Emerging alternative investment managers are prioritising the acquisition of top talent, and investments in third-party data providers and technology platforms as they look to grow their businesses in 2023, according to a new report by alternative investments fintech Dynamo Software.
Digital asset investment products saw outflows totalling $54 million last week, representing the third consecutive week of negative sentiment for the asset class, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares. Bitcoin saw $32 million of
The Managed Funds Association has submitted a comment letter to the US Securities and Exchange Commission calling for the proposed custody rule to be withdrawn and only re-proposed after addressing fundamental flaws with the proposal and conducting a thorough cost-benefit
Activist investor Hestia Capital Management has had four of its five director candidates elected to the board Pitney Bowes following a campaign criticising the century-old shipping-services company’s capital allocation and lagging share price, according to a report by Reuters. As
James Beeston, a former managing director and co-head of EMEA prime brokerage at Morgan Stanley who joined London-based hedge fund Marble Bar in March 2023, has quit the firm after just three months, according to a report by eFinancial Careers.
On-going bouts of market volatility coupled with the current turmoil in the banking sector have seen global hedge fund launches slump to the lowest level seen since 2017, according to a report by Reuters, citing information from data services provider
The Managed Funds Association, the trade association for the global alternative asset management industry, has appointed Rachel Grand as vice president and senior counsel, based in the association’s New York office.
The ‘Great Resignation’ has had big impact on hedge fund IT management strategies with 87% of firms looking to increase outsourcing due to high employee turnover and increased labour costs, according to the latest edition of Hedge Fund Managed IT
Veteran hedge fund manager Sushil Wadhwani has warned that a deeply divided US Congress may push the country to the brink of a default and credit downgrade before it resolves its current standoff over the debt ceiling, according to a
Having bought discounted bank equities in March during the market turmoil triggered by the collapse of Silicon Valley Bank and Signature Bank, hedge funds reduced their exposure to financial stocks in April, according to a report by Reuters.
