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.
Jain Capital, the yet to debut hedge fund founded by Bobby Jain, is all set to go on a hiring spree ahead of a “monster”, and largest ever hedge fund launch, according to a report by The Business Wire.
Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a report by Bloomberg. The report cites an unnamed person as the source familiar with the matter.
An alleged fraud in China that saw financial firms including a major hedge fund at its epicentre has cautioned the industry, with investment managers, regulators and brokerages racing to improve risk monitoring, according to a report by Bloomberg.
Trading Technologies International, Inc (TT), a global capital markets technology platform provider, has launched two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), to further support the company’s growth into new asset classes.
The National Association of Private Fund Managers, along with the Alternative Investment Management Association and Managed Funds Association have filed a lawsuit asking the US Court of Appeals for the Fifth Circuit to invalidate two rules recently adopted by the
Aspect Capital, a London based hedge fund, will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, according to a report by The Business Times. The report cites two people
