Hedge funds have are to come under increased scrutiny from the Financial Conduct Authority, the UK financial markets watchdog following the pension crisis in late September, according to a report by Reuters.
Hestia Capital Management, one of the largest shareholders in Pitney Bowes, is planning to nominate a “majority slate” of board candidates at the shipping-and-mailing firm’s 2023 annual meeting of shareholders as it looks to oust the company’s current CEO and
A number of hedge funds have increased their short bets against tether, the $66 billion stablecoin that some industry insiders believe is a crypto catastrophe in-waiting, and potentially on a scale that would dwarf the recent demise of Sam Bankman-Fried’s
Faltering oil prices in the second half of the year have impacted commodity trader Pierre Andurand’s biggest hedge fund, with year to date gains having been pared to around 50% following stellar performance earlier in the year, according to a
Northern Trust has appointed Steven Reydel as Head of North America Fund Accounting and Michael McMaster as Head of North America Fund Administration. The company says both will play “a pivotal role in supporting ongoing growth in the Global Fund
Intercontinental Exchange, a global provider of data, technology and market infrastructure, has expanded the ICE Global Network in the Asia Pacific region, with new access centres in Hong Kong, Shanghai and Tokyo.Â
The new digital assets hedge fund launched by Brevan Howard Asset Management has come through this year’s cryptocurrency crash relatively unscathed, according to a report by Bloomberg, restricting losses to single figures. The report cites unnamed sources as revealing the
Tourmaline Partners, an outsourced trading solutions firm for hedge funds and other asset managers, has appointed Matt Ney as a managing director and senior equity trader in the the firm’s Connecticut headquarters. Ney joins Tourmaline Partners with fifteen years of
The US Commodity Futures Trading Commission has filed a lawsuit against hedge fund Glen Point Capital and its founder Neil Phillips over an alleged scheme to illegally trigger payouts on two options contracts totalling $30 million.
Bad bets on everything from currencies to commodities saw Brazil’s top-performing hedge fund over the past two years, the SPX Raptor Fund, record a record monthly loss in November, according to a report by BNN Bloomberg. The report cites a
