Citadel’s Griffin Unsure Stock Market Rally Can Continue, CNBC Reports (Reuters)
Billionaire investor Ken Griffin, founder of U.S. hedge fund Citadel, said on Thursday that he has some doubts about the continuity of the markets rally and is concerned about the about the U.S. fiscal situation. “I’m a bit anxious that this rally can continue,” he said in an interview on CNBC. “I like to believe that this rally has legs. I’m a bit anxious. We’re sort of in the seventh or eighth inning of this rally, but part of it has been the soft landing story.”
Activist Cevian Says Firms Could Boost Value by Changing Listing (Bloomberg)
Cevian Capital AB, Europe’s largest activist firm, says enhancing shareholder value through considering a change in where a stock is listed will be a big part of its investment and restructuring campaigns in the coming years. Such arbitrage opportunities will be at the top of the firm’s agenda when evaluating investments going forward, according to Christer Gardell, managing partner and founder of Cevian. “We are looking at this everywhere, when it comes to our current portfolio but also when we consider new investments,” he said in an interview in Stockholm.
Founders of Failed Crypto Hedge Fund Three Arrows Hit With 9-Year Ban (The Wall Street Journal)
Singapore’s financial regulator has slapped a lengthy ban on the two founders of Three Arrows Capital, a hedge fund whose collapse last year fueled a wider crisis in the crypto market. Su Zhu and Kyle Davies, who ran the fund from Singapore, have been banned from conducting regulated activity in the city-state for nine years. They can’t take senior positions at capital markets firms, or be major shareholders. The two former schoolmates founded the crypto hedge fund around a decade ago, and claimed to have around $3 billion in assets under management last April. Just a few months later, the firm went into liquidation.
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Hedge Fund Walleye Hires Energy Traders, Plans Dubai Office (Gulf News)
Dubai: Multi-strategy hedge fund Walleye Capital has made a string of hires to bulk up its energy trading capabilities and plans to open an office in Dubai as part of an ongoing expansion. The US firm appointed Raj Sethi earlier this year as head of global macro and fixed income, a role that includes overseeing commodities, according to people familiar with the matter who asked not to be identified because they weren’t authorized to speak publicly. Sethi was previously with Cravas Capital.
‘It has a Sniff of AMP’: Totus Takes Profit on Qantas short Bet (AFR.com)
Totus Capital says it has successfully shorted Qantas shares and that the airline, which is facing allegations it sold thousands of tickets on flights that had already been cancelled, had a “sniff of AMP” to it. The long short hedge fund which manages about $210 million of assets had previously told investors it was betting against the airline after identifying it had as an “over-earner” earlier in the year.
