CQS founder Michael Hintze is expected to relaunch his flagship hedge fund at new firm Deltroit Asset Management in March having agreed the sale of the $13.5bn CQS credit platform and the CQS brand to Manulife Investment Management in November
BP is facing calls to ditch its commitment to cut oil and gas output as well other key parts of its strategy to make the company a provider of clean energy from activist investor, Bluebell Capital Partners, according to a
Wrong-way bets on mortgage bonds and a recession saw Deer Park Road Management’s flagship hedge fund post its biggest annual loss since the fund began trading in 2008, according to a report by Bloomberg.
Millennium Management, the multi-strategy major founded by Izzy Englander, has pulled cash from Meridiem Capital Partners, three years after backing the stock-focused hedge fund to the tune of $1.5bn, according to a report by Bloomberg.
Law firm Otterbourg has promoted Michael Rich, who represents banks, hedge funds, PE funds, commercial finance companies and other institutional to a Member of the firm in its banking and finance department.
The SS&C GlobeOp Forward Redemption Indicator, which measures redemption notices received from investors in hedge funds administered by SS&C GlobeOp, measured 2.03% for January, down from 3.64% in December.
Crypto hedge funds’ AUM jumped in Q4 2023 to $15.2bn, a 41.62% increase on the previous total of $10.75bn, with fundamental strategies holding $11.4bn, quant directional funds $1.8bn, and market neutral funds $1.9n, according to the 2024 Institutional Crypto Hedge
Multi-strategy major Bridgewater Associates is splashing the cash in a bid to secure future data talent, with Ray Dalio’s Connecticut-based hedge fund currently offering to pay $41,000 for eight-week investment engineer internships, according to a report by Financial News.
Having agreed to pay more than $19m to settle US SEC charges relating to improper bond trading, hedge fund Chatham Asset Management is now looking to recoup those costs, plus damages, from its compliance adviser Advisor Compliance Associates, according to
Optima Partners, a global regulatory compliance and risk management advisory firm, has appointed Michele Foldenauer, most recently an Exam Manager in the private funds unit of the SEC’s National Exam Program, as a Director.
