{
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Greenlight Capital experienced a 1.8% loss in November, bringing its year-to-date gain to 9%, as the fund maintained a conservative stance amid rising market valuations. Despite strong performances from major long positions, including Kyndryl Holdings and Liberty Global, the fund's short and macro strategies likely faced significant losses, particularly due to a decline in gold prices.
The largest hedge funds capitalized on trading opportunities following Donald Trump's reelection in November, positioning the industry for its best returns in four years. Balyasny Asset Management reported a 3.9% gain for the month, boosting its year-to-date performance to 11.6%.
MicroStrategy Inc. has made its fourth consecutive weekly purchase of Bitcoin, acquiring 15,400 tokens for $1.5 billion from November 25 to December 1, as reported in a filing with the US Securities and Exchange Commission. The firm has invested over $13.5 billion since November 11 and now holds approximately $38 billion in Bitcoin.
Insider transactions at Snowflake Inc. revealed significant stock sales, with Director Frank Slootman selling 59,617 shares for over $10.5 million, reducing his ownership by 22.22%. Following these trades, insiders have sold a total of 264,278 shares worth approximately $42.5 million in the last three months. Currently, insiders hold 7.80% of the company's stock, while institutional investors own 65.10%.
Investment banks are projected to lose up to $50 billion in annual revenue by 2027, primarily due to competition from private credit and electronic market makers. While they may recover $15 billion by increasing lending to illiquid private markets, this raises concerns about the risks associated with shadow banking, as highlighted by the Bank of England's recent stability report.
Active fund managers have increased their exposure to specific sub-sectors amid recent market volatility, seizing opportunities to adjust their portfolios. Over the past six months, mutual fund investments have surged by 127%, reaching a current market value of Rs 10,511 crore as of October 31, 2024.
BlackRock Inc. is close to finalizing a deal to acquire HPS Investment Partners, positioning itself among the leaders in private credit. The transaction, expected to be announced soon, could value HPS at $12 billion or more, with BlackRock using a combination of cash and stock for the purchase.
Goldman Sachs is implementing a trading strategy aimed at achieving significant gains before the year's end. The firm is focusing on capitalizing on key opportunities in the market to enhance its performance as the year concludes.
The Nifty index ended November with a modest 1% decline, but futures rollovers surged to 79.34%, indicating increased trader hedging amid expectations of a potential turning point. As December begins, open interest has risen to 1.29 crore shares, reflecting aggressive short positioning and a higher cost of carry at +0.97%, suggesting bears are betting on continued negative sentiment.
The rise of corporate bond ETFs is driving a surge in large portfolio trades, with transactions exceeding $500 million now making up nearly a quarter of US corporate bond trading activity, a significant increase from less than 1% in 2018. As of last month, these portfolio transactions accounted for about 25% of all high-grade corporate bond trades between clients and dealers, according to Barclays Plc.
Hedge Funds & Private Equity
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Greenlight Capital Reports Loss Amid Strong Market Gains in November
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17:34 02.12.2024
hedge funds capitalize on trump reelection driving strong november returns
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investment banks face 50 billion dollar revenue loss by 2027
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active fund managers increase investments in key sub-sectors amid market volatility
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Goldman Sachs aims for significant trading gains before year end
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surge in corporate bond etfs drives record block trading activity
14:30 29.11.2024
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