NEW YORK/LONDON, June 30 (Reuters) - Many macro hedge
funds that bet on global economic trends are ending the first
half of 2023 with losses, but uncertainty around how different
central banks will handle monetary policy coul.
Many macro hedge funds that bet on global economic trends are ending the first half of 2023 with losses, but uncertainty around how different central banks will handle monetary policy could provide trading opportunities for the rest of the year. After a surprise crisis of regional U.S. banks roiled markets, those funds were down by 2.3% this year through May according to the HFRI Macro (Total) asset weighted index, which tracks performance of hedge funds betting on macro trends.
Ringo Chiu/ZumaPresses
Brevan Howard hired Gurpreet Singh as CTO of its Alpha Strategies fund.
Singh is the former CTO of Point72 s quant-trading group Cubist.
Brevan Howard has been ramping up hiring amid a strong streak of returns.
Brevan Howard has hired a chief technology officer for one of its largest strategies as the $13 billion hedge fund ramps up hiring amid a streak of strong returns.
Gurpreet Singh, formerly the CTO at Point72 Asset Management s Cubist unit, is set to join Brevan Howard s Alpha Strategies fund next week as CTO, according to sources familiar with the matter. Singh departed last summer after more than a decade at Point72.