Intelligence
Latest
Intel
TOP STORY: 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.
Intel
Point72 Asset Management, owned by billionaire Steve Cohen, plans to return between $3bn and $5bn to investors after achieving significant profits, according to a report by Bloomberg.
Intel
Singapore-based hedge fund Modular Asset Management, a spinoff of Millennium Management, is set to establish a presence in Hong Kong, reflecting the city’s ongoing efforts to solidify its status as a global financial hub, according to a report by Bloomberg.
Intel
Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
