Canoe Intelligence, a financial technology company providing the alternatives industry with smarter data management, has made five senior hires to support the business’ global expansion, client growth, and ongoing operations.
Ray Dalio, the founder of global macro hedge fund major Bridgewater Associates, is watching the “risky” fiscal situation in the US and believes the country could be heading for a debt crisis, according to a report by Reuters.
Poor staff behaviour towards rival firms has prompted Chinese regulators to ban one of the country’s top quant funds – Shanghai Minghong Investment Management Co – from launching new investment products, according to a report by Bloomberg.
US hedge fund Gramercy has set a new record for the $16bn litigation funding market with the provision of a $552.5m loan to UK law firm Pogust Goodhead backing separate suits against miners BHP and Vale and 14 global carmakers
DE Shaw & Co has agreed to pay $10m to settle Securities and Exchange Commission charges that it made employees sign agreements prohibiting the disclosure of confidential corporate information to third parties, without including an exception for potential SEC whistleblowers.
Su Zhu, co-founder of collapsed crypto hedge fund Three Arrows Capital has been arrested and put behind bars in Singapore for four months for failing to cooperate with investigators probing the collapse of the fund, which at its peak manages
Quant hedge fund major AQR Capital Management upped its average pay to its 32 UK-based AQR Capital Management (Europe) staff by 2% in 2022 to £272k ($331k) per head, up from £266k ($324k) per head paid in 2021 to 35
Investors continued to pull cash from hedge funds in August redeeming an estimated $6.10bn to extend the current run of overall withdrawals to 15 months, according to the latest Hedge Fund Industry Asset Flows Report from Nasdaq eVestment.
Citadel is preparing to take a much harder line over the SEC’s widening Wall Street WhatsApp probe than the almost two dozen banks that have already agreed to hefty settlements during the past two years over staff use of the
The DMA-Swap strategy, an increasingly popular leverage and derivative strategy that helps Chinese hedge fund managers to skirt regulatory borrowing limits by having trades sit on brokers’ books, is allowing some funds to generate big returns in the country’s ailing
