An electricity failure and subsequent shutdown of a BP refinery in the US sparked an oil sell-off as hedge funds and other money managers sold the equivalent of 86m barrels in the six most important petroleum-related futures and options contracts
On the heels of topping the Americas large-cap list for most shorted stock of 2023, Tesla was the most crowded security in January, with a score of 99, according to the latest Shortside Crowdedness Report from Hazeltree.
Genesis Global, a software provider geared towards financial markets organisations, has launched a web version of its multi-asset class middle-office solution, Trade Allocation Manager (TAM).
Soaring energy supplies coupled with subdued demand means that a further slump in EU carbon permits is on the cards, according to a report by Bloomberg citing veteran hedge fund manager Per Lekander, CEO of Clean Energy Transition.
Goldman Sachs & Co has achieved a greater than 99% same day affirmation rate and a significant improvement in settlement rates for transactions leveraging the Depository Trust & Clearing Corporation’s CTM’s Match to Instruct workflow in Q4 2023.
Luis Stuhlberger, the CEO and CIO of Verde Asset Management, a Sao Paolo-based hedge fund managing BRL24bn ($4.8bn) and one of the country’s largest independent asset managers, is looking to China’s smaller companies after the selloff in China’s equity market
Logan Capital Management, a Pennsylvania-based hedge fund manager running a series of separately managed accounts in equity and fixed-income strategies, has appointed Elizabeth Fugler as Managing Director of Institutional Sales and Client Service.
Global hedge funds bought more stocks than they sold for the second consecutive week last week, mainly in ‘cyclical’ sectors such as energy, industrials and materials, amid an “almost no panic” market, according to a report by Reuters.
Anthony Vaccarino, a former Portfolio Manager at Steve Cohen’s SAC Capital Advisors, has teamed up with his old boss again joining Point72 Asset Management’s capital markets team, where he will report to Andrew McEntire.
London-based asset management firm Silchester International Investors has built a 5% stake worth around £120m ($152m) in ITV, the UK’s largest commercial television broadcaster, according to a report by Morningstar citing regulatory filings.
