Nell Mackenzie

Britain's unloved investment trusts may be nearing a turning point as falling interest rates, a possible government drive to boost share ownership, and activist pressure converge to unlock value.

Boaz Weinstein's Saba Capital Management has sold credit derivatives in recent months to lenders seeking protection on big tech names like Oracle and Microsoft due to concerns over a debt-financed AI investment frenzy, a source told Reuters.

Michael Burry, the investor whose successful bets against the U.S. housing market in 2008 were recounted in the movie "The Big Short," is closing his hedge fund, Scion Asset Management.

MSCI's global equities gauge rallied 1.4% on Monday while government bond yields rose modestly on bets the record-long U.S. government shutdown will soon end, enabling official data releases to resume to provide much-needed clarity on the state of the economy.

Hedge funds' economic optimism faded last week and their exposure to companies that depend on consumer spending power such as hotels and restaurants fell to five-year lows, according to a Goldman Sachs note seen by Reuters on Monday.

Bank of England deputy governor Sarah Breeden said on Wednesday it was "really important" for the U.S. and Britain to be synchronised on regulation of stablecoins.

Hedge funds' exposure to artificial intelligence-related tech hardware reached its highest in October since Goldman Sachs started tracking the data in 2016, the U.S. bank said in a client note.

Hedge funds last week sold the largest amount of stocks in over six months including energy shares, said a client note by Goldman Sachs while a separate note by JPMorgan highlighted a sell-off in banks.

Shares of Man Group hit a six-month high on Friday, after the hedge fund posted a 22% increase in assets under management to a record $213.9 billion in the 12 months to September 30, beating expectations, over a year of intense market volatility.

Hedge funds last week rushed into global industrial stocks and dumped U.S. equities, which on Friday suffered their worst one-day sell-off since April as tariff woes resurfaced, Goldman Sachs said in two notes.