D. E. Shaw Expands in India as Other US Hedge Funds Ramp Up Hiring (Reuters)
U.S. hedge fund heavyweight D. E. Shaw is opening two offices in India, the company said on Tuesday, joining rivals Millennium and AQR Capital Management which are also expanding in the country. D.E. Shaw, which manages more than $60 billion, is opening offices in the cities of Bengaluru and Gurugram, adding over 300 employees in total, Eddie Fishman, a member of D. E. Shaw’s executive committee, said in a statement.
Hedge Fund Titan Marshall Warns Real Estate Is Next Shoe to Drop (Bloomberg)
Commercial real estate could face the next crisis of confidence after last month’s jitters in the banking system, according to Paul Marshall, who leads one of the world’s biggest hedge fund firms. While the collapse of Silicon Valley Bank was swiftly contained, it has pushed lenders into “self preservation mode,” the Marshall Wace founder said in a letter to investors this month, a copy of which was seen by Bloomberg.
How Some City Hedge Funds Outpaced Bigger Rivals as Banking Crisis Hit (Financial News)
London-based hedge funds posted mixed returns in the first quarter with bigger firms particularly battling in the wake of the banking crisis and volatile bond markets. Chris Rokos’ £15.5bn macro hedge fund fell by more than 11% through 24 March after its bets on US government bonds went wrong, a source familiar with the matter told Financial News. City hedge fund Marshall Wace, which manages $61bn in assets, saw its flagship Eureka fund losing roughly 1% through 31 March, according to a person with knowledge of the matter.
Rawpixel / shutterstock.com
Crypto Bull Market Officially Coming, According to Morgan Creek’s Mark Yusko – Here’s His Timeline (The Daily Hodl)
The founder and CEO of crypto hedge fund Morgan Creek Digital, Mark Yusko, believes that a bull market is a couple of weeks away from starting. In a new Blockworks Macro interview, Yusko says that “crypto summer” will formally kick off early next month. “I’m officially declaring three weeks from Tuesday [April 18th], this coming Tuesday, is the official start of crypto summer. That also happens to be my birthday, but that’s going to be the official start of crypto summer.”
EUR/CHF Forex Trend Following trade Idea: How to Play the Long Term Trend Accelerating Lower (FX Street)
According to AQR the quantitative hedge fund and Yale University, over the past 100 years markets moved in trends. Trends are successive upwards and downwards movements in price that occur at a greater frequency than would be predicted by randomness alone. The following trade idea is a trend following trade idea which takes the assumption that the market will continue moving in the way it has over the previous sessions. Trend Trading, however is different than scalping due to the time horizon of the trade as trend following trades will take a week while scalping is done on a daily or intraday basis.
