Steve Cohen’s Point72 has been granted regulatory approval in the UK, a decade after his previous firm paid a record $1.8 billion in fines after pleading guilty to insider trading charges, according to a report by the Financial Times. The
Activist investor Elliott Management Corp has acquired a multi-billion dollar holding in cloud-based software firm Salesforce Inc, but has yet to reveal its strategy for increasing value at the company, according to a report by Reuters. The report cites a
Activist investor Chris Hohn’s TCI Fund made its first loss in 13 years in 2022 with the fund ending the year 18% down as Stockmarket prices tumbled during a widespread sell-off in growth stocks, according to a report by Bloomberg.
Ken Griffin’s Citadel is now the best ever performing hedge fund in terms of annual returns having chalked up a $16 billion profit for investors in 2022 on the back of a raft of winning wagers including bonds and equities,
Diligend, a cloud-based, digital due diligence software platform for the investment management industry, has rebranded as Dasseti. The rebrand comes alongside the successful close of the firm’s Series A Financing led by Nasdaq Ventures.
Apex Group is to acquire Bank of America Custodial Services (Ireland) Limited, the Irish depositary business of Bank of America. Apex will acquire BACSIL through its subsidiary European Depositary Bank.
PwC’s UK Deals Insights and Analytics team has chosen Doorda Data Products to augment its analytics capabilities for hedge fund, private equity, and corporate clients. Doorda researches, consolidates, links and updates open data from hundreds of publishers into a cloud data
California Public Employees’ Retirement System, the largest public pension fund in the US, may start investing in hedge funds again nearly nine years after its high-profile exit from the asset class.
Yasho Lahiri has joined Kramer Levin as a partner in the firm’s New York office. He will practice in the Investment Management group, broadening its private fund formation practice.
McKay Brothers International’s Josada team has extended its lowest latency market data service into Shanghai, with MBI claiming that its Quincy Extreme Data service is now the fastest way to receive select CME and ICE Futures market data, including: energy,
