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Laurence Fletcher

Deputy markets news editor

Laurence is part of the FT’s markets desk and has a particular focus on hedge funds and asset managers. He was previously hedge fund correspondent, writing 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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  • Friday, 26 May, 2023
    US equities
    Hedge funds raise bets against US stocks as debt deadline nears

    Shorts linked to S&P 500 hit 12-year high amid caution on valuations and earnings

  • Thursday, 11 May, 2023
    Property sector
    Swedish real estate sector rattled as refinancing worries surface

    Analysts highlight country’s exposure to rising interest rates

  • Friday, 28 April, 2023
    Big tech
    Hedge funds lose $18bn betting against tech stock rally

    Robust round of earnings fuel sector rebound that takes short sellers by surprise

  • Thursday, 27 April, 2023
    HTSI
    The 20 best bakeries in the UK

    Our guide to the most delicious breads in Britain 

  • Wednesday, 5 April, 2023
    Hedge funds
    Hedge funds made $7bn from betting against banks during turmoil

    Short sellers’ March haul was their largest from the banking sector since 2008

  • Tuesday, 4 April, 2023
    Markets InsightHedge funds
    Hedge funds caught off guard again in turmoil

    Sharp moves after the implosion of SVB have left many in the red for the year

  • Sunday, 2 April, 2023
    Hedge funds
    Trend-following hedge funds suffer sharp downturn in bank chaos

    Bond market reversal following collapse of Silicon Valley Bank stings so-called CTAs

  • Tuesday, 28 March, 2023
    Credit default swaps
    Top ECB official claims CDS market ‘contaminates’ bank stocks and deposit flows

    Sharp moves in thinly-traded credit insurance needs scrutiny, Andrea Enria says

  • 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

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