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Hedge funds are entering September with a defensive stance on US equities, keeping leverage muted and avoiding the latest market rally despite expectations of a Federal Reserve rate cut later this month, according to a report by Reuters citing research from Goldman Sachs and Morgan Stanley.
Intel
Hedge funds are stepping up wagers that the Japanese yen is poised to break higher against the US dollar, after weeks of trading in a tight range around 147/USD, according to a report by Bloomberg citing recent data from derivatives exchange operator CME Group.
Intel
TOP STORY: New York-based hedge fund ValueWorks has significantly increased its stake in Danish offshore wind developer Orsted A/S, seizing on this week’s record share price slump as a buying opportunity, according to a report by Bloomberg.
Insights Report
The hedge fund industry faces a strategic paradox: operational diversification that delivers resilience but creates inefficiency. This report based on our comprehensive research with 100+ hedge fund managers, reveals an industry at an inflection point. While 70% haven’t altered prime arrangements in two years, mounting operational friction demands a strategic response.
Intel
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 year, according to a report by Bloomberg.
Intel
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.
Intel
An affiliate of Elliott Investment Management has emerged as the frontrunner in the high-stakes auction of Citgo Petroleum’s parent company, PDV Holding, after submitting an improved offer that now tops a rival $7.4bn bid from Gold Reserve’s Dalinar Energy, according to a report by Reuters.
Intel
Hedge funds, including Marshall Wace and Millennium, are stepping up bearish wagers against Europe’s automotive sector, as carmakers and suppliers face mounting pressure from US trade tariffs and intensifying competition from Chinese rivals, according to a report by the Financial Times.
Intel
The BlackRock Investment Institute has recommended its largest-ever boost to hedge fund allocations, advising institutional investors to add up to 5 percentage points more to the asset class compared with pre-2020 levels, according to a report by the Financial Times.
Intel
Medtronic plc has announced key board appointments and governance initiatives designed to advance strategic priorities and enhance shareholder value, following “constructive engagement” with activist hedge fund firm Elliott Management.
