President Donald Trump's handling of the coronavirus outbreak early this year was "an incredible gift" for investors because it kept markets stable long enough for some to protect their portfolios, Axon Capital co-founder Dinakar Singh told investors this month.
LONDON Hedge funds have stopped buying oil in recent weeks as the rally that carried prices higher during May and June has run out of momentum, amid concerns about the faltering economic recovery.
LONDON London-based Lansdowne Partners is closing its main hedge fund, a long-short strategy that manages $2.8 billion in assets under management, a person familiar with the matter told Reuters.
LONDON Rothschild & Co Asset Management Europe plans to transfer its entire hedge fund business worth 350 million euros (£315 million) to global asset manager Candriam, a spokeswoman representing both companies told Reuters on Monday.
LONDON Coatue Management and nine other hedge funds likely earned more than 1.5 billion euros (£1.4 billion) this week on bets against Wirecard after the German payments firm collapsed on Thursday.
U.S. companies that spend more on social and environmental causes, such as sustainability or charitable donation programs, are more likely to attract hedge funds that challenge their strategy and board, according to a new academic study.
LONDON Hedge funds started to realise some profits and anticipate a pull back in crude prices, especially in the United States, after a strong rally saw prices double in less than two months.
SHANGHAI/HONGKONG As the novel coronavirus swept the world this year, Chinese hedge fund manager Yuan Yuwei made lucrative short-selling bets against stocks such as New York-listed Starbucks Corp , Yum China Holdings Inc and Walt Disney Co .
LONDON Some hedge funds that bet against a series of Greek and Italian companies are nursing losses after the European Union's breakthrough plan for a 750 billion euro (£673 billion) recovery fund sent stock markets surging across southern Europe.
LONDON Hedge funds have started to temper their bullishness towards oil after crude futures prices have doubled since late April.
Remote medicine company Teladoc Health Inc has agreed to acquire chronic care provider Livongo Health Inc for $18.5 billion, seeking to expand its offerings amid a boom in virtual healthcare spurred by the coronavirus pandemic.
BENGALURU Indian shares ended flat on Friday as domestic coronavirus cases topped two million, taking the shine off market optimism following the central bank's relief measures for the economy.