Some, but not all, US tech stocks are back in favour with hedge funds, according to a report by Bloomberg, with managers betting big on megacaps while reducing their overall holdings. The report cites data released by Goldman Sachs as
Sound Point Capital Management (Sound Point), a credit-focused investment manager with more than $30 billion in assets, has appointed Andrea Sayago as its new chief compliance officer and associate general counsel.
iCapital, a global fintech platform focused on access and efficiency in alternative investing for the asset and wealth management industries, is to acquire UBS Fund Advisor, UBS’s legacy proprietary US alternative investment manager and the feeder fund platform it manages.
Julian Robertson, founder of Tiger Management and the mentor to a generation of ‘Tiger Cub’ hedge fund managers, has died at the age of 90. Fraser Seiten, a longtime spokesperson for the billionaire investor, said on Tuesday that Robertson passed
Eventus, a global provider of multi-asset class trade surveillance and market risk solutions, has appointed Robbie McDonnell as sales director, Australia & New Zealand. McDonnell is a nearly 30-year veteran of financial markets technology, serving in a variety of senior
Following very strong performance throughout 2021 and a weak first quarter, hedge funds had further muted returns in Q2 – with commodities and hybrid capital funds again coming out on top – according to data from Citco. Analysing funds it administers,
A prominent advisory firm has advised shareholders in luxury goods company Richemont to vote against activist investor Bluebell Capital Partners board nominee at a forthcoming annual meeting, according to a report by SwissInfo. In a report on Monday, Institutional Shareholder
Hidden Road, a new prime broker focused on digital assets and foreign exchange has secured the backing of some of the world’s biggest trading houses and cryptocurrency firms, according to a report by Bloomberg. Hidden Road, which was founded in
Fairlight Asset Management, an Australia–based global equity manager, has selected SS&C Technologies’ Eze Eclipse as its front-to-back investment management platform. The emerging asset manager is the latest firm to join over 50 asset managers of all sizes leveraging Eze Eclipse
The Depository Trust & Clearing Corporation’s (DTCC) Project Ion platform, which is being developed as an alternative settlement platform leveraging distributed ledger technology (DLT), has gone live in a parallel production environment. The Project Ion platform is now parallel processing
