Chinese quant hedge fund Shanghai Ruitian Investment has been ordered to pay damages of RMB3.5 million ($495,000) to its former head of high-frequency trading strategy, Yang Yunhao, after losing a court case over his move to Zhejiang High-Flyer Asset Management.
Rising interest rates, which have made it cheaper for speculators to borrow stock and bet on movements in company stock prices, have seen hedge fund industry borrowing hit record highs, according to a report by Reuters.
Concerns over the accuracy of the Perion Network's financial reporting have prompted New York-based hedge fund Spruce Point Capital to establish a new short position in the Israel-based advertising technology firm, according to a report by Reuters.
New York-based hedge fund firm Hunting Hill Global Capital, a specialist in global arbitrage investments with $364 million in assets under management, has launched a new crypto and digital asset-focused affiliate, Hunting Hill Digital (HHD), with the backing of early-stage VC investor BaseLayer ventures.
In preparation for an anticipated end to the US Federal Reserve's programme of interest rate hikes, hedge funds are going long on short-term interest-rate futures tied to the Secured Overnight Financing Rate, according to a report by Bloomberg.
Long-short equity hedge fund manager Peconic Partners has reclaimed the number one spot on HedgeFollow's Top 20 Best Performing Hedge Funds list, with a three-year performance figure of +191.50%, according to the latest rankings from the hedge fund tracker.
Hedge fund Standard General has terminated its acquisition agreement with US TV station operator Tegna, which manages 64 TV stations in 51 US markets, after failing to overcome a number of regulatory hurdles, according to a report by Reuters.
BlueCrest Capital Management, the private investment firm led by Mike Platt – the UK's wealthiest hedge fund manager, according to the latest Sunday Times Rich List – is partnering with fintech Arcesium to support its post-trade operations and middle- and back-office workflows.
BlueCrest Capital Management co-founder Michael Platt has made the top 10 of the Sunday Times' latest ranking of the UK's 350 richest people, making him the country's wealthiest hedge fund manager, according to a report by The Financial News.
TMR Capital has become the latest activist hedge fund to take a stake in Wagamama owner The Restaurant Group (TRG) as pressure builds on the company to break itself up, according to report by The Sunday Telegraph.