Lacklustre returns and a 90% fall in assets in the last four years has prompted Blackstone to close down the Blackstone Diversified Multi-Strategy fund which provided investors with exposure to a range of hedge funds and other trading strategies,
Global alternative investment manager, Cheyne Capital, is looking to raise £7.5bn for the next iterations of its Cheyne Real Estate Credit Holdings (CRECH) programme to help fulfil UK and European borrower demand.
Rithm Capital Corp has finally come out on top in the battle to acquire Sculptor Capital Management and its $32,8bn in assets under management, having on Friday completed a $12.70 per share takeover in a deal valued at approximately $719.8m.
Bruno Magalhaes, a former portfolio manager at Autonomy Capital Research, is to join Brazilian hedge-fund major SPX Capital, after shutting down the hedge fund he helped launch in Brazil just two years ago, according to a report by Bloomberg.
RQD* Clearing, a correspondent clearing services provider, has added Tom Miglis, former Chief Information Officer of Citadel and current Investment Partner at Nyca Partners, to its Board of Directors.
Manulife Investment Management, the global wealth and asset management operation of Canada’s Manulife Financial Corporation, is to boost its footprint in the private credit space with the acquisition of London-based, multi-sector alternative credit manager CQS.
TOP STORY: A significant US stock rally prompted by softer than expected inflation news, saw global hedge funds that use algorithms to trade, suffer their second worst single day of trading so far this year, according to a report by
US hedge fund Schonfeld Strategic Advisors has told 150 of its 1,000 employees that they are losing their jobs as the firm looks to cut costs in the wake of its failed tie-up talks with Millennium Management, according to a
Hedge funds are playing an important role in boosting liquidity by helping to fill a void in European government bond markets created by a reduction in central bank activity in the space, according to a report by Reuters.
A series of well-timed bets against wind energy stocks have generated positive returns for a number of investment firms, including hedge fund Marshall Wace and quantitative trading firm Qube Research & Technologies, according to a report by The Financial Times.
