Clouds are gathering over the outlook for the oil market, as trade tensions and rising crude supply threaten to swamp demand growth, but some of the world's most prominent energy investors are convinced the price will return to record highs.
Shares in British hedge fund firm Man Group rose more than 5 percent on Wednesday after it generated higher returns from fees and saw assets under management climb by 4.2 percent in the first half.
Struggling for returns this year, hedge funds are throwing caution to the wind, building up record bets on higher U.S. Treasury yields across the curve and increasingly large bets on a stronger dollar.
Not everyone buys into the view that the marathon U.S. economic expansion has enough momentum left to warrant interest rates and yields going much higher, but one group of investors is going all in: hedge funds.
At least three top staff recently left London-based hedge fund firm MarkhamRae, which has underperformed its peers and saw three of its biggest investors pull out almost $300 million.
Hedge funds raised their bets last week on a flatter U.S. yield curve and a stronger dollar. Their bond bet shows signs of coming good as the yield curve moves towards inversion, but their FX wager? Not so much.
U.S. hedge fund Tiger Global has built a stake worth over $1 billion (757 million pounds)in SoftBank Group Corp as it considers the Japanese firm undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent.
A record slide in the Chinese currency in June has paid rich dividends for some of the world's top macro hedge funds, though they say those trades do not reflect growing bets on an economic crash.
Growing up in Germany, Mark Schneider was pushed to become fluent in English by his father, who believed it would give him an edge.
Renowned global hedge fund managers Bridgewater Associates LP and Winton Group Ltd have had registrations to launch products in China accepted at a time of turbulence in capital markets, reflecting a change in the government's stance toward such foreign funds.
ALEXANDRIA, Va. In a break with convention, President Donald Trump weighed in on a criminal trial as the jury considered a verdict on Friday, calling the tax and bank fraud case against Paul Manafort "very sad" and lauding his former campaign chairman as a "very good person."
