Saba Capital, an American investment fund, is fundraising for a $500m fund that will look to take activist positions in UK investment trusts holding listed equity, according to a report by Investment Week.
Steve Cohen, of Point72 Asset Management, was quoted saying that the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year, according to a report by Bloomberg.
Hedge funds have remained in the green, year to date with only two exceptions, according to a report by Forbes that cites data from Citco and the PivotalPath Composite Index.
Global hedge funds are moving quickly to set up in India, a market that has previously received limited attention, according to a report by Reuters.
High-Flyer Quant, a China based hedge fund, has suspended its co-founder Xu Jin from work due to his “improper handling of a family matter”, according to a report by Reuters.
Exegy, a developer of trading solutions for the financial industry, ihas announced that FIX protocol support is now available on nxFramework, an FPGA-based development framework designed to reduce server resource consumption by as much as 10-20 times.
Värde Partners, a global alternative investment firm, has appointed Brad Bauer has joined to lead the firm as Co-Chief Executive Officer, along with current CEO Ilfryn Carstairs.
Millennium Advisors, a fixed income broker-dealer, has appointed Dylan Blair as a Managing Director and Global Head of US Dollar Credit Trading. Blair will be responsible for the coordination and management of Millennium’s global credit trading teams across a range
Izzy Englander, the billionaire founder of Millennium Management LLC, was quoted saying that there is “a talent bubble” in the hedge fund industry in part to long non-compete clauses which is forcing funds to pay more for better talent, according
Snapper Creek Energy, a data-driven commodity brokerage specialising in traditional, renewable, and transitional energy markets, has been launched energy industry veteran Sid Perkins.
