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TOP STORY: A growing number of traditional hedge funds are venturing into the world of cryptocurrencies, with nearly half now having exposure to digital assets, according to a new survey by the Alternative Investment Management Association and PwC.
Awards
Hedgeweek has announced the winners of the US Awards 2024, which recognise excellence among fund managers and service providers in the US across a wide range of categories. The awards were presented at an exclusive ceremony and networking event on 10 October, at The Penn Club, New York.
Intel
Two former Pfizer executives have stepped back from hedge fund Starboard Value’s campaign to push for changes at the pharmaceutical giant after previously advocating for the activist investor’s efforts, according to a report by the Financial Times.
Intel
Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Intel
Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the Wall Street Journal.
Intel
Hedge funds shifted to a bullish stance on the yen just before dovish comments from Japan’s new prime minister and strong US employment data triggered the worst weekly decline for the currency since late 2009, according to a report by Bloomberg.
Intel
Emerging markets hedge funds extended gains through Q3 2024, as managers positioned portfolios to navigate shifting geopolitical risks, fluctuating interest rates, and global economic uncertainties, according to data from HFR.
Intel
Australia’s sovereign wealth fund the Future Fund’s allocation with Man Group Plc – the world’s largest listed hedge fund – shrink by approximately AUD1.5bn ($1bn) in the first half of 2024, according to a report by Bloomberg.
Intel
Global hedge funds ramped up their purchases of Chinese stocks last week, spurred by Beijing’s unexpectedly wide-ranging package of economic stimulus measures, resulting in the strongest week of acquisitions on record, according to a report by Reuters.
Intel
China’s quantitative hedge funds are grappling with increased margin pressures as the country’s largest stock market rally in over a decade continued during trading on Monday, according to a report by Bloomberg News.
