Fears over possible US Federal Reserve action prompted the largest digital investment product weekly outflows of $1.43bn last week, the largest weekly total since March, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
A hot arbitrage trade has propelled Chow Tai Fook Jewellery Group Ltd into the ranks of Hong Kong’s most heavily shorted stocks, with hedge funds piling in after the jeweller’s first major fundraising since its 2011 IPO, according to a
Sona Asset Management is preparing to appoint Cheyne Capital’s David Hill as its new Chief Financial Officer, replacing departing CFO Iain Colquhoun, according to a report by Reuters citing an unnamed source familiar with the matter.
Numerai, the San Francisco-based quantitative hedge fund backed by Paul Tudor Jones, has secured up to $500m from JPMorgan Asset Management – a commitment that will more than double the firm’s assets under management to nearly $1bn over the next
Fivespan Partners, the activist investment firm launched last year by Dylan Haggart and Sarah Coyne, has disclosed a new stake in The New York Times Company and is urging the publisher to embrace artificial intelligence as a catalyst for growth,
Brevan Howard Asset Management has agreed to sell a minority stake to Abu Dhabi-based Lunate, alongside a $2bn capital commitment to a new investment platform in the emirate’s ADGM free-zone, according to a report by Bloomberg.
Hedge fund Windward Management has launched an activist campaign at Canadian movie theatre chain Cineplex Inc, urging the company to pursue aggressive share buybacks, divest non-core assets, and prepare for a potential outright sale, according to a report by Bloomberg.
Sainsbury’s has overtaken all other listed companies to become the most shorted stock in the UK, with hedge funds betting heavily against the supermarket amid mounting concerns over an industry-wide price war, according to a report by the Telegraph.
Hedge funds have pared back bullish bets on crude to their weakest level in 17 years, amid mounting concerns that supply will soon outstrip demand, according to a report by Bloomberg citing data from the Commodity Futures Trading Commission (CFTC).
Joe Arcadi, a former Portfolio Manager in hedge fund Walleye’s now disbanded credit team in its Stamford, Connecticut office, has joined Bank of America in New York as a Macro Credit Trader, according to a report by eFinancial Careers citing
