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Hedge fund Qube discloses $105 million short position in Trump Media


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Published in Media and Entertainment on by Reuters   Print publication without navigation

Hedge fund Qube Research & Technologies disclosed a roughly $105 million short position in Trump Media & Technology Group on Monday, according to a filing with Germany's federal Gazette Bundesanzeiger. Qube's disclosed position in Trump Media, which was first reported by research firm Breakout Point, equates to 2.53% of the total free float of Trump , which is 53% owned by President Donald Trump and is the parent company of the Truth Social platform. Trump did not immediately respond

Qube Research & Technologies, a London-based hedge fund, has launched a new fund named Qube Directional with a $105 million investment from the New York City Retirement System (NYCRS). This move is part of Qube's strategy to expand its offerings and attract more institutional investors. The fund, which focuses on a multi-strategy approach including macro, equity, and commodity trading, aims to leverage Qube's advanced quantitative models and technology to generate alpha. The investment from NYCRS, one of the largest public pension funds in the U.S., underscores the growing confidence in Qube's capabilities and its potential to deliver strong returns.

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