Intelligence
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Intel
Steve Cohen’s Point72 Asset Management is planning to raise approximately $1bn for a new hedge fund focusing on AI, marking the firm’s first new hedge fund in decades, according to a report by Bloomberg.Â
Intel
Philip King, CIO at Regal Funds Management, has initiated a short position in the shares of Commonwealth Bank of Australia, pointing to what he describes as one of the world’s most expensive valuations, according to a report by Bloomberg.Â
Intel
Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC rules, for strategic access to the Fifth US Circuit Court of Appeals in New Orleans, according to a report by Bloomberg.Â
Intel
Aaron Weiner, formerly of Coatue Management, is set to establish his own hedge fund with substantial backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.Â
Intel
The US Securities and Exchange Commission has imposed its first significant penalty as part of an extensive investigation into activist short sellers, fining Anson Funds Management and Anson Advisors a combined $2.5m, according to a report by Bloomberg.
Insights Report
June 2024 | Operational risk management: three words never far from the mind of every ops leader in the hedge fund industry. Preparing for the unexpected has always been challenging in such a complex and fast-moving sector, and the pace of change is only accelerating as technology advances, working practices evolve and new regulations emerge. This data-driven Hedgeweek report, sponsored by Derivitec, provides valuable intelligence and context to hedge fund COOs and other ops professionals.
Intel
Chinese regulators are considering the introduction of stricter rules on how banks distribute financial products to the public, potentially severing a crucial distribution channel for some of the country’s largest hedge funds, according to a report by Bloomberg.
Intel
Singapore authorities are intensifying scrutiny of hedge funds and family offices, requiring more information while stepping up the closure of dormant firms after a series of scandals exposed weaknesses in the oversight of the city state’s financial sector, according to a report by Bloomberg.
Intel
Led by directional equity hedge and event-driven strategies, the HFRI Fund Weighted Composite Index advanced 1.3% in May, with additional positive contributions from relative value arbitrage strategies offsetting a decline in macro strategies.
Intel
A number of energy-focused hedge funds including Cayler Capital and Northern Trace Capital posted losses last month amid low volatility in global oil markets which presented challenges for traders and algorithmic strategies, according to a report by Bloomberg.
