Multi-strategy hedge fund ExodusPoint Capital Management has strengthened its quantitative and technology capabilities with the hire of Rob Buckle, previously head of core quants at Balyasny Asset Management, according to a report by eFinancial Careers.
Bain Capital has agreed to acquire a minority stake in Innocap Investment Management, the Montreal-based managed account platform provider, amid growing institutional demand for separately managed accounts (SMAs) in hedge fund investing, according to a report by Bloomberg.
Multi-strategy hedge fund major Millennium Management is raising $5bn for a new vehicle focused on private-market opportunities, marking a significant expansion beyond its traditional focus on liquid assets, according to a report by Bloomberg.
UBS is moving forward with the previously announced sale of its hedge fund unit, O’Connor, to US brokerage firm Cantor Fitzgerald, the bank’s CFO Todd Tuckner confirmed on Wednesday, according to a report by Reuters.
Hedge funds posted a 5.2% return in Q3, led by global macro strategies, as all major strategy types finished the quarter in positive territory, putting the industry on course for its strongest calendar year since 2020, according to Citco.
Hedge fund Carronade Capital Management has launched a proxy fight against billionaire investor Bill Foley, accusing him of “egregious corporate governance” at his listed holding company, Cannae Holdings, according to a report by the Financial Times.
A global hedge fund firm has selected Behavox’s Pathfinder Policy Manager for enterprise-wide deployment, extending its existing use of the firm’s AI-driven compliance technology across the organisation.
Hedge funds, including CQS, have opened a new legal front in the ongoing battles over distressed credit restructurings, invoking US antitrust statutes to challenge what they call collusive tactics among rival creditors, according to a report by the Financial Times.
Fort Lauderdale-based hedge fund HoldCo Asset Management is threatening a proxy battle at Columbia Bank unless management agrees to shareholder-friendly actions, marking the latest escalation in the fund’s campaign against underperforming US regional banks.
Hedge funds are fuelling a booming market in Europe for trading debt that has yet to be issued, as distressed restructurings create new speculative opportunities in private credit, according to a report by the Financial Times.
