Liquid Alternatives News

The Singapore dollar is gaining traction as a favoured currency trade for hedge funds and other option investors eyeing the upcoming US presidential election, according to a report by Bloomberg citing data from the Depository Trust & Clearing Corporation (DTCC).

Hedge funds recorded their eighth successive quarter of positive returns in Q3 2024, with funds achieving an overall weighted average return of 3.22%, a 1.09% increase on Q2, according to a new report from Citco.

Shanghai-based Power Asset Management has closed its options arbitrage strategy following significant losses amid recent market volatility, making it the latest Chinese hedge fund to be impacted by unpredictable stock movements linked to government stimulus efforts, according to a report by Reuters.

Vantage Point Asset Management is increasing its stakes in Japanese equities and the US dollar, anticipating that a Donald Trump victory in the upcoming US presidential election will boost global growth and keep inflation elevated, according to a report by Bloomberg.

Hedge funds turned bearish on the yen in the week leading up to Japan’s snap general election, as the ruling Liberal Democratic Party failed to secure a majority, potentially amplifying currency risks, according to a report by Bloomberg.

Hedge funds, asset managers, and other speculators moved into bullish dollar positions in the week ending 22 October, holding around $9.2bn in long dollar bets, according to data from the Commodity Futures Trading Commission compiled by Bloomberg.

Multi-strategy hedge fund major Millennium Management is exploring the launch of its first new fund since the company launched over three decades ago, to focus on investments in less liquid assets including private credit, according to a report by the Financial Times.

Fidelity Prime Services has formed a strategic partnership with independent fund administrator Stone Coast Fund Services, to provide an all-inclusive hedge fund solution, combining prime brokerage, fund administration, and advanced fintech services.

Hedge fund capital rose to a fourth consecutive quarterly record as the combination of election and geopolitical risks, which have dominated financial market performance throughout 2024, accelerated into Q4, according to data from HFR.

Bridgewater Associates, one of the world’s largest hedge funds, has identified the independence of the US Federal Reserve as a critical concern in the upcoming presidential election, according to a report by Reuters citing a recent Bridgewater client commentary.

Izzy Englander’s Millennium Management has decided to stick to its original $10bn fundraising goal for new hedge fund capital, despite attracting twice that level of investor interest, according to a report by Bloomberg.

Hedge funds are taking significant short positions against clean energy and green technology, a trend that could be more detrimental to the green transition than political opposition to “woke” capitalism, according to a report by Bloomberg.

Global hedge funds are showing a notable preference for stocks likely to benefit from a potential win by Republican US presidential candidate Donald Trump, according to a report by Reuters citing recent analysis by JPMorgan.

Asia-based hedge funds surged ahead of their global counterparts in the first three quarters of the year, buoyed by a strong rally in Chinese stocks last month, marking a reversal of three years of underperformance for the region’s funds, according to a report by Bloomberg.