The Hedgeweekender | Man Group gets new CEO, Twoquants gets serious, FourSixThree buys CS CDS
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This week in hedge fund world?
?? Europe’s largest hedge fund firm is to have its first female boss. Man Group president Robyn Grew is to replace Luke Ellis as CEO.?Read more?
?? Hedge funds including FourSixThree Capital and Diameter Capital have been buying Credit Suisse CDS – betting the write down of its AT1 bonds will trigger a payout. Read more
?? That growing short position on US Treasury futures? A report says it’s due to hedge funds betting on the spread between the futures and their underlying assets.?Read more?
?? Multi-strats Citadel and Balyasny are both recruiting in Hong Kong and – surprise, surprise – they’re looking at Goldman Sachs and JPMorgan talent.?Read more
?? Veteran UK-based hedge fund manager Sushil Wadhwani has warned that the US Congress is so divided it may require a market shock worse than 2011 to get an agreement.?Read more
?? And finally – the duo behind blogging website Twoquants.com are putting their money where their mouth(piece) is. They’re launching a hedge fund.?Read more?
The week in numbers??
?? 180 – hedge fund launches YTD, described as the lowest level seen since 2017 by Reuters, citing information from data services provider Preqin.?Read more
领英推荐
?? +0.4% – hedge funds posted gains in April as managers navigated the banking turmoil and accelerating market volatility, according to HFR.?Read more
?? -20% – shares in Carl Icahn’s hedge fund slumped on Wednesday after the firm revealed federal prosecutors had requested documents the day after Hindenburg Research revealed its short position.?Read more?
?? 87% – nearly nine in ten hedge fund firms are looking to increase outsourcing due to high employee turnover and increased labour costs, according to a new report from Agio.?Read more
Latest Hedgeweek research?
Advances in?AI,?alt data, and more could make 2023 a pivotal year for hedge funds. Learn why in?Hedgeweek’s latest research report,?Turning Point: The New Technologies Helping Hedge Funds Evolve.
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