Formidium, a specialist in fund administration and technology, has appointed John Manley as its new Chief Marketing Officer as part of a wider initiative to grow its presence in the hedge fund sector.
Calderwood, a Cayman Islands boutique fund governance firm, has expanded its senior team with two key appointments – Jason Perras and Rena Strecker – who both join as Independent Directors.
Hedge funds finished November up 1.99% according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index declined 0.47% in December.
Activist hedge fund investor Carl Icahn is gearing up for a second board challenge at Ilumina as he looks to oust directors at the gene-sequencing company just months after shareholders elected one of his director candidates, according to a report
Multi-strategy hedge fund major Millennium Management is moving its European HQ to the firm’s former offices in Mayfair following a complete overhaul and extension of the property, according to a report by the Evening Standard.
Energy investing remains a focus for Balyasny Asset Management, with the Chicago-headquartered hedge fund firm currently hiring traders in Denmark, Singapore, and possibly London, according to a report by Bloomberg.
Ernst & Young, the receiver for failed Canadian hedge fund Traynor Ridge Capital Inc has said that efforts to wind don the company have so far found only $3m in cash, a fraction of the $94m in assets the firm
Global digital asset investment products saw minor outflows totalling $16m last week, bringing to an end an 11-week run of inflows, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
AIMA, a global representative body for the alternative investment industry, along with the National Association of Private Fund Managers and Managed Funds Association, have filed a lawsuit challenging two new SEC rules.
Hedge funds and other large speculators switched to a net short position against the dollar last week for the first time since September amid growing expectations that the Federal Reserve will soon move to “non-recessionary” interest-rate cuts, according to a
