Clough Capital Partners, a hedge fund firm with $1.3bn in client assets under management, has entered the active ETF space by assuming management of the Changebridge Select Equity ETF (BSE) and the Changebridge Long/Short Equity ETF (CBLS).
NewGAMe, the activist investment group closing in on a takeover of Swiss asset manager GAM, has named hedge fund veteran Randel Freeman as its preferred candidate for the role of chief executive, according to a report by Financial News.
FIFTHDELTA, a long-short hedge fund founder by former Citadel traders Niall O’Keeffe and Tio Charbaghi, which was one of Europe’s biggest hedge fund launches in 2021, has seen YTD losses hit 25% after a 13% fall in July, according to
Flows of new investor cash into funds managed by several Tiger Cubs – one-time protégés of Tiger Management founder Julian Robertson – have slowed dramatically after they posted some of their worst returns on record, according to a report by
Despite a predicted boom in allocations to alternative investments including hedge funds, private equity, private credit, and real estate, fundraising has slowed significantly in 2023, according to a report from the Financial Times.
Hedge fund MFN Partners is pushing for the establishment of an official committee to represent shareholder interests in logistics company Yellow’s bankruptcy case, according to a report by the Wall Street Journal citing a securities filing.
Hedge funds are likely expanding their basis trade activity, which exploits the price differences between future and their underlying bonds, with short sales of US Treasury futures having surged, according to a report by Bloomberg.
Investors in Lone Pine Capital, the hedge fund firm founded by Steve Mandel, made investment redemptions totalling around $3bn in the 12 month period to the end of June, despite performance recovering from a challenging 2022, according to a report
Hedge funds have upped their exposure to the seven biggest technology company stocks to the highest level ever seen, just as Nvidia hit an all-time individual high after exceeding revenue expectations, according to a report by Reuters.
South Korea’s DGB Financial Group has appointed Choi Youngwook, a former long-short hedge fund manager at Daewoo Securities’ now defunct Hong Kong subsidiary, as boss of its new asset management firm in Singapore, according to a report by Korea Economic
