Brevan Howard’s crypto hedge fund achieved a significant gain of around 20% in the first half of this year, amid increased interest from institutional investors in the burgeoning asset class, according to a report by MarketWatch.
A staff member at Paris-based hedge fund Syquant Capital is under suspicion for allegedly providing insider information to his brother, facilitating profitable trades on stocks like ArcelorMittal and Alstom prior to market-moving announcements, according to a report by Bloomberg.
Ilex Capital Partners, one of the major hedge fund startups of last year, is in discussions to raise an additional $1.5bn in investment capital by the end of 2024, according to a report by Bloomberg.
Event-driven hedge fund firm Gates Capital Management, one of the largest shareholders of Outdoor sports and recreation brands owner Vista Outdoor, is opposing the proposed sale of the company’s shooting-related products division The Kinetic Group to Czechoslovak Group.
Despite reducing its workforce by 4% earlier this year, mid-sized multi-strategy hedge fund Walleye Capital is still making new hires, including Rupert Graham, formerly head of options at WorldQuant in Switzerland, who has joined as a systematic volatility portfolio manager,
Clear Street, a financial technology firm focused on the brokerage ecosystem, is to acquire Instinet’s Fox River algorithmic trading business, which provides algorithmic execution solutions in US and Canadian equities.
Family offices with assets in excess of $1bn are increasingly opting for quantitative trading strategies as a cost-effective alternative to traditional hedge funds, according to a report by Bloomberg citing a Citigroup executive.
Global hedge funds have been reducing their exposure to US stocks for five consecutive days amid a broad sell-off in megacap tech-related stocks, according to a report by Reuters citing a note from Goldman Sachs.
Citadel, the multi-strategy hedge fund major founded by Ken Griffin, has appointed Andrew Pidgeon, a senior executive from Segantii Capital Management, to head its Asia-Pacific treasury team, according to a report by Bloomberg.
Horizon Trading Solutions, a provider of electronic trading solutions and algorithmic technology for the global capital markets, has partnered with Transaction Network Services to provide mutualised hosting services.
