Shipping and mailing company Pitney Bowes Inc is being pushed to re-evaluate its capital allocation and e-commerce strategy by hedge fund Hestia Capital Partners, according to a report by Reuters.
Societe Generale is to merge large parts of its equities business with AllianceBernstein, with the companies having agreed to merge their cash equities trading and research units in a joint venture, according to a report by Bloomberg.
Blockchain specialist Quant has partnered with UST, a digital transformation solutions company, to provide technical integration and tokenisation services to central and commercial banks and capital markets participants. These services will help financial institutions adopt digital assets, as they increasingly
Britannia Financial Group has expanded Britannia Global Markets Limited’s Prime Brokerage offering, to include the trading of FX, index and commodity CFDs. The new offering will be supported by several technology platforms, including Lucera, PrimeXM, MetaQuotes and MaxxTrader.
Hildene Capital Management, a $12 billion credit-focused asset manager, has formed Ludlow Re SPC, Ltd, a Cayman Islands-based, Class B(iii) insurance company.
The Depository Trust & Clearing Corporation has launched DTCC Report Hub assisted reporting model, allowing sell-side firms to assist their buy-side clients with regulatory reporting obligations around the world.Â
Microsoft has replaced Amazon.com as the favourite long position for hedge funds, according to a report by Dow Jones Newswires, with Goldman Sachs analysis revealing that 82 funds now have Microsoft as a top ten portfolio holding.
SS&C Technologies Holdings’ SS&C GlobeOp Forward Redemption Indicator measured 3.39% for November 2022, up from 2.35% in October. “SS&C GlobeOp’s Forward Redemption Indicator for November 2022 was 3.39%. Although higher than the 2.28% recorded a year ago, this level is
Su Zhu, co-founder of failed cryptocurrency hedge fund Three Arrows Capital (3AC), believes that the collapse of Sam Bankman-Fried’s FTX empire could set the cryptocurrency back by up sebve or eight years, according to a report by Bloomberg.
Short digital asset investment product inflows represented 75% of total inflows last week suggesting on aggregate sentiment was deeply negative for the asset class, according to the latest Digital Asset Fund Flows Weekly report from CoinShares. Total AuM is now
