FIFTHDELTA, the $1.5bn hedge fund founded by former Citadel portfolio managers Niall O’Keeffe and Tio Charbaghi, generated an 8.6% return in July, capitalising on sharp market swings that caught many technology-focused managers off guard, according to a report by Bloomberg.
Hedge fund giant DE Shaw is expanding its private markets platform with the launch of a second dedicated venture and growth equity vehicle, underscoring the firm’s continued push beyond traditional hedge fund investing, according to a report by Institutional Investor.
Indonesia’s sovereign wealth fund Danantara is preparing to make its first allocations to hedge funds later this year, with plans to appoint a small group of managers to oversee separately managed accounts as it broadens its exposure to alternative investments,
US Treasury Secretary Scott Bessent is drawing on his hedge fund background as he takes an unusually active role in supporting Japan’s efforts to stabilise the yen, adopting a market-focused approach that observers say differs markedly from that of his
Asia-focused hedge funds suffered widespread losses in July as a sharp reversal in AI-related stocks triggered what Goldman Sachs’ prime brokerage business described as the worst month on record for regional equity long-short managers, according to a report by Bloomberg.
Japan and the US are likely to repeat their coordinated current market intervention if the yeh comes under renewed pressure, according to a report by Bloomberg citing comments from former Boan of Japan official Atsushi Takeuchi.
Macro hedge fund Tudor Investment Corporation has hired Mizuho Bank’s former head of fixed income strategy, Jordan Rochester, as it continues to expand its investment capabilities in the Middle East, according to a report by Bloomberg.
The closure of Roscommon Analytics’ US natural gas trading business is creating fresh recruitment opportunities across the hedge fund, banking and commodities sectors, with several former members of the team already joining rival firms, according top a report by eFinancial
Millennium Management managed, by Izzy Englander (pictured) posted a 2.1% loss in July as the sharp reversal in artificial intelligence and semiconductor stocks dented equity portfolios across the hedge fund industry, according to a report by Bloomberg.
Japan’s activist investing market is entering a more challenging phase, with hedge funds finding it increasingly difficult to unlock value after several years of strong returns driven by sweeping corporate governance reforms, according to a report by Bloomberg.
