LTX, a subsidiary of Broadridge Financial Solutions Inc, has completed a successful migration of its AI-powered corporate bond e-trading platform for buy-side investors and dealers to Amazon Web Services.Â
Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy.Â
Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.
After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator
Brevan Howard, the Jersey-headquartered global macro hedge fund firm, has continued its recent hiring spree with the appointment of Subhek Garg, a former managing director at Goldman Sachs, as its new chief technology officer based in the firm’s New York
New hedge fund launches were on the rise in Q4 2022 as the industry headed into 2023, with 96 funds making their debut, rising from 71, the lowest level since Q4 2008, in the prior quarter, according to the latest
Pierre Andurand’s main hedge fund has lost about 40% since the start of 2023 after the banking crisis caused panic in commodities markets, making the famed oil trader one of the hedge fund world’s biggest losers so far this year,
The Depository Trust & Clearing Corporation has launched a new LIBOR Benchmark Replacement Index solution to support the finance industry’s transition from LIBOR benchmark rates to Secured Overnight Financing Rate Data (SOFR) as well as other new fallback rate indices
Hedge fund Luxor Capital has made a last-ditch attempt to prevent the merger of auctioneer Ritchie Bros (RBA) with rival IAA Inc, by urging shareholders to oppose the proposed deal ahead of today’s special meeting of RBA shareholders. Despite the
Rodrigo Ostik has become the latest bank trader to join BlueCrest, with the London head of sterling rates and inflation trading at Japanese bank Mizuho joining the firm as a portfolio manager based in London, according to a report by
