WaterStation, the water vending machine company accused of operating a large Ponzi-like scheme by hedge fund Jefferies Group, may be forced into bankruptcy, after creditors filed involuntary bankruptcy petitions against the company, according to a report by the Wall Street
Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the week ending last Friday, according to a report by Reuters citing a note from Goldman Sachs’ prime brokerage division.
Cheah Cheng Hye, the founder of Value Partners Group Ltd, is set to step down from his role as Co-Chairman as Chinese brokerage GF Securities Co, the hedge fund’s largest shareholder, continues to assert control over the firm.
Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering of his investment fund, Pershing Square USA, by offering additional incentives to attract early investors, according to a report by the Financial Times
Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor.
Appital, a peer-to-peer price discovery and liquidity sourcing technology for asset managers, has adde new functionality designed to stimulate natural liquidity among Appital’s buyside clients and discover pricing dynamics on larger ADV orders on their pad.
Hedge funds may be facing losses totalling billions of dollars due to a steep decline in the shares of Chinese e-commerce giant PDD Holdings, the parent company of budget retailer Temu, according to a report by Reuters.
TS Imagine, a global specialist in trading, portfolio, and risk management solutions, has launched Platform 3.0, which the company says is a significant upgrade to its suite of services designed for financial institutions.
Candriam, a global multi-asset manager with €145bn in AUM, has launched the Candriam Equities L ESG Market Neutral Fund which will target long and short investment opportunities based on both financial and ESG criteria.
Millennium Management is set to support Sone Capital Management, former Echo Street Capital portfolio manager George Panos’s new systematic market-neutral hedge fund firm, as part of a strategy to allocate more capital to external traders, according to a report by
