Gold and coffee helped drive positive returns for trend-following hedge funds in September, supported by record commodity prices, rising equities, and falling interest rates, according to a report by Reuters citing data from Societe Generale released on Tuesday.
Marex Prime Services is establishing a dedicated presence in Dubai, complementing the firm’s existing operations in the Middle East region with Mazen Najjar, who has more than 12 years’ experience in MENA financial services and prime brokerage sales, the first
Citadel, the $64bn multi-strategy hedge fund major, has ramped up its Asia fundamental equities team to more than 60 employees in just over three years, with the latest additions – Portfolio Managers Doris Yang and Jerry Jiang – set to
Quantitative hedge fund firm Two Sigma Investments is preparing to raise external capital for a new real estate investment fund opening up what until now has been an internal operation to outside investors, according to a report by Bloomberg.
MFA has elected Jody Gunderson, Managing Principal of AB CarVal, as its new Board Chair and also named new members of its Board of Directors for the 2025 fiscal year, including execs from alternative asset management firms and service providers.
Activist hedge fund firm Starboard Value has built a $1bn position in Pfizer and is planning to push for strategic changes at the pharmaceutical giant as the company grapples with declining post-pandemic revenues, according to a report by the Wall
Australian investment firm Platinum Asset Management Ltd has entered into takeover discussions with Regal Partners Ltd, granting the hedge fund access to due diligence in the hopes of securing a potentially higher bid, according to a report by Bloomberg.
Dubai is now home to over 40 hedge fund firms with assets exceeding $1bn each, collectively employing more than 1,000 people, according to a report by Bloomberg quoting Salmaan Jaffery, Chief Business Development Officer of the Dubai International Financial Centre
Bloomberg has launched a new fully customisable intraday quant pricing solution for Investment Research, the Open-High-Low-Close Bar product, which is aimed at simplifying quant workflows by allowing users to create intraday pricing datasets.
Axyon AI, which aims to improve asset manager performance by delivering alpha opportunities via AI-powered asset rankings and AI strategies, has appointed Professor Petter Kolm as a Scientific Advisor to the firm.
