Nell Mackenzie

Hedge funds pounced on the U.S./Iran ceasefire to ​post positive performances in April, with some reaping returns from bullish ‌bets placed just before the April 8 ceasefire announcement, reports from prime brokerages and industry analysts show.

Britain's financial regulator is preparing to force private credit managers to report more detailed and ​tailored data, sources told Reuters, as it seeks to increase scrutiny of the fast-growing and still opaque industry.

Technology stocks were a top pick for hedge funds last week, ​with speculators hoovering them up at ‌the fastest pace in nearly three months, according to a Goldman Sachs note to clients late on Friday.

Hedge funds, particularly those trading ​stocks, beat global benchmarks in May as rising equities led ‌by the U.S. tech sector buoyed the returns of traders.

Hedge funds sold out of the biggest U.S. tech stocks, and some even added bearish positions, according ​to data from a JPMorgan note late Thursday, just ‌before SpaceX was set to go public on Friday.

Billionaire ​Michael Platt's BlueCrest Capital Management on Wednesday lost a near £200 million ($265 million), drawn-out battle ‌against Britain's tax authority, ending one of the most significant tax disputes in Britain's asset management industry.

The majority of publicly traded business development companies (BDCs) — the visible part of the private credit market — have turned unprofitable due to falling asset values and ​rising costs, a Reuters analysis shows, in the latest sign of pressure building in this highly leveraged corner of finance.

Global stocks headed towards their best ​weekly performance in two months on Friday after a lukewarm U.S. jobs report dampened expectations for an imminent rate hike from ‌the Federal Reserve, which restrained the dollar and gave gold a boost.

U.S. hedge funds sold tech hardware stocks for a fourth week in a row, according ​to a client note from Goldman Sachs on ‌Friday, in line with a recent decline in global chip shares and just before many of these companies will report earnings.

Global stocks rose on Friday with Wall Street headed for a muted open, as ​AI-related enthusiasm in Asia over the market debut of South Korean chip bellwether SK Hynix led investors to brush off tit-for-tat attacks between the U.S. and Iran.