Companies with higher diversity at board level are more vulnerable to attacks from activist hedge fund investors, according to a report by The Daily Telegraph citing a new study by academics at the Rotterdam School of Management.
The Bank of England has identified a leveraged trade in US Treasury futures that has regained popularity with hedge funds, as one of the bigger risks to global financial stability, according to a report by The Financial Times.
The UK government wants to see an end to the requirement that hedge funds must publicly disclose their large short positions in company stocks, as the practice encourages copycat trades and risks short squeezes, according to a report by Bloomberg.
Former Millennium Co-CIO Bobby Jain has tapped Elliot Management veteran Jamie Hobbeheydar to head up investor relations and marketing at the new multi-strategy, multi-manager firm he is set to launch next year, according to a report by Bloomberg.
Chris Rokos’s macro hedge fund has almost recovered from the losses it incurred earlier in the year because of wild swings in global interest rate markets, having posted a 4% gain last month on the back of a 5% return
LTX, a subsidiary of fintech Broadridge Financial Solutions, has completed the next phase of a multi-year partnership with Aladdin, BlackRock’s institutional investment management and operations platform, to enhance corporate bond trading workflows. The integration, which incorporates LTX’s Liquidity Cloud and
Clear Street, a New York-based independent prime broker, is to expand into the futures clearing market with the acquisition of React Consulting Services (React) and its proprietary, cloud-native futures clearing platform, BASIS.
Argentina’s looming presidential election, which could herald a change in regime, has prompted Vista Capital, the manager of one of Brazil’s best-performing hedge funds, to build a position in the country through ADRs, according to a report by Reuters.
The UK’s financial watchdog the Financial Conduct Authority has fined broker Bastion Capital London £2.45m for facilitating over £70bn in so-called ‘cum-ex’ trades of Belgian and Danish stocks on behalf of clients of hedge fund Solo Group.
Millennium has added another Goldman Sachs commodities trader to its team, with Katie Edin, a Vice President in the bank’s natural gas trading division in New York, joining the multi-strategy hedge fund major, according to a report by eFinancial Careers.
