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12.03.26 - 09:42
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JPMorgan, UBS Dropped Hedge Fund Embroiled in Hong Kong Probe (Bloomberg)
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JPMorgan Chase & Co. and UBS Group AG cut prime brokerage ties with the investment firm that was raided by authorities during a probe into alleged insider dealing and corruption in Hong Kong well before the investigation was made public, according to people familiar with the matter....
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10.03.26 - 17:39
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World′s Biggest Hedge Funds Crushed By Oil Price Surge (ZeroHedge)
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World's Biggest Hedge Funds Crushed By Oil Price Surge
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) employe...
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