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Hedge funds have shifted their focus toward European consumer discretionary stocks, particularly luxury goods, while betting against companies exposed to potential US tariffs, according to a report by Reuters citing a Goldman Sachs note released this week.
Insights Report
As markets wrestle with an economy that has defied conventional wisdom, hedge funds stand at a fascinating crossroads. The return of Donald Trump, elections in over 60 countries and persistent geopolitical tensions have created a potent mix of uncertainty. With global interest rates still high and growing dispersion beneath the surface of major markets, this report shares the insights of leading voices from across the industry on navigating what could be a new golden era for active management.
Intel
US activist hedge fund Saba Capital has suffered a setback in its campaign to shake up the UK’s closed-ended investment trust sector, as shareholders of Herald Investment Trust decisively rejected its proposal to replace the board, according to a report by the Financial Times.
Intel
Global macro trading hedge fund firm Brevan Howard Asset Management has reduced its global trading workforce by approximately 7%, impacting about a dozen traders across its offices in New York, London, and Abu Dhabi, according to a report by Bloomberg.
Intel
The Edinburgh Worldwide Investment Trust (EWIT) has labelled a campaign by US hedge fund Saba Capital as an “existential threat”, and is urging investors to oppose the hedge fund’s plan to oust its board and install its own nominees, according to a report by ThisIsMoney.
Intel
Chinese hedge fund managers are rapidly introducing products modelled after Bridgewater Associates’ renowned “All Weather” strategy to meet surging investor demand for tools to navigate potential volatility anticipated under Donald Trump’s second US presidency, according to a report by Reuters.
Intel
Steven Cohen’s Point72 Asset Management has achieved a 14% gain with its newly launched artificial intelligence (AI)-focused fund, reaching nearly $1.5bn in assets within just three months, according to a report by Reuters citing sources familiar with the matter.
Intel
Ken Griffin’s Citadel has raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.
Intel
During a stellar year for cryptocurrencies, hedge funds specialising in digital assets also posted strong performances – but many still fell short of matching the returns of the industry’s flagship token, bitcoin, according to a report by Bloomberg.
Intel
Global hedge funds ramped up their bets against US stocks in the week leading up to 9 January, anticipating a strong US jobs report that triggered a Wall Street sell-off, according to a report by Reuters citing notes from Morgan Stanley and Goldman Sachs.
