Intelligence
Latest
Intel
Man Numeric, the quant investment arm of Man Group, the world’s largest listed hedge fund manager, is aiming to execute 100% of its high-yield and investment-grade bond trades via digital platforms within two years, according to a report by Bloomberg.
Intel
Reuben Abrams, a former portfolio manager at Singapore sovereign wealth fund GIC, is planning to launch a London-based long-short equities hedge fund by the end of 2023, according to a report by Reuters.
Intel
The Alternative Investment Management Association (AIMA), and Managed Funds Association MFA, along with four other industry bodies, have filed a law suit challenging the adoption of the new Private Funds Advisor Rules by the US Securities & Exchange Commission (SEC).
Insight
Managers up short bets as US stock market stalls
Exposure to Magnificent Seven hits record level
Bei blames foreign funds for China’s stock market rout
By Mark Kitchen
Head of Intelligence, Hedgeweek
August has a reputation as being something of a tough month for equities markets when lower trading volumes as traders and investors go on holiday, coupled with profit taking ahead of the traditional dog days of September, combine to constrain gains, and this year was no exception as both the S&P 500 and Nasdaq-100 Indices posted their first monthly declines since February.
Long-short hedge fund managers were seemingly
Intel
Multi-strategy major Millennium Management has made a big bet against América Móvil with the fund building a $320m short position in Mexican billionaire Carlos Slim’s telecoms empire amid a sharp fall in the value of the as the company’s shares, according to a report by The Financial Times.
Insight
Few hedge fund professionals have held leadership roles in the US, UK, and France. Benjamin Roy’s career has seen him lead tech teams on both sides of the Atlantic, including as head of global markets technology and operations Americas at Société Générale, and now as chief technology officer (CTO) at Paris-headquartered quantitative investment manager Capital Fund Management (CFM), where he is overseeing the evolution of the firm’s technological platform and IT teams.
Intel
Flows of new investor cash into funds managed by several Tiger Cubs – one-time protégés of Tiger Management founder Julian Robertson – have slowed dramatically after they posted some of their worst returns on record, according to a report by Bloomberg.
Intel
Hedge funds have upped their exposure to the seven biggest technology company stocks to the highest level ever seen, just as Nvidia hit an all-time individual high after exceeding revenue expectations, according to a report by Reuters.
Intel
Improving optimism for emerging market equity futures has prompted hedge funds to increase their bullish positions in the asset class to the highest level seen since the pandemic three years ago, according to a report by Bloomberg.
Intel
AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text.
