David Tovey, who was a BlackRock fund manager until 2021, is part of a team that plans to launch a hedge fund based in London and Zurich in the first quarter of 2024, according to a report by Reuters.
Billionaire Michael Platt’s hedge fund-turned family office BlueCrest Capital has largely lost a legal battle at the Court of Appeal in London, meaning that partners at the firm are now are liable to pay a higher rate of tax on
The SS&C GlobeOp Forward Redemption Indicator, which represents redemption notices received from investors in hedge funds administered by SS&C GlobeOp, measured 3.64% for December 2023, up from 3.49% in November.
Derivatives and securities exchange network Cboe Global Markets is to launch Tuesday and Thursday-expiring Russell 2000 Index weekly options and Mini-Russell 2000 Index weekly options, beginning Monday, 8 January, 2024.
The founders of collapsed cryptocurrency hedge fund Three Arrows Capital (3AC) have been hit with a worldwide freeze on $1.14bn of assets ordered by a court in the British Virgin Islands, according to a report by Barrons.
Solomar, the investment arm of the family office of the Sonnenbergs, the Dutch family behind multi-national window blind manufacturing business Hunter Douglas, is upping its hedge fund investment allocations, according to a report by Bloomberg.
Boston-based systematic hedge fund firm Acadian Asset Management (Acadian) has appointed Kelly Young as its new Chief Executive Officer. Young will retain her seat on the Acadian Executive Committee.
Options Technology, a Capital Markets services provider, has promoted Jenni Sellick to the position of Vice President, Legal and Commercial Manager as part of the company’s long-term succession strategy.
Hedge funds enjoyed stellar performance in November, posting the strongest returns seen since January, with an overall average weighted return of 3.3%, according to new data from $1.8tn global alternative investment asset servicer Citco.
South Korea’s Financial Services Commission has issued fines totalling over KRW2bn ($1.54m) to three unnamed global hedge fund firms over a series of alleged unfair stock transactions, according to a report by Reuters.
