Point72 Asset Management is providing its largest-ever initial backing to a departing trader, veteran portfolio manager Alex Silverstein, as he spins out his health-care trading team to launch a new hedge fund, Sirenia Capital Management, according to a report by
Bridgewater Associates is planning a significant expansion of employee equity ownership, with more than 60 per cent of staff set to hold stakes in the hedge fund from next year, following a standout performance year for its flagship macro strategy,
US activist investor Corvex Management has taken a 6% stake in Whitbread and is urging the Premier Inn owner to conduct a strategic review, citing what it described as a disconnect between the group’s share price and the underlying value
BP chief executive Murray Auchincloss has stepped down with immediate effect after less than two years in the role, following pressure from US hedge fund Elliott Management, according to a report by This is Money. The FTSE 100 energy group
EquiLend, a financial technology, data, and analytics company for the securities finance industry, has made a strategic investment in Digital Prime Technologies, a US-regulated provider of institutional crypto financing and prime brokerage technology, to advance institutional tokenised-asset and digital-markets infrastructure.
Whitehaven Asset Management is set to return capital to investors and transition into a family office, according to a report by Bloomberg citing Managing Partner Scott Richman. The Greenwich, Connecticut-based firm, which focuses on municipal and corporate bonds, plans to
Pershing Square Holdings has agreed to invest up to $1bn in Howard Hughes Holdings to support its acquisition of specialty insurer Vantage Group Holdings, in a transaction valuing the business at approximately $2.1bn, according to a report by Bloomberg. The
Calibrate Partners, the London-based hedge fund founded by former Morgan Stanley executive John White, has opened an office in Dubai as part of its international expansion, according to a report by Financial News London citing people familiar with the matter.
Trading Technologies has acquired OpenGamma, a specialist in derivatives margin analytics, in a move that strengthens TT’s multi-asset platform and expands its offering in margin optimisation and capital efficiency for institutional trading firms.
The global non-bank financial sector, commonly known as “shadow banking,” has expanded at double the pace of traditional lenders, according to a report by Bloomberg citing research by the Financial Stability Board.
