Hedge funds suffered their first monthly loss since the start of the second quarter in July, with weakness in equity and fixed-income arbitrage strategies dragging the industry’s weighted average return down 0.8%, according to Citco’s latest monthly hedge fund update.
China’s macro hedge funds, including Bridgewater Associates’ China business, proved more resilient than many of the country’s quantitative strategies during July’s sharp equity market selloff, according to a report by Bloomberg.
David Tepper’s hedge fund Appaloosa Management has opened a new position in CoreWeave joining the growing group of institutional investors backing companies at the heart of the artificial intelligence infrastructure boom, according to a report by SimplyWallSt.
Sir Christopher Hohn’s TCI has built a $636m portfolio of loans backed largely by Italy’s most exclusive hotels, giving the hedge fund exposure to a luxury hospitality market benefiting from strong demand and limited supply, according to a report by
A prolonged selloff in US Treasuries is creating a potential opportunity for hedge funds and other relative-value traders to exploit pricing discrepancies between Treasury futures and the underlying bonds, according to a report by Bloomberg.
Hong Kong’s proposed expansion of tax relief for investment managers is prompting hedge funds, banks and family offices to reassess their structures, compensation arrangements and hiring strategies, according to a report by the Business Times.
D1 Capital Partners has emerged as the largest hedge fund shareholder in SpaceX, with the firm led by Dan Sundheim reporting a stake worth more than $21.5bn following the rocket company’s public listing, according to a report by Institutional investor.
BMO Financial Group is expanding its hedge fund capabilities with a search for a research director who will take responsibility for manager selection and due diligence across its third-party hedge fund platform, according to a report by CityWire.
Paul Tudor Jones’ Tudor Investment has increased its exposure to bitcoin through BlackRock’s iShares Bitcoin Trust ETF, reversing a year-long reduction in the hedge fund’s position, according to a report by The Street.
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.
