SRV Hires New Portfolio Manager (Hedge Nordic)
Stockholm (HedgeNordic) – Danish hedge fund manager SRV Capital has strenghented its portfolio management team with the hiring of René Fischer as Portfolio Manager. Fischer worked for more than 20 years at Nordea Markets, most recently as Head of Repo trading until November 2020. “To support the current and future growth of SRV Capital, we are proud to announce that we have hired René Fischer as portfolio manager,” announces SRV Capital’s CEO, Erik Bo Hansen, who co-launched a relative-value fund focused on the Scandinavian fixed-income universe with CIO Torben Pedersen in February 2019.
Melvin Capital to Shut After Heavy Losses on Meme Stocks, Market Slump (Reuters)
May 18 (Reuters) – Melvin Capital, once one of Wall Street’s most successful hedge funds which then lost billions in the meme stock saga, will shut down after it was hit again by this year’s market slump. Gabe Plotkin, widely regarded as one of the industry’s best traders after posting years of double digit returns, told investors that the last 17 months have been “an incredibly trying time.”
How Michael Burry Could Be Right About Apple Stock (The Street)
“The Big Short” celebrity investor Michael Burry recently disclosed that he is short Apple stock. Could he be right about AAPL dipping even further from here? Famous hedge fund manager Michael Burry, the real-life character in “The Big Short”, became famous for his short position on subprime CDOs ahead of the 2008 crash. This time, he is shorting Apple stock. The bombshell news has come recently via a 13F filing released by Burry’s hedge fund.
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Caravel Capital Founding Partner to Speak at Hedge Fund Seminar (Hedge Week)
Jeff Banfield, a founding partner of Caravel Capital Investments Inc, will be the featured speaker at Secure Spectrum’s Hedge Fund Seminar in Copenhagen, Denmark, on 2 June 2022. With over 30 years of experience in the alternative investment industry, Banfield will valuable insights and his recipe for navigating the current global financial markets. Titled, The Alchemy of Risk, Opportunity, and Experience, Banfield’s talk will address the perfect storm the markets find themselves in and what history has taught him to navigate.
This Contrarian Macro Hedge Fund is Ready for a Massive Price Correction (Opalesque)
If you believe there is going to be a massive price correction and that now is the time for investors to have a hedge to beta exposure, then this contrarian macro fund is well positioned for you. Eagle’s View’s Contrarian Macro Fund Ltd seeks to capitalise on the manager’s view that asset prices have just begun a multi-year process of re-rating downward, due to global central bank regime change toward a more restrictive liquidity environment. The core strategy actively sells short securities that the CIO believes have been heavily influenced and distorted by global central bank monetary policy.
