The Credit Derivatives Determinations Committee will meet on Tuesday to consider whether a “governmental intervention credit event” occurred when Credit Suisse Group AG’s Additional Tier 1 bonds were written down as part of the Swiss Bank’s rescue by rival UBS,
Daniel Loeb, the founder of hedge fund Third Point Capital, has scrapped plans to acquire global speciality insurers SiriusPoint Ltd according to a report by Reuters citing a regulatory filing made on Friday.
Digital asset investment products saw a fourth consecutive week of outflows with $54 million withdrawn, bringing total outflows to $200 million, or 0.6% of total assets under management, according to the latest CoinShares Digital Assets Fund Flows Report.
A double-whammy of falling inflation and an unfriendly regulatory environment in the US has lessened bitcoin’s appeal, according to Paul Tudor Jones, founder of the $12 billion hedge fund firm Tudor Investment Corporation. Speaking on CNBC’s Squawk Box, Jones said:
Syz Group has partnered with Crest, the hedge fund selection arm of Hong Kong crypto manager CMCC Global, to launch SyzCrest Digital Uncorrelated, a new fund of crypto hedge funds, which will be available to investors from 1 July. The
Sterling’s recent rally, which has made it the best performing major currency in the developed world so far this year, may be nearing the end of its run as hedge funds are now cashing in on its 3%-plus gain against
Scion Asset Management, the hedge fund founded by Michael ‘Big Short’ Burry, placed wagers against several US regional banks following the demise of Silicon Valley Bank and Signature bank, according to a report by Reuters, citing securities filings released on
Arrowstreet Capital LLC, D1 Capital Partners and Coatue Management LLC were among the prominent hedge funds that acquired shares of Facebook parent Meta Platforms Inc during the first quarter of the year, according to a report by Reuters.
Justin Tang and Jin Rui Oh, two equity special situation specialists and former directors at United First Partners, have joined hedge fund Millennium Management in Singapore, according to a report by Reuters.
Hazeltree, a provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Jeremy Payne as the company’s new chief product officer to enhance the firm’s offering for both hedge fund private equity firms.
