Stockholders of hedge fund Sculptor Capital Management Inc have been advised by proxy advisory firm Institutional Shareholder Services (ISS) to approve the acquisition of the business by real estate investment firm Rithm Capital Corp, according to a report by Bloomberg.
Hedge funds and private equity firms have fired the first salvo in their legal battle with the US Securities and Exchange Commission over what they see as a power grab by the commission over the adoption of new rules they
Infini, the Hong Kong-based multi-manager hedge fund firm founded by former Morgan Stanley banker Tony Chin, has upped its roster of portfolio managers to 10, and is planning to add additional staff, according to a report by Reuters.
Eisler Capital the London-based multi-strategy hedge fund firm founded by Edward Eisler, posted its best monthly return of the year in September with a 1.29% gain taking the fund’s YTD performance to 5.4%, according to a report by Reuters.
Hedge funds lost money in September, according to SS&C Technologies, with the gross return of the S&C GlobeOp Hedge Fund Performance Index measuring -0.24% for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined
The Securities and Exchange Commission has charged John Hughes, President and Chief Compliance Officer of registered investment adviser Prophecy Asset Management, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors.
Sam Bankman-Fried, the founder and CEO of failed cryptocurrency exchange FTX and associated hedge fund firm Alameda Research, is facing a lengthy spell behind bars after jurors took just a few hours to return a guilty verdict on all seven
Hong Kong-based Infini Capital Management has added to competition in the multi-manager hedge fund sector with the launch of a new flagship fund, the Infini Global Master Fund, and is also planning on opening a new office Abu Dhabi, according
Net outflows from the hedge fund industry totalled $80bn for the year to 18 October despite net profits hitting around $119bn according to a report by Reuters citing a new report from hedge fund specialist Aurum Funds.
Virtu Canada Corp is suing troubled Toronto-based hedge fund firm Traynor Ridge Capital Inc over at least CAD5m in losses it says it incurred executing trades asked it to execute but then failed pay for, according to a report by
