Digital asset investment products shed $352m last week, with trading volumes down 27%, though YTD inflows remain strong at $35.2bn, as weak payrolls failed to bolster sentiment, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
JPMorgan is set to part ways with Sean George, the high-yield trader it hired from Millennium Management in 2023. Details surrounding his departure remain unclear, including whether it was voluntary or a bank-led decision, according to a report by eFinancial
Hedge funds have ramped up short bets against Kering to their highest levels in more than a decade, adding to the challenges facing incoming chief executive Luca de Meo as he looks to turn around the French luxury group, according
Citadel’s Head of Economic Research for Fixed Income and Macro, Angel Ubide, has described the US economy and labour market as being in a “fragile equilibrium,” with long-term Treasury yields serving as a key barometer for risk assets, according to
Credit-focused hedge fund firm Beach Point Capital Management has named Joshua Baumgarten as president and Chief Investment Officer, strengthening its senior leadership team as it expands across private credit and opportunistic strategies, according to a report by Bloomberg.
Citadel founder and CEO Ken Griffin has publicly criticised President Trump’s efforts to undermine the Federal Reserve, highlighting potential risks for investors and businesses in an opinion piece for the Wall Street Journal.
Marshall Wace, a London-based hedge fund manager with more than $70bn in assets, generated positive performance across two of its key strategies in August, according to a report by Reuters citing an unnamed source familiar with the results.
Abbey Capital has launched its first UCITS fund, Abbey Capital TrendPlus, on Waystone’s MontLake UCITS platform, marking the Irish alternative investment manager’s entry into the European retail-compliant fund space.
Tomohiro Yamaguchi, the former head of Point72’s Japan operations, is preparing to launch a new Hong Kong hedge fund firm – Invictus Investment Partners – to tap into growing investor demand for Japan-focused strategies, according to a report by Bloomberg.
Macro hedge funds are increasingly turning to so-called “light exotic” options to express relative value views, with demand for index-versus-index structures climbing as correlations shift across global markets, according to a report by Bloomberg.
