Brevan Howard has cut at least four employees in its technology teams in both London and Abu Dhabi, representing roughly 2% of its middle- and back-office workforce, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Macro hedge fund Modular Asset Management is set to conclude its $600m separate account with Millennium Management by the end of the year by mutual consent, bringing to an end a partnership that began in early 2020 after Modular spun
Quant-focused hedge fund Qube, which has $34bn in assets under management, is set to go live with its first internal fundamental stock-picking team on 1 October, according to a report by Business Insider citing unnamed sources.
Hedge fund redemptions remained relatively stable in September, according to SS&C Technologies’ latest GlobeOp Forward Redemption Indicator, rising slightly to 2.21%, from from 2.03% in August, but still below the 2.72% reported for the same period last year.
Pyth Network, a provider of institutional market data, has launched Pyth Pro, a subscription service aimed at delivering cross-asset, institutional-grade pricing across cryptocurrencies, equities, fixed income, commodities, and foreign exchange.
Australian hedge fund Totus Capital posted one of its strongest monthly performances recently, driven by a rebound in key holdings after a challenging stretch for its investment book, according to a report by the Financial Review.
Malcom Pratt, former co-head of EMEA high-touch sales trading at Bank of America, has joined RBC as a hedge fund sales trader following a short-lived move to fintech firm Clear Street, according to a report by eFinancial Careers.
Investment professionals working in digital assets are increasingly concerned about the boom in bitcoin treasuries as more publicly-listed companies hold bitcoin as a reserve asset on their balance sheets, according to a poll by digital assets hedge fund Nickel Digital
Goldman Sachs-backed Petershill Partners Plc, which holds minority stakes in hedge funds and private equity firms, is to delist from the London Stock Exchange and return $921m to investors, valuing the company at $4.5bn, according to a report by Bloomberg.
Activist hedge fund Irenic Capital Management is seeking to attract private equity buyers for SSP Group, the London-listed operator of travel food outlets including Upper Crust, according to a report by the Financial Times.
