bloomberg.
Taiwan’s once-robust market for US dollar-denominated convertible bonds has lost momentum after changes to currency hedging dynamics undermined a widely used hedge fund trade, according to a report by Bloomberg
Magnum Ice Cream Co has become one of Europe’s most heavily shorted stocks, as hedge funds position against the company on concerns over weakening demand, margin pressure and shifting consumer behaviour, according to a report by Bloomberg.
Millennium Management is set to allocate capital to a departing senior quant researcher from Jump Trading Group, highlighting its continued push to back external talent alongside its multi-manager platform, according to a report by Business Insider.
Saba Capital Management has demanded the resignation of the board of Impax Environmental Markets, marking a further escalation in its broader activist campaign across the investment trust sector, according to a report by ThisIsMoney.
A long-serving former partner at Davidson Kempner Capital Management claims he was forced out of the firm after raising concerns internally, and is now pursuing legal action to obtain documents supporting his allegations, according to a report by Bloomberg.
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