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Macro hedge funds face fresh volatility as rates and inflation shift again

Macro hedge funds are navigating another difficult period for rates trading as renewed inflationary pressure and geopolitical disruption reshape expectations for monetary policy on both sides of the…

  • Macro hedge funds face renewed volatility due to shifting inflation and geopolitical factors.
  • Some major and London-based managers reported losses, but exact magnitudes undisclosed.

Saba rejected buyout offer, says Baillie Gifford

Saba Capital, rejected an offer from Baillie Gifford US Growth Trust that would have allowed Boaz Weinstein's (pictured) activist hedge fund to exit its investment at close to net asset value…

  • Baillie Gifford US Growth Trust offered to buy Saba's stake at near net asset value
  • Saba declined the buyout, accusing trust directors of prioritizing Baillie Gifford's interests
  • Saba's campaign targeted UK-listed investment trusts to remove boards and close discounts

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