Odey Asset Management has suspended withdrawals from two more funds – the Special Situations and Odey Portfolio funds – in response to mounting redemption pressure following sexual assault allegations against its founder Crispin Odey, according to reports.
The Citco group of companies has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.
Transaction Network Services has enhanced its European backbone, aimed at delivering increased capacity to support an ever-increasing volume of market data from multiple exchanges to any location across Europe.Â
Elliott Associates and Jane Street Global Trading’s $475 million lawsuit over the controversial cancellation of nickel trades by the London Metal Exchange in March last year, is due to get underway in a court in London today (20 June), reports
In an attempt to restore order after the removal of Odey Asset Management founder  Crispin Odey amid allegations of sexual abuse and harassment of 13 women, the Financial Conduct Authority has imposed restrictions on the movement of cash and assets
Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, has raised between $100 million and $150 million for a new long-short equity fund, making it one of the largest China-focused hedge fund launches
The Bank of England has launched the first stress test for hedge funds, pension funds and other financial firms as it looks to glean insight into how they would behave under pressure and how this could threaten the UK’s financial
Torstone Technology, a global SaaS platform provider for post-trade securities and derivatives processing and risk management, has appointed Neil Mardon as the company’s new chief financial officer (CFO). Mardon is also joining Torstone’s Board of Directors. Mardon previously served as
Finalto, a specialist in multi-channel trading software, systems and liquidity services for hedge funds, brokers and other financial institutions, has appointed Kenneth Lim as the firm’s new head of liquidity Asia. Lim has a wealth of experience in the financial
Clear Street, an independent, non-bank prime broker, has hired Kevin McCarthy as the firm’s first chief administrative officer and head of clearing, reporting to co-founder and chief executive officer Chris Pento.
