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Hedge funds

Hedge funds
News and analysis about these pooled investment funds that are usually mandated to make extensive use of complex trading, portfolio, risk management techniques, including short-selling, algorithmic transactions, leverage and derivatives. Hedge funds usually have a higher barrier to entry, and promise higher returns for higher risk. They are also usually subject to different risk-management regulations.
last updated:
9 September, 2024
Billionaire hedge fund titan and Milwaukee Bucks co-owner Marc Lasry. Photo: Getty Images
Millionaires and billionaires

Meet Marc Lasry, the Milwaukee Bucks co-owner being sued by a former employee

Lasry moved to the US as a child and once shared a room with his 2 sisters – now he’s the epitome of the American dream; but he’s counter-suing a former employee for extortion after she claimed harassment.

Artificial intelligence

Meet DeepSeek: the Chinese start-up that is changing how AI models are trained

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Artificial intelligence

Chinese start-up DeepSeek’s new AI model outperforms Meta, OpenAI products

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United States

Opinion | An America awash in global capital risks spreading financial instability

Free capital flows accelerate economic growth but can also be destabilising, spreading jitters via financial markets.

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Traders work on the floor of the New York Stock Exchange on November 7, a day after the S&P 500 and Nasdaq Composite closed at all-time highs. Photo: Getty Images via AFP
Hong Kong property

Exclusive | World’s largest hedge fund CIO buys HK$95 million home in Hong Kong

Bridgewater Associates’ co-CIO Bob Prince paid HK$95 million for a three-bedroom home at St. George’s Mansion in Ho Man Tin.

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Banking & finance

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Banking & finance

Asia hedge funds outperform global peers on September rally

September gains near 5 per cent pushed Asia fund returns to 9.7 per cent for the first nine months, above the global average.

People walk on a pedestrian bridge that displays the stock prices from the Shanghai and Shenzhen exchanges on September 27, 2024 in Shanghai. Photo: Getty Images
Banking & finance

Steady fund flows have bolstered Hong Kong’s financial hub status: SFC

Hong Kong-domiciled funds saw net fund inflows of HK$33 billion (US$4.2 billion) in the first quarter, following a 93 per cent jump last year, the SFC data showed.

Banking & finance

Chinese companies fuel convertible bond surge, likely ‘precursor’ to IPO rush

Alibaba, JD.com, Trip.com and Lenovo Group have led a combined US$10.5 billion in convertible bond offerings in the past two weeks.

China stock market

Investing in China ‘desirable’ despite risks, says hedge fund giant Ray Dalio

The billionaire founder of the world’s largest hedge fund Bridgewater Associates said investing in China is a good idea despite the risks, because Chinese assets are cheap and can help balance portfolios.

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‘Diversification and investment in China is desirable,’ Dalio said in a virtual presentation at the Greenwich Economic Forum in Hong Kong. Photo: Jiaxing Li
China stock market

‘Father of emerging markets’ Mark Mobius turns bullish on China stocks

The legendary investor has changed his view on China stocks as he believes the country’s recent property support measures will restore confidence. A recent trip to the south of the country also helped change his mind.

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The 87-year-old fund manager, who last month said China stocks ‘not attractive’, now believes they are ‘beginning to look good’. Photo: SCMP Pictures
China stock market

Bad timing? Hedge fund Bridgewater misses bull run, ditching Chinese stocks

Bridgewater Associates, the world’s biggest hedge fund slashed its holdings drastically in the first quarter in a move may have been too hasty and caused it to miss out on the recent bull run.

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Banking & finance

Asia-Pacific investors eye private assets despite inflation, high borrowing costs: State Street

High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, State Street says.

Banking & finance

China’s market watchdog to demand more accountability in fund rules overhaul

Role of fund managers will be strengthened as cost of rule violations increases ‘substantially’, a lawyer says, while Goldman Sachs predicts higher ‘quality premium for large-cap stable growers’.

A Chinese national flag flutters outside the China Securities Regulatory Commission building on Financial Street in Beijing, on July 9, 2021. Photo: Reuters
China stock market

UK fund manager M&G seeks China toehold as local investors eye diversification

‘There is an increasing demand for diversification from domestic Chinese customers,’ says Joseph Pinto, CEO of London-based money manager M&G Investments.

