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Intel
US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio leading the way with a 6.14% return to the end of May, according to a report by Reuters.
Intel
Multi-strategy hedge funds including Millennium Management, Balyasny Asset Management, and Point72 Asset Management are recruiting staff at breakneck pace in Asia as market volatility prompts investors to look to firms that employ multiple strategies rather than single managers, according to a report by Bloomberg.
Partner Content
Risk management and asset allocation have been taking centre stage as interest rate risk and uncertainty have continued to impact markets. A cautious approach with little to no leverage can help hedge fund investors navigate this state of affairs successfully.
Intel
Tortoise, a London-based hedge fund manager that has out performed 99% of its long-short equity rivals so far this year, feels the time is right to be “sensibly contrarian” and has out demonstrated the courage of its convictions with a long bet on Facebook owner Meta Platforms Inc, according to a report by Bloomberg.
Partner Content
Reliable liquidity in FX markets is not as available as it once was. Consolidation in the industry is leading to a huge demand for scale and risks which were negligible are now becoming a priority. The space is also due to see a paradigm shift for EUR and GBP as corporates hedging activity is exploding, and funds or asset managers are also being drawn in by the volatility and macro implications of what is happening.
Intel
US activist hedge fund Elliott Management is set to refinance Superdry with a £70m funding package as a deadline for the clothing retailer to repay its current debts looms large, according to a report by the Sunday Times.
Partner Content
The extended ramp up in regulation coupled with the challenging economic environment means hedge funds need to continue to look for ways of operating more efficiently in order to stay ahead.
Intel
Stefano Cocirio, an associate portfolio manager at Elliott Advisors is to quit the US activist hedge fund to take up the role of chief financial officer at Italian Serie A football club AC Milan, according to a report by Il Sole 24 Ore.
Insight
Hedge fund returns held up well in the face of ongoing downward trends for some markets in the third quarter, seeing only a small decline overall, with some specific strategies recording strong gains, according to data from Citco.
Intel
Hedge funds are maintaining their bearish stance on equity markets despite the recent stock market rally prompting them to unwind short bets at a rapid rate, according to a report by Bloomberg.
