Macro strategies led hedge fund industry gains in October with the HFRI Macro (Asset Weighted) Index advancing +0.7% to record its third consecutive month of positive performance, bringing the trailing three-month return to an impressive gain of +4.2%.
Reginaldo Takara has quit his role as Banco Santander’s Head of Credit Risk in Brazil to join Vinland Capital, a Brazilian hedge fund co-founded by former Goldman Sachs Group Inc partner Andre Laport, as Partner and Head of Credit Research,
Unlimited, an investment firm co-founded by former Bridgewater Associates executive Bob Elliott, is planning to launch a new tech-driven multi-manager-style hedge fund replication strategy, according to a report by MarketWatch.
Many of the global hedge fund industry’s large multi-strategy firms rose to the trading challenges presented by a difficult October and ended the month in positive performance territory, according to a report by Reuters.
Having spent much of the previous month adjusting to the US Federal Reserve’s apparent change to a ‘higher for longer’, approach to interest rates, and the subsequent spike in market volatility, hedge fund managers were faced with another switch in
Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg.
Pictet Alternative Advisors (PAA), the alternative investment arm of Swiss private bank and financial service company Pictet Group, has appointed Trudi Usher Boardman to the role of Head of Hedge Funds, effective 1 November 2023.
Citadel Securities, the market making and trading firm founded and majority owned by Citadel hedge fund boss Ken Griffin, has appointed Ioana Scripcaru, a former trader at investment bank BNP Paribas, to its London-based team, according to a report by
The European Energy Exchange has extended the tradable maturities for natural gas derivatives, to be available from 11 December 2023, with the new expiries complementing the maturities product line introduced earlier in the year on selected markets.
Alter Domus, a provider of tech-enabled fund administration, private debt, and corporate services for the alternative investment industry, has appointed Michael Janiszewski as its new Chief Operating Officer.
