Top hedge fund professionals are increasingly hiring talent agents, following a model more commonly seen in Hollywood and professional sports amid intensifying competition for talent among multi-manager platforms, according to a report by the Wall Street Journal.
McKay Brothers has unveiled a new private transport network connecting London and Singapore with a round-trip latency of under 137 milliseconds, positioning it as the fastest available route for crypto and FX trading between the two financial hubs.
Activist hedge fund Engine Capital has disclosed a roughly 3% stake in Acadia Healthcare, one of the largest US providers of mental health services, calling for a board refresh and a strategic review of the company’s assets, according to a
David Einhorn, founder of hedge fund Greenlight Capital, has warned that the massive spending spree on artificial intelligence (AI) infrastructure could lead to significant capital destruction, even if the technology ultimately proves transformative, according to a report by Bloomberg.
Citadel, the global hedge fund and market-making firm, has leased office space atop Boston’s newly completed South Station Tower, marking a significant expansion in the city for the business, according to a report by Bloomberg.
Activist hedge fund manager Saba Capital is preparing to launch an actively managed ETF aimed at exploiting share price discounts in the UK’s £267bn closed-end fund sector, according to a report by Quoted Data.
Hedge fund Discovery Capital Management, led by Rob Citrone, has advanced more than 20% so far this year, driven in part by strategic positions in Argentine assets, according to a report by Bloomberg citing unnamed sources familiar with the fund.
Italian luxury group Brunello Cucinelli saw its shares tumble 17% on Thursday following allegations from London-based short seller Morpheus Research that the company misled investors about its operations in Russia, according to a report by the Financial Times.
Wealthy investors in the US and Asia are redirecting hedge fund allocations away from the US and toward Europe and the Middle East, according to a report by Reuters citing the findings of a Bank of America survey of 263
MFA has appointed John Van Etten as Managing Director, Head of US Government Affairs to lead the association’s engagement with Congress and the Administration on a broad range of policy issues affecting the alternative asset management industry.
