Shipping Hedge Fund Boss Says Industry Set for Another Boom Year (Economic Times)
A shipping hedge fund founded by a one-time ally of oil tanker billionaire John Fredriksen says the industry is set for another boom year because of the reopening of China’s economy and a lack of fleet expansion. Tor Svelland, founder of Svelland Capital Ltd., a hedge fund that focuses on commodities and freight markets, says the ingredients are there for a strong year for the ships that keep the global economy running — possibly even a record one.
The World’s Largest Hedge Fund Recently Loaded Up in This Sector (The Motley Fool)
Bridgewater Associates, the hedge fund previously run by legendary investor Ray Dalio, is the largest hedge fund in the world with more than $235 billion in assets under management. Needless to say, Bridgewater has had tremendous success since it was founded in 1975. Recently, the fund reported its 13F filing, which details the stocks it bought and sold in the fourth quarter of 2022. While Bridgewater owns hundreds of stocks, it is clear the hedge fund bulked up in one sector in particular in the fourth quarter.
Hedge Fund Millennium Hired Goldman Sachs’ ‘People Product’ Guy (eFinancialCareers)
As we’ve reported here before, members of Goldman Sachs’ people analytics team who use technology to track the performance of the firm’s staff are proving popular elsewhere. Morgan Stanley poached Julie Zide-Mandel, Goldman’s MD and head of people analytics in November. Now, hedge fund Millennium has been spotted hiring from Goldman’s HR tech team too. Millennium recruited Robert Wininger from Goldman to work in its New York office as global head of HR product management and reporting.
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3AC Liquidators to Sell Multimillion-Dollar Portfolio of Seized NFTs (CoinDesk)
Teneo, the liquidator for the bankrupt crypto hedge fund, has listed out hundreds of NFTs that are subject to a forthcoming sale. Teneo, the liquidator for bankrupt crypto hedge fund Three Arrows Capital (3AC) has published a notice outlining its intent to sell an expansive list of non-fungible tokens (NFT) estimated to be worth millions of dollars. The Singapore-based firm filed for bankruptcy in July and estimated its assets at around $1 billion, according to a document obtained by The Block. The filing reportedly noted that assets included NFTs worth about $22 million.
Jupiter Fund’s Clients Pull £3.5 Billion in Fifth Year of Outflows (Bloomberg)
Jupiter Fund Management PLC shares surged the most in almost three years as it surprised analysts with client inflows in the last six months of 2022. The London-based asset manager said that while flows last year were a negative £3.5 billion overall there was a marked improvement in the second half with £100 million of inflows, according to a statement Friday. Analysts were expecting annual outflows to be £4.9 billion, according to a consensus poll by Bloomberg.
