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London-based credit hedge fund Arini Capital Management has suffered a difficult year as concentrated positions in distressed European companies including Aston Martin and Altice International have weighed heavily on its flagship strategy, according to a report by then Financial Times.
Singapore-based hedge fund manager UG Investment Advisers is targeting Taiwan’s rapidly expanding pool of wealthy investors, seeking to raise onshore capital as the island’s artificial intelligence boom creates new private fortunes, according to a report by Bloomberg.
The Bank of Korea (BOK) has called for closer scrutiny of overseas derivatives linked to South Korean semiconductor stocks, warning that the rapid expansion of leveraged products could intensify volatility in the country’s equity markets, according to a report by Bloomberg.
Activist hedge fund Palliser Capital has increased its holding in Taiwanese printed circuit board maker WUS Printed Circuit, as the firm steps up its search for undervalued companies positioned to benefit from the AI boom across Taiwan and Japan, according to a report by Bloomberg.
Tudor Investment Corporation has recruited Conor Taggart for a data strategy role as hedge funds and proprietary trading firms continue to seek data specialists who can turn alternative information into investable insights, according to a report by eFinancial Careers.
Hedge funds staged a strong recovery in August as rising interest rates, geopolitical tensions and disruption to energy and commodity markets created opportunities for macro managers and systematic strategies, according to the latest data from HFR.
Greece is stepping up efforts to attract hedge funds and their senior executives to Athens with a new tax regime aimed at competing with established financial centres including London, Switzerland and Dubai, according to a report by the Financial Times.
Verition has hired Melanie Payne as commodities chief operating officer in London, adding senior operational expertise as the multi-strategy hedge fund continues to expand its commodities platform, according to a report by eFinancial Careers.
Macro hedge funds are increasing bets that the yen will strengthen beyond JPY150 against the dollar by the end of the year, with some longer-dated options positions targeting a move towards JPY140, according to a report by Bloomberg.
Corn prices are heading for their longest losing streak since June, putting pressure on hedge funds after money managers built their most bullish net position in the crop on record, according to a report by Bloomberg.
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