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TOP STORY: Bridgewater Associates, the hedge fund major led by CEO Nir Bar Dea, has launched a new strategy that uses machine learning as the primary basis for its investment decision making process, according to a report by Bloomberg.
Intel
New hedge fund launches surged while liquidations remained steady to begin 2024 with industry assets hitting a record level of $4.3tn as fund managers positioned for growing geopolitical risk, according to the latest HFR Market Microstructure Report.
Intel
Former Segantii Capital Management trader Robert Gagliardi has been implicated in a series of block trades involving insider information from Morgan Stanley, according to a report by the Financial Times.Â
Awards
Hedgeweek has announced the winners of the Global Digital Assets Awards 2024, which recognise fund performance and service provider excellence in digital assets.
Intel
Hedge funds are shifting away from technology stocks, particularly semiconductor and chip equipment, following robust gains in Q1 2024, according to a report by CNBC citing data from Goldman Sachs’ prime brokerage.Â
Intel
Balyasny Asset Management has terminated its $250m managed account with Franck Tuil’s activist hedge fund, Sparta Capital Management, within a year of initially backing the former Elliott Investment Management trader, according to a report by Bloomberg. Â
Intel
Bobby Jain has raised $5.3bn in commitments for his new multi-strategy hedge fund, marking the largest hedge fund launch since ExodusPoint Capital Management’s 2018 debut, according to a report by Bloomberg.Â
Intel
Emerging markets hedge funds saw accelerated gains through mid-2024, according to the latest data from Hedge Fund Research.Â
Intel
TOP STORY: Bobby Jain, founder and CEO of New York-based hedge fund firm Jain Global, said that hedge funds face growing competition from private credit firms for investor capital, on a panel at the UBS Singapore Family Wealth Forum on Thursday, according to reports.Â
Intel
TOP STORY: Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled after similar pre-2008 financial crisis transactions by a major US bank, according to a report by Reuters.Â
