Hedge funds are increasingly taking short positions in Xiaomi Corp, according to Goldman Sachs, as investors grow cautious ahead of the Chinese tech and EV company’s third-quarter earnings, according to a report by Bloomberg citing data from Goldman Sachs.
Multi-strategy hedge fund major Citadel’s flagship Wellington fund delivered a 1.8% gain in October, extending its strong performance for the year, according to a report by Reuters citing an unnamed source familiar with the matter.
Two US regional lenders – First Interstate BancSystem and Columbia Banking System – have averted proxy battles with activist hedge fund HoldCo Asset Management, after the banks made strategic concessions that addressed the fund’s demands, according to a report by
Brevan Howard, one of the world’s largest hedge funds, has made a $200m allocation to Catalio Capital Management’s Public Equities Fund, a healthcare-focused strategy, according to a report by Reuters, citing people familiar with the matter.
A growing share of global hedge funds are gaining exposure to digital assets, with 55% of funds now invested in crypto, up from 47% last year, according to a new report by the Alternative Investment Management Association (AIMA) and PwC.
A growing number of hedge fund startups are choosing to launch with just one investor, typically through separately managed accounts (SMAs), as access to diversified capital becomes increasingly difficult in an industry dominated by multi-strategy giants, according to a report
Short sellers turned defensive in October as consumer-facing companies became the most crowded trades globally, while technology names continued to attract bearish bets, according to Hazeltree’s latest Shortside Crowdedness Report.
Multi-strategy hedge fund major Balyasny Asset Management has added Wajih Ahmed, a former Goldman Sachs Vice President, top inflation trader, and former child mathematics prodigy in its London office, according to a report by Financial News London.
The Alternative Investment Management Association (AIMA) is lobbying the UK government to exempt hedge funds from upcoming climate disclosure rules that would require firms to publish detailed transition plans toward net zero, according to a report by Bloomberg.
Point72 Asset Management, the $41.5bn hedge fund led by billionaire Steve Cohen, is planning to expand into private credit, joining a growing number of hedge funds targeting longer-term, less liquid markets, according to a report by Bloomberg.
