Global hedge funds sold off US stocks at a faster pace than they bought for the fifth week in a row last week, with much of the sell-off coming in communication services stocks and exchange-traded funds, according to a report
McKay Brothers International has launched the lowest latency private bandwidth between London and Stockholm, connecting London’s LD4 data centre, home of Cboe Europe and Stockholm’s Stack STO01 data centre, which houses Nasdaq-OMX’s markets.
Ultimus LeverPoint Private Fund Solutions, an independent provider of fund administration, accounting, and investor solutions, has partnered with $90bn independent asset management firm WCM Investment Management.
London-based emerging markets-focused macro hedge fund Broad Reach Investment Management is putting the entirety of its cash allocation for frontier markets into recovery stories in Egypt, Nigeria and Pakistan, according to a report by Bloomberg.
Alternative fund managers, including hedge fund managers, are losing investment mandates or clients because of compliance issues, according to research from Ocorian and Newgate Compliance, both providers of regulation and compliance services for funds, corporates, capital markets and private clients.
Losses incurred from failed bets on telecom network Altice have prompted multi-strategy major Millennium Management to liquidate wagers made by Portfolio Manager and credit trading specialist Jason Feasey, according to a report by Bloomberg.
Hedge funds and other investors are adopting an increasingly bullish stance on oil prices as Saudi Arabia and its OPEC allies continue to restrict production amid rising demand and the ongoing conflict in Gaza.
Digital asset investment products continued to benefit from positive investor sentiment last week with inflows totalling $646m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Financial services tech provider Iress has appointed Rob Kirby as Head of Sales and Business Development for the EMEA region at QuantHouse, part of Iress and a provider of API data feeds to hedge funds, investment banks, brokers, market makers,
6 Monks (6M) has been granted authorisation by the Luxembourg Financial Regulator, the Commission de Surveillance du Secteur Financier (CSSF), to provide Alternative Investment Fund Management (AIFM) services to third-party funds investing in Web3 and crypto assets.
