ExodusPoint Capital Management, Millennium Management, and Citadel are among a group of around 10 hedge fund firms that dominate the so-called basis-trade, that looks to generate returns on the tiny price gaps between bond futures and their underlying US Treasuries,
Liquidnet, a technology-driven agency execution specialist, is to integrate bondIT’s Scorable Credit Analytics into its Fixed Income electronic trading platform to help traders anticipate market trends and mitigate credit risk.
GCW Global Customised Wealth, a provider of investment management solutions to sophisticated individual investors and institutions, has formed a strategic relationship with North Carolina-based hedge fund-of-funds Collwick Capital.
Wellesley Asset Management, an asset manager specialising in convertible bonds, has added David Clott, founder of the Morley (Aviva) Convertible Arbitrage hedge fund, to its Portfolio Management team.
The UK’s Financial Conduct Authority has concluded its investigation into Odey Asset Management, and will not take any action against the London-based hedge fund firm, which closed this year following allegations of sexual misconduct against founder Crispin Odey, according to
Global hedge funds have moved to cover their bearish bests against US-listed companies prompted by the unexpected rally in US shares following last week’s Federal Reserve meeting, according to a report by Reuters.
Bombardier Inc is to face a law suit brought by three hedge funds – Antara Capital Master Fund, Corbin Erisa Opportunity Fund and Corbin Opportunity Fund – over an alleged default by the jet maker on some of its bonds
Formidium, a specialist in fund administration and technology, has appointed John Manley as its new Chief Marketing Officer as part of a wider initiative to grow its presence in the hedge fund sector.
Calderwood, a Cayman Islands boutique fund governance firm, has expanded its senior team with two key appointments – Jason Perras and Rena Strecker – who both join as Independent Directors.
Hedge funds finished November up 1.99% according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index declined 0.47% in December.
