Hedge Fund Industry News
A collection of Hedge Fund latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
It's been a painful month for hedge funds. To turn it around, they are shorting U.S. stocks.
October has witnessed several crises: faltering confidence in the sustainability of the artificial-intelligence boom and chaos in the French bond market are chief among them. These adverse moves have wrong-footed the hedge-fund community and…
The hedge fund talent war might finally be slowing down
The war isn't over, but it may have peaked. Hedge funds have been fighting one another for years for top traders. The surge of assets into the industry, in particular into the people-heavy multi-strategy platforms, has given firms essentially a…
Hedge Funds Bet Big Against the Stock Market
The bad signs are piling up when it comes to where markets may be headed. Hedge funds are betting heavily against stocks this month, with bearish wagers nearing a five-year high. Goldman Sachs says its prime brokerage clients have been selling…
Hedge Funds Log Widest Daily Drawdown Since Covid in Stock Rout
Global hedge funds suffered one of their broadest declines since the Covid pandemic following the stock market selloff on Thursday, according to Goldman Sachs Group Inc. 's prime brokerage desk. “For the first time since Covid, all three…
Hedge fund returns worsen this week as tech selloff deepens
HONG KONG, New York Oct 23 (Reuters) – Global hedge funds were hit by a fresh tech reckoning this week, with major strategies posting their worst day since the COVID-era market rout. A renewed selloff in big tech stocks, driven by…
Ex-cop sped away in hedge fund's SUV after fatal George Washington Bridge road rage shooting: report
The former NYPD detective accused of shooting and killing a man on the George Washington Bridge in a horrific road rage attack sped away in a Range Rover owned by his hedge fund employer, according to a report. Victor Romero, 62, is facing charges…
Hedge Fund Short Leverage Ranks in Top 1% of Five-Year Readings
A global gauge puts hedge fund short leverage in the top 1% of its five-year readings, as October trading has shown an approximately 5-to-1 imbalance between short activity and long purchases. The 99th-percentile label compares the gauge with its…
Tax-Aware Investing: It's Not What You Earn, It's What You Keep
Zoltan Pongracz is Co-Founder and Managing Partner of Third View Private Wealth. Say you earn 15% in a high-turnover hedge fund that generates significant short-term capital gains, or you earn 15% in a tax-efficient investment. Those may…
Kalshi Courts Wall Street in Bid to Be the 'Inflation Exchange'
Kalshi Inc. is opening up a new frontier in its rivalry with traditional financial exchanges by pitching the world's largest banks and hedge funds on a futures market tied to US inflation. The New York-based firm, best known for its prediction…
Rapid Junk Rout Amplifies Arini's Losses and Erases Sona's Gains
Arini Capital Management and Sona Asset Management 's main hedge funds were pummeled in recent weeks, as a sharp decline in pockets of the junk-debt market slammed their holdings. London-based Arini's master fund lost 6.9% in the first half of…
Warning shareholders of £1 billion Scottish company risk 'sleepwalking' into a change
US hedge fund manager Boaz Weinstein's Saba Capital Management is seeking to install three individuals it has nominated to the board of Edinburgh -based Baillie Gifford US Growth Trust, of which it owns about 29%. It has tabled resolutions to…
Tech Slides on AI Fears - Tech Roundup
Shares of Meta Platforms fell by more than 7% as traders looked askance at its aggressive data-center investment plans. Investors initially embraced the Facebook owner's plan to issue a new class of nonvoting shares to fund AI infrastructure…
UK to relax post-2008 rules that hold City bosses accountable for wrongdoing
The UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing. The plans, put forward by the financial industry's two top regulators, the Bank of England and the…
Billionaire tax and trans rights: what are key state ballot initiatives in midterms?
Voters in California are considering a measure known as Proposition 40. If approved, residents of the state with a net worth of at least $1bn would face a one-time tax equal to 5% of their net assets. Service industry workers drove the initiative…
From tech giants to anonymous nonprofits, the biggest donors in US midterms
The 15 largest contributors in the upcoming US midterm elections have donated over $1.5 billion, an AFP analysis of Federal Election Commission data shows, as the race shapes up to be the most expensive midterms to date. SCROLL TO CONTINUE WITH…
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