CEO Joseph Pinto says customers in China are looking for diversification. Photo: Yik Yeung-man
China stock market

China punishes hedge fund as it broadens crackdown on quant trading

Regulators slapped a trading suspension and fines on Shanghai Weiwan Private Fund Management for high-frequency trading in index-futures contracts, signalling that a crackdown on quantitative investments has widened to financial derivatives.

China stock market

‘Quant quake’: Man Group says China stock market rout mirrors 2007 US meltdown

China’s recent ‘quant quake’ has revealed systemic financial risks as a series of interconnected events and highlights the perils of crowding and leverage, hedge fund manager Ziang Fang says.

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Banking & finance

Hedge funds cap bumper year for profits with TCI, Citadel leading pack

TCI Fund Management topped the rankings with a profit of US$12.9 billion, followed by Citadel at US$8.1 billion, according to estimates by LCH Investments. The industry made US$218 billion after fees.

The hedge fund industry’s top 20 firms, which oversee less than a fifth of the sector’s assets, generated US$67 billion or roughly a third of the gains last year. Photo: Shutterstock
US Politics

My Take | How to make serious money and misbehave in the US

The sense of entitlement of a hedge fund star and the stellar investment records of members of the US Congress are further evidence that crony capitalism is too polite a term.

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Millionaires and billionaires

Move over, Mar-a-Lago: billionaire Ken Griffin’s epic property portfolio

Citadel exec Ken Griffin manages over US$60 billion and is the 36th richest person in the world – now he’s building the biggest estate in Florida, which will dwarf Donald Trump’s signature resort

China stock market

Chinese hedge fund High Flyer Quant suspends founder citing risk to reputation

High-Flyer Quant, a leading Chinese hedge fund manager, has suspended its co-founder and senior executive Xu Jin from work due to his ‘improper handling of a family matter’.

People walk past the Shanghai Stock Exchange building in August 2023. Photo: EPA-EFE
China stock market

Vocal Chinese hedge fund urges Beijing to stabilise market, overcome stock bears

China’s star hedge fund has called on Beijing to intervene in its stock markets and restore investor faith, which has been dampened by outflows in the past two months after a barrage of weak economic data soured risk appetite.

A man walks on the street, in front of the large screen displaying the latest stock exchange data, in Shanghai, China. Photo: EPA-EFE
Banking & finance

Macroscope | Not just China, the world is at risk of hidden debt and financial shocks

Why is a spotlight focused on everything “bad” in China while adverse developments elsewhere are treated as though they were happening on the dark side of the moon?

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Banking & finance

UBS fined US$387 million over Credit Suisse misconduct, US Federal Reserve says

The Fed and Bank of England fined UBS on Monday over Credit Suisse’s failure ‘to adequately manage’ the risk posed by US family investment fund Archegos. Swiss regulators pushed UBS to take over former rival Credit Suisse earlier this year.

Banking & finance

In nickel traders vs LME, lawyers spar over US$12 billion in cancelled trades

Judicial review of London Metal Exchange’s decision to cancel trades in March 2022 has potential to dramatically reshape how bourses respond to extraordinary market events in the future.

Illustration by Lau Ka-kuen
Banking & finance

LME faced ‘death spiral’ had it failed to act during nickel chaos: lawyer

The London Metal Exchange was forced to step in to stabilise the nickel market in March 2022 as chaos in the market put several members at risk of default and would have depleted the bourse’s fund to close out defaulted members’ positions, the bourse’s lawyer said.

Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in February 2022. Photo: Bloomberg
Banking & finance

LME lacked senior staff monitoring trading as nickel prices spiked: Jane Street

HKEX-owned bourse made ‘irrational’ decision to cancel trades amid nickel market chaos on March 8, 2022, Jane Street lawyer said.

China stock market

Shanghai Banxia, a leading Chinese hedge fund, unwinds bet on property rebound

Shanghai Banxia Investment’s flagship Banxia Macro Fund posted its biggest monthly loss since at least 2018, with company now expecting China’s property sector to bottom out in the first half of next year.

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