Crispin Odey’s flagship European Inc hedge fund recorded its best performance last year since launching back in 1991 driven largely by a series of winning bets on spiralling inflation, according to a report by Bloomberg.
Elliott Investment Management, the activist hedge fund firm run by Paul Singer, has built a sizeable holding in utility owner PPL Corp and is helping to shape the company’s new business plan, according to a report by Bloomberg.
Dinosaur Financial Group, a New York-based brokerage firm serving institutions, family offices, asset managers, hedge funds, banks, dealers, and corporations, has appointed Kirk Sauer as managing director, emerging markets.
Formidium, a provider of third-party fund administration and back-office technology solutions, has launched Crypto Fund Tax, a full suite of tax services, including tax allocations, reporting, and filings for funds invested in digital assets. Crypto Fund Tax is aimed at
Investors are set to favour large hedge funds in 2023, with data from Agecroft Partners suggesting that the top 5% of the world’s hedge fund managers will take 80-90% of investor inflows this year, according to a report by Reuters.
Speculation that a slowdown in inflation and economic growth will force the US Federal Reserve to begin easing monetary policy in the second half of the year has prompted hedge funds to build up record long positions in short-term interest-rate
New hedge fund launches in the third quarter of 2022 fell lower than the prior quarter, reaching their lowest level since Q4 2008, according to new data released by HFR.
Ken Griffin’s $54.5 billion Citadel hedge fund business and Citadel Securities electronic trading division both recorded record revenues in 2022, according to a report by the Wall Street Journal. Â
Apex Group has completed its acquisition of the fund services and third-party management company business operations of Maitland International Holdings, an international fund services provider.
Align, a provider of technology infrastructure solutions and managed IT Services, has appointed Dan Lyons as managing director of business development for Align Managed Services. He previously served as director of business development.
