Derivatives and securities exchange network Cboe Global Markets has expanded its S&P 500 toolkit with the launch of trading in S&P 500 Equal Weight Index options, providing investors additional choice and diversification.
Bloomberg has launched the Bloomberg Global Commodity Transition Metals Index, which aims to track the performance of holding a long position of metal commodities futures contracts spanning industrial, battery, and precious metals.
Assets under management at Man Group, the world’s largest listed hedge fund, fell by $5.6bn (£4.2bn) in the first two weeks of April to $167bn, as market volatility hit the asset manager’s strategies, according to a report by City AM.
Millennium Management is withdrawing its capital commitment from Pamalican Asset Management, the Hong Kong-based hedge fund launched by former Goldman Sachs executive Jamie Goodman, just eight months after the firm began trading, according to a report by Bloomberg.
Elliott Investment Management has taken a significant activist position in Hewlett Packard Enterprise (HPE), amassing a stake valued at over $1.5bn and making the $70bn hedge fund one of HPE’s largest shareholders, according to a report by Reuters.
Digital asset investment products saw $795m in outflows last week, marking a third consecutive week of declines and bringing total outflows since early February to US$7.2bn, according to the latest Digital Asset sFund Flows Weekly Report from CoinShares.
Systematica Investments’ listed version of its flagship hedge fund, Schroder GAIA BlueTrend, has dropped approximately 19% year-to-date, reflecting the mounting pressure on trend-following strategies, according to a report by the Financial Times.
Hedge funds saw a performance setback in March, with the SS&C GlobeOp Hedge Fund Performance Index recording a gross return of -1.61%, according to the latest data released by SS&C Technologies.
Hedge fund manager Sculptor Capital Management has secured regulatory approval to operate in Abu Dhabi, becoming the latest global financial firm to establish a presence in the fast-growing capital of the United Arab Emirates, according to a report by Bloomberg.
Ediz Karahasanoglu, Head of EMEA Equities Trading at Goldman Sachs, has resigned from the firm and is reportedly heading to a hedge fund, though his next destination remains unconfirmed, according to a report by eFinancial Careers.
