BFAM Partners, the Hong Kong-based hedge fund founded by Benjamin Fuchs, has re-hired Eugene Fung, the former Co-head of the Global Financing & Products group at Credit Suisse, to run its credit business, according to a report by Bloomberg.
Canadian financial institution ATB Capital Markets has been granted a mandate to sell the remaining assets of failed Toronto-based hedge fund Traynor Ridge Capital Inc, which collapsed last month following the sudden death of its founder, according to a report
IG Prime, the institutional arm of IG Group, has added to its APAC team with the appointment of Andrew Wood as Institutional Sales Manager based in the company’s Sydney office, according top a report by Finance Magnates.
Digital asset investment products experienced their 11th straight week of inflows at $43m, with a notable increase in short position inflows due to recent price appreciation and perceived downside risks, according to the latest Digital Funds Flow weekly report from
Options Technology, a Capital Markets services provider, has announced the promotion of Claire McKillen to the position of Vice President, Financial Controller
CME Group, a derivatives marketplace, has announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts.
The hedge fund managed by Pierre Andurand, an oil trader, is set to have its worst ever loss, after its bets on oil futures failed to pay off, according to a report by Bloomberg.
Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years, according to a
TOP STORY: Hedge funds and brokerages have new requirements from the Securities and Exchange Commission to centrally clear far more of their US Treasuries trades in a structural overhaul for the $26tn market, according to a report by Bloomberg.
Hedge funds, including big name multi-strategy players Citadel and Millennium Management, are letting go of surplus staff as the year winds up, according to a report by eFinancial Careers.
