Managers
Multistrategy hedge fund DE Shaw is raising capital for DE Shaw Diopter International Fund II as well as its counterpart, DE Shaw Diopter Fund II, according to a report by Institutional Investor citing regulatory filings.Â
Crispin Odey has disclosed a £37.1m ($47m) goodwill impairment due to the closure of London-based hedge fund firm Odey Asset Management, according to a report by Bloomberg citing a registry filing.Â
Hedge funds have decreased their net long positions on the Mexican peso by 56,709 contracts following the country’s unexpected election of Morena’s Claudia Sheinbaum, bringing the total down to 27,304 contracts, according to a report by Bloomberg.Â
Melbourne-based L1 Capital’s flagship Long Short Fund, which has delivered a 20% annual return since its inception, is banking on a swift recovery for uranium producer NexGen Energy, according to a report by Bloomberg.Â
Hedge funds and money managers have significantly increased their bearish bets against US gasoline, reaching the highest level in over five years amid growing concerns about oversupply, according to a report by Bloomberg.Â
Neil Phillips, co-founder of hedge fund firm Glen Point Capital, has been sentenced to probation instead of a two-year prison sentence for manipulating an exchange rate, partly because the victim was Morgan Stanley, according to a report by Bloomberg.Â
Billionaire hedge fund managers David Tepper, owner of the Carolina Panthers NFL team and founder of Appaloosa Management, Karthik Sarma of SRS Investment Management and Philippe Laffont of Coatue Management have reduced their positions in Meta Platforms in the first quarter of this year, according to a report by The Motley Fool.Â