Balyasny Asset Management has continued to build out its senior team in Dubai with the appointment of Tarek Rizk, the Global Head of Alternative Investments at the Abu Dhabi Investment Authority (ADIA), as its new head of the Mena region,
Rithm Capital Corp, a New York-based asset manager focused on the real estate and financial services industries, is to acquire $34bn hedge fund firm Sculptor Capital Management in a transaction valued at approximately $639m.
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, is to launch Clearwater-GPT, which the company says is the world’s first generative AI technology for investment management. The new offering, which is expected to be available
Members of the Hedge Fund Association, an international nonprofit trade and nonpartisan lobbying organisation for the alternative investment industry, have re-elected Alexander Reyes, and elected Paul Gray, Rob Hartnett and Krista Oldfield, to serve on the association’s 2023 Global Board
Elliott Investment Management’s long-running dispute with the South Korean government still has someway to go after Justice Minister Han Dong-hoon revealed a new law suit aimed at reversing a decision by an international tribunal to award the US hedge fund
M1 Capital, a South Africa-domiciled specialist equity hedge fund investment firm, is suing its prime broker Credit Suisse for $100m over an allegedly incorrect margin call, according to a report by Financial News. In its claim, M1 alleges that Credit
Converium Capital, a hedge fund firm founded by former Fir Tree partners Aaron Stern, and Elliot Ruda, and ex-Clarke executive Michael Rapps in 2021, is sticking with its bet on El Salvador bonds, despite the debt posting a 180% return
TMR Capital, a British Virgin Islands-based activist investment hedge fund, firm wants to see the break-up of Wagamama owner The Restaurant Group, and is eyeing a bid for two of the company’s four divisions, according to a report by The
Advantage Futures, one of highest volume clearing firms in the futures industry, has partnered with Validus, a global provider of multi-asset class trade surveillance, market risk and algo monitoring solutions, to meet its trade surveillance needs. The Validus platform is
Point72 Asset Management, the $27.2bn hedge fund firm founded by Steve Cohen, has continued its recent hiring spree with the addition of portfolio managers in both New York and London, according to a report by eFinancial Careers. Siddharth Mehla joined
