Credit Suisse will recommend hedge funds and other clients of its prime services business to BNP Paribas as part of a referral agreement between the banks, after the Switzerland-headquartered group unveiled plans to shutter its prime brokerage operations following losses
Hedge funds’ confidence continues to rise, with managers across the UK, Europe and Asia all bullish on their business prospects heading into the final quarter of the year, a key industry sentiment index shows.
TCI Fund Management, Sir Christopher Hohn’s activist hedge fund, says there is a “a deliberate lack of transparency” and “a selective approach to disclosure with respect to governance matters” at Canadian National Railway.
Over the past four years, high-net-worth investors have shown a preference for multi-strat specialists, as allocators search for hedge fund strategies capable of better controlling risks and locking-in returns.
Hedge fund short sellers betting against Cineworld have seen their bearish positions tank after the global cinema chain’s share price rocketed on the back of the new James Bond movie release.
RFA, the IT provider to the financial services industry, has launched a new Development Security Operations (DevSecOps) service for its clients.
