All posts tagged: Hedge

Hedge fund manager ‘bullied colleagues not to put in measures to protect women’, tribunal hears | UK News

Hedge fund manager ‘bullied colleagues not to put in measures to protect women’, tribunal hears | UK News

Published by Sam Flores

Former hedge fund manager Crispin Odey “bullied” colleagues not to introduce measures at his firm to protect women, a tribunal heard. The hearing on Thursday also heard accusations that the 67-year-old threatened to close the company, Odey Asset Management (OAM), in order to put pressure on its governing body. Mr Odey is taking legal action against the Financial Conduct Authority (FCA) after it fined him £1.8m and banned him from the UK finance industry last year over how he handled disciplinary processes into his alleged sexual misconduct at OAM. FCA lawyers told the Upper Tribunal in London that a report published by law firm Simmons & Simmons in January 2021 found at least 46 historical allegations of inappropriate conduct by Mr Odey towards female employees between 2003 and 2020. He was then alleged to have breached the terms of a final written warning by sexually harassing a temporary receptionist in 2021. Image: Mr Odey arriving at the tribunal in London earlier this week. Pic: PA The FCA alleges that Mr Odey then twice dismissed members …

World’s Biggest Hedge Funds Crushed By Oil Price Surge

World’s Biggest Hedge Funds Crushed By Oil Price Surge

Published by Jenni Sidey

We knew something was off when Bloomberg reported yesterday that Balyasny’s chief commodities strategist, Damien Courvalin, whom the multi-strat hedge fund poached from Goldman in 2023 after a 16-year span at the bank where he led the bank’s oil research and become one of the most prominent oil analysts on Wall Street, had left the hedge fund where he oversaw the fimr’s central commodities intelligence effort, including implementation in cross-commodity portfolios, after the rollercoaster moves in oil. We are just guessing, but Courvalin may have been just a bit bearish on oil: after all, he led Goldman’s research when the bank predicted, correctly, a price plunge in early 2020, just before oil prices fell below zero. He also covered gold, agriculture, natural gas and commodity asset allocation through his tenure at the bank. There is another reason why Courvalin was likely bearish: according to Bloomberg, his (now former) employer Balyasny Asset Management declined by 3.5% last week after a 0.4% increase in the two months through February. It wasn’t just Balysani: according to Bloomberg, some of the world’s biggest …

Ex-OpenAI Researcher’s Hedge Fund Reveals Big Bitcoin Miner Bets In New SEC Filing

Ex-OpenAI Researcher’s Hedge Fund Reveals Big Bitcoin Miner Bets In New SEC Filing

Published by Jenni Sidey

Authored by Christina Comben via cointelegraph, Leopold Aschenbrenner has built a US stock portfolio heavily concentrated in companies that supply the power and infrastructure behind the artificial intelligence boom. The former OpenAI researcher, who left the lab’s superalignment team to launch San Francisco-based hedge fund Situational Awareness LP, has expanded it from $383 million in assets in early 2025 to a reported $5.52 billion in equity positions in its latest 13F filing with the US Securities and Exchange Commission. The fund’s 13F filing for Q4 2025 shows a highly concentrated portfolio built around betting that the real winners of the AI boom won’t be chatbots, but the power plants and data centers that feed them. Situational Awareness reported $5.52 billion in US equity positions across 29 holdings, with a large share of that value clustered in a handful of AI infrastructure names. Those include graphics processing unit (GPU) cloud provider CoreWeave, fuel cell and power specialist Bloom Energy, Intel, optics maker Lumentum and Bitcoin miner-turned-AI infrastructure play Core Scientific.  Aschenbrenner first drew attention as a …

Steve Cohen Tops Hedge Fund Rich List With .4 Billion Haul

Steve Cohen Tops Hedge Fund Rich List With $3.4 Billion Haul

Published by Jenni Sidey

Steve Cohen spent last fall doing something few billionaire owners enjoy: apologizing. As the New York Mets staggered through a bruising 2025 campaign, he took to social media to tell fans he was sorry for the disappointment at Citi Field. Yet even as the baseball season fizzled, Cohen was clinching a very different kind of pennant, according to Bloomberg. The founder of Point72 Asset Management finished the year as the highest-paid hedge fund manager on Bloomberg’s annual ranking, pocketing an estimated $3.4 billion. That works out to more than $9 million every day — a staggering haul even by Wall Street standards. For the first time since the list began, Cohen sat alone at the top. The contrast is striking. Cohen, 69, bought the Mets in 2020 for a record $2.4 billion and pledged to deliver a championship within three to five years. He backed up that promise with one of the sport’s largest payrolls. But while October glory in Queens remains elusive, his investment firm in Stamford, Connecticut, has flourished. Point72’s ascent is particularly …