Leading commodity trading houses are generating multi-billion-dollar profits as the conflict in Iran triggers extreme volatility across global energy and metals markets, though executives warn conditions remain highly uncertain, according to a report by Bloomberg.
After spending 21 years as CIO at Fulcrum Asset Management, Suhail Shaikh is accustomed to the dynamics of different regimes. Over this time Fulcrum has transitioned from a large macro fund to a multi-investment platform spanning different asset classes.
Magnum Ice Cream Co has become one of Europe’s most heavily shorted stocks, as hedge funds position against the company on concerns over weakening demand, margin pressure and shifting consumer behaviour, according to a report by Bloomberg.
Millennium Management is set to allocate capital to a departing senior quant researcher from Jump Trading Group, highlighting its continued push to back external talent alongside its multi-manager platform, according to a report by Business Insider.
Taiwan’s once-robust market for US dollar-denominated convertible bonds has lost momentum after changes to currency hedging dynamics undermined a widely used hedge fund trade, according to a report by Bloomberg
Saba Capital Management has demanded the resignation of the board of Impax Environmental Markets, marking a further escalation in its broader activist campaign across the investment trust sector, according to a report by ThisIsMoney.
Jain Global, the multi-strategy hedge fund founded by Bobby Jain, has stepped up hiring in its London office, adding several senior quantitative specialists in recent months as it develops its data-driven trading platform, according to a report by eFinancial Careers.
Proxy adviser Glass Lewis has recommended that shareholders of WEX support two of the three director nominees put forward by activist investor Impactive Capital, signalling support for limited board change while stopping short of endorsing a full overhaul, according to
A long-serving former partner at Davidson Kempner Capital Management claims he was forced out of the firm after raising concerns internally, and is now pursuing legal action to obtain documents supporting his allegations, according to a report by Bloomberg.
The Bank of Japan has cautioned that growing involvement by overseas hedge funds in Japanese fixed income markets could amplify the impact of global market shocks on domestic assets, according to a report by Bloomberg.
