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    Laurence Fletcher

    Hedge fund correspondent

    Laurence covers hedge funds for the Financial Times, and writes news, features, investigations and opinion pieces. His work includes numerous exclusives about the collapse of $600m hedge fund Heather Capital, while his investigations into hedge fund Dynamic Decisions were part of a series that won a Gerald Loeb award, a New York Press Club award and a U.S. National Press Club award in 2012.

    In 2021 he was part of an FT team that won a Loeb award in the Breaking News category for coverage of the collapse of Wirecard. In 2022 he won awards from the CFA Society of the UK and from Headlinemoney for his work with Tommy Stubbington on sovereign bonds and human rights.

    He joined the FT in 2018, and previously worked at The Wall Street Journal, Reuters, Citywire and Bloomberg.

    Email Laurence Fletcher @journofletcher  on Twitter (link opens in a new browser window)

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    • Monday, 27 March, 2023
      Scottish Mortgage Investment Trust PLC
      Hedge funds scale back bets against Scottish Mortgage

      Investors close short positions in expectation that share price may be nearing bottom

    • Friday, 24 March, 2023
      Rokos Capital Management LLP
      SEC raised concerns over hedge fund Rokos after losing bond bets

      US regulator contacted UK authorities after large collateral calls

    • Wednesday, 22 March, 2023
      Credit Suisse Group AG
      US bondholders prepare to sue Swiss government over $17bn Credit Suisse wipeout

      Distressed asset investor David Tepper says trust in European debt issuance at stake

    • Friday, 17 March, 2023
      Markets
      Rokos and Goldman Sachs hit in bond market upheaval

      Goldman loses around $200mn, while hedge funds Rokos and Leda Braga’s Systematica drop after collapse of Silicon Valley Bank

    • Friday, 17 March, 2023
      Banks
      Global banks shed $459bn in market rout as Goldman loses on rate swing

      Regulators discuss crisis with focus on Credit Suisse as March declines have mounted

    • Tuesday, 14 March, 2023
      Hedge funds
      Hedge funds stung by bond market fallout from SVB collapse

      Investors fuelled a rally in US Treasuries by rushing to exit crowded bets that prices would fall

    • Monday, 13 March, 2023
      Kenneth C. Griffin
      US capitalism is ‘breaking down before our eyes’, says Ken Griffin

      Citadel founder argues that refusing to bail out SVB depositors in full would be ‘great lesson in moral hazard’

    • Friday, 10 March, 2023
      Banks
      California bank failure shakes global financial stocks

      Investors worry over the value of sector’s bond portfolios and falling deposits

    • Wednesday, 8 March, 2023
      News in-depthHedge funds
      Hedge funds build macro firepower to capitalise on volatile markets

      Sector has recorded best returns since financial crisis with the return of high inflation and steep interest rate rises

    • Monday, 6 March, 2023
      News in-depthCitadel LLC
      How Citadel harnessed the weather to claim hedge fund crown

      Bold bet on commodities plays large part in lifting Ken Griffin’s firm to record $16bn profit

    • Sunday, 5 March, 2023
      Hydrogen power
      New ITM boss targets overconfident culture after profit warnings

      Producer of hydrogen electrolysers became London’s most shorted stock after plunge in value to $600mn from £3.5bn

    • Tuesday, 28 February, 2023
      Man Group PLC
      Inflation will remain high in volatile markets, warns hedge fund chief

      Man Group boss Luke Ellis says investors must get used to significant moves up and down in markets

    • Monday, 20 February, 2023
      FTX Trading Ltd
      Hedge fund Galois closes after half of assets trapped on crypto exchange FTX

      Co-founder apologises in letter to investors and says fund is no longer viable

    • Monday, 20 February, 2023
      Special ReportImpact Investing
      Micro-lending market takes rising interest rates in its stride

      Despite some signs of stress, the industry is confident that borrowers have the resilience to cope

    • Tuesday, 14 February, 2023
      Hedge funds
      Coal’s comeback pays off for hedge funds

      Bets by Third Point, Makuria and others deepen investor divide over how to approach the fossil fuel

    • Tuesday, 14 February, 2023
      Hedge funds
      Hedge fund Element to slim down after $1bn hit in rally

      Jeffrey Talpins’ $12bn vehicle aims to be more nimble and able to respond to market moves

    • Friday, 10 February, 2023
      Energy crisis
      Putin has ‘lost energy war’, top trader claims as he ends high gas price bets

      Pierre Andurand says Europe has weaned itself off Russian natural gas and is unlikely to return to it

    • Saturday, 4 February, 2023
      Hedge funds
      Hedge funds rush to unwind bets on falling markets as stocks surge

      Funds seek to cover short positions at a faster pace than height of 2021 meme stock frenzy

    • Monday, 30 January, 2023
      FT Asset Management
      Asset Management: Stockpickers hope to profit after a decade of pain

      Plus, Blackstone’s real estate woes, China bets send base metals soaring and a sublime Sleeping Beauty

    • Monday, 23 January, 2023
      Hedge funds
      Citadel breaks records with $16bn profit

      Ken Griffin’s hedge fund charged investors $12bn in fees and expenses in 2022

    • Friday, 20 January, 2023
      Hedge funds
      Steven Cohen’s Point72 finally gains UK regulatory approval

      Financial Conduct Authority had twice rebuffed applications from billionaire trader’s hedge fund firm

    • Monday, 16 January, 2023
      FT Asset Management
      Asset Management: BlackRock sends a shiver through the funds industry

      Plus, the ‘humbling’ of Baillie Gifford, a fillip for junk bonds, and an illuminated giant slinky in London

    • Monday, 9 January, 2023
      Hedge funds
      Hedge fund firm Rokos posts loss after bond market turmoil

      Fall into red in results to March 2022 has been followed by a rebound on surge in inflation and bets on rising rates

    • Friday, 6 January, 2023
      Hedge funds
      Hedge fund managers shy away from launches as markets come under strain

      The third quarter of last year had 71 new funds, down from 132 in the same period of 2021

    • Monday, 26 December, 2022
      Hedge funds
      Macro hedge funds toast blowout year that peers are keen to forget

      Funds focused on bonds and currencies have profited from powerful trends that have hit equity specialists

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