Citi to acquire electronic market-making and proprietary trading firm ATD

Citi Markets & Banking has agreed to acquire Automated Trading Desk, a specialist in electronic market making and proprietary trading for approximately USD680m in cash and stock. »


Hedgeweek people news round-up: Odey brings on board Newman Ragazzi team

Odey Asset Management has acquired Newman Ragazzi Partners, along with Michele Ragazzi, who becomes an Odey partner, his team of six, and the management of the existing Newman Ragazzi fund »


First Danish fund of hedge funds lists on Copenhagen stock exchange

Scandium Asset Management has pioneered Denmark's first listed fund of hedge funds following the listing of the Scandium Absolute Return Fund on the Copenhagen stock exchange on July 1. »


Administrator GlobeOp pulls IPO following hedge fund's negligence lawsuit

Hedge fund administrator GlobeOp Financial Services has postponed its planned listing on the London Stock Exchange on Thursday after being hit by a USD465m lawsuit from Archeus Capital Man »


Environment for commodities "best for 20 years", says Hexam's Payne

The commodities market is as strong as it has been for 20 years and will continue its cycle for far longer than expected, according to John Payne, manager of the Resolution Hexam Global Re »


Fidessa European Trader Workstation expands connectivity with Madrid exchange

Fidessa group, a provider of multi-asset trading, market data and global connectivity solutions, has announced the addition of member trading on the Madrid Stock Exchange to its European T »


DFSA unveils draft hedge fund code

The Dubai Financial Services Authority has issued for public comment its draft hedge fund code, which seeks to introduce best practice standards for the hedge fund industry in the Dubai In »


Bramdean raises GBP131m for listed alternatives fund

Bramdean Asset Management has announced that its new alternatives fund, Bramdean Alternatives, has raised a total of GBP131m through a placing and offer for subscription. »


New Star to close three single strategy hedge funds

New Star Asset Management is rationalising its single strategy hedge fund range by closing three small funds investing in the UK, Japan and Asia that had combined assets under management o »


Paladyne offers Interactive Data pricing and reference data in hedge fund platform

Paladyne Systems, a provider of technology solutions for the hedge fund industry, has announced that it will use data from Interactive Data's pricing and reference data business in its fro »


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