Intelligence
Latest
Intel
Short positions in the gold market are falling, as money managers are increasing their speculative gross long positions in Comex gold futures, leading to the second-biggest ever short covering rally on record, according to a report by Kitco, citing data from the Commodity Futures Trading Commission.
Intel
Doug Haynes, a former President at Steve Cohen’s Point72 Asset Management until he resigned in 2018 having been named a defendant in a sexual discrimination lawsuit which was settled in 2020, is looking to raise $1bn for his new fund Norias, according to a report by Business Insider.
Intel
Mark Edwards, the Chief Executive Officer of Rokos Capital Management, is to step down from the role in the first quarter of 2023, with a small group of executives then set to share senior management responsibilities at the firm, according to a report by Bloomberg.
Intel
Itau Asset Management, a Brazil-based money manager inspired by Ken Griffin’s Citadel and Izzy Englander’s Millennium Management, has appointed Bruno Serra, a former director at Brazil’s central bank, to raise money for a new family of funds in its mulitmesas (multi-strategy) unit.
Intel
Activist hedge fund Starboard Value has begun agitating for change at News Corp, including a $7bn (£5.7bn) sell-off of the company’s online property business, having built a stake in Rupert Murdoch’s media empire, according to a report by The Guardian.
Intel
Sales of food, beverage and tobacco stocks by global hedge funds hit the fastest pace seen in 11 weeks last week, as the yields for US Treasuries surged, according to a report by Reuters, citing data from Goldman Sachs’ prime brokerage division.
Intel
The US Securities and Exchange Commission has finalised new rules that mean hedge funds will now have to report significantly more information about their short-selling activities, according to a report by Bloomberg.
Intel
Rokos Capital Management, the hedge fund firm founded by macro trader Chris Rokos, recorded a 2.4% gain for its flagship fund in September, taking YTD gains to 7%, despite double-digit losses earlier this year, according to a report by Bloomberg.
Hedgeweek has announced the winners of the inaugural APAC Digital Awards 2023, which reward excellence among fund managers and service providers in the digital assets space.
Intel
As investors adjust to the prospect of a period of higher-for-longer interest rates, they are expecting hedge funds to generate higher returns, according to a report by Reuters citing a new survey by BNP Paribas.
