20 Jun 2024
Crypto hedge funds' bitcoin exposure hits lowest level since 2020
Crypto hedge funds have dramatically reduced their bitcoin exposure to levels not seen since October 2020, according to a report by The…
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Bayview AM’s trades with lenders modelled on pre-GFC transactions
Earlier this year, Bayview Asset Management structured two re-securitisation trades worth $642m, the structures of which were modelled…
19 Jun 2024
Hazeltree hires senior pre-sales director
Hazeltree, a provider of active treasury and intelligent operations technology for the alternative asset industry, has appointed Paul Yates…
21Shares names Head of US Business
21Shares US, an affiliate of 21Shares, a global issuer of crypto exchange traded funds, has appointed Federico Brokate as Vice President,…
Hedge funds double down on 'Long Magnificent Seven' trade
The 'Long Magnificent Seven' trade, a strategy focused on mega-cap US technology companies, is the most crowded trade for the 15th…
Sona AM raises $800m for second capital solutions fund
Sona Asset Management, a London-based alternative asset manager investing across credit, has successfully raised $800m for its second…
M&A hedge funds outperform with 7.7% return, says Goldman Sachs
Hedge fund managers focusing on mergers and acquisitions have outperformed those using other strategies, achieving a 7.7% return in the…
Point72 AM to launch $1bn AI-focused hedge fund
Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s…
18 Jun 2024
Hedge funds exercise caution on equities amid bullish forecasts
While Wall Street strategists are bullishly raising their targets for the S&P 500 Index, hedge funds are exercising increased caution…
AQR Capital praises convertible arbitrage revival amid high-rate environment
Cliff Asness’s AQR Capital Management has touted the resurgence of convertible arbitrage, a niche strategy that capitalises on debt…
Deutsche Bank faces exodus of rates traders to hedge funds and trading firms
Deutsche Bank’s rates trading team in London faces a new wave of traders exiting the firm to hedge funds and trading firms, a trend…
Geopolitical uncertainty hits carry trade strategy
Strategists at TD Securities have observed that the unwinding of the carry trade—a strategy where investors exploit interest rate…
Hedge fund manager Philip King shorts Commonwealth Bank of Australia
Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to…
ExodusPoint adds Fulcrum AM’s deputy CIO
ExodusPoint Capital Management, the $12bn multi-strategy hedge fund firm founded by Michael Gelbrand, has appointed Nabeel Abdoula as a…
17 Jun 2024
Tidan Capital names head of systematic strategies
Swedish hedge fund firm Tidan Capital has added Linus Nilsson as partner and head of systematic strategies, as of 1 July. In his new role,…
