Global alternative investment management firm Man Group, the world’s largest listed hedge fund firm, has appointed Lee Matthews as Managing Director, Head of Retail Sales for the UK, replacing Richard Phillips, who is retiring after 27 years with the firm.
Two London-based hedge funds – Kite Lake Capital Management and Astaris – are preparing to close their doors to new investors, even as the broader hedge fund industry is facing significant capital outflows amounting to tens of billions of dollars,
Morgan Stanley is targeting hedge funds as part of renewed efforts to reclaim its top position in stock trading, a title it lost to Goldman Sachs following the collapse of Archegos Capital Management in 2021, according to a report by
A subsidiary of Ryobi Holdings Co, a bus operator in rural Japan, is taking an unconventional step to counter the impact of the country’s declining population by launching an AI-driven hedge fund focused on foreign exchange trading, according to a
Alternative investment industry representative body the MFA has encouraged the Basel Committee on Banking Supervision to adopt flexible, risk-based guidelines on counterparty credit risk management in a comment letter submitted today.
Hedge funds are increasingly stepping in to help banks manage the risks associated with deal contingent trades, a complex derivative sold to corporations and PE firms to hedge against market fluctuations during major mergers and acquisitions, according to a report
TOP STORY: Activist Investment firm Elliott Investment Management now owns 10% of Southwest Airlines’ common stock, surpassing the threshold required to call a special meeting at the airline, according to a report by Reuters citing an unnamed source familiar with
Analog Century Management, the New York-based tech-focused hedge fund founded by Val Zlatev has joined the growing roster of external firms to secure capital from Izzy Englander’s Millennium Management, with the multi-strat major making a $1bn allocation, according to a
The University of Houston System’s endowment management committee has approved a $20m investment in the Broad Reach Master Fund, an emerging markets-focused global macro hedge fund, according to a report by Pensions & Investments.
Losses incurred during escalating market volatility in early August prompted Millennium Management, Balyasny Asset Management, and BlueCrest Capital Management to halt the operation of at least six traders and their investment pods, according to a report by Bloomberg.
