London-based hedge fund firm Marshall Wace has appointed Amit Rajpal as managing partner and portfolio manager. In his new role, Rajpal will report directly to Paul Marshal, co-founder of the firm, which began operations in 1997 managing $50 million and
Hedge funds are set to profit from the rout in bank stocks triggered by the sudden demise of Silicon Valley Bank and Signature Bank thanks to bearish positions against the banking sector, according to a report by Reuters.
Stax LLC, a global strategy consulting firm specialising in commercial due diligence, value creation, and exit planning for private equity firms, PE-backed companies, hedge funds, and investment banks, has opened a new office in London, which will serve as the
Parameta Solutions, a provider of OTC indicative and trade data, and Numerix, an OTC analytics and derivatives pricing company, have formed a new partnership to develop automated, independent, fair valuations of OTC derivatives to market participants. With the ability to
RBC BlueBay Asset Management has appointed Ian Clarke as Senior ESG Analyst, as the firm continues to incorporate environmental, social and governance considerations across its BlueBay fixed income investment platform.
According to a new study from fintech Exabel, over half (53%) of portfolio managers and investment analysts who focus on fundamental investing say an overload of alternative data and the difficulty in prioritising it, is the biggest challenge to extracting
Activist investor Carl Icahn is preparing to launch a proxy fight at Illumina, seeking three board seats, prompted by the biotech company’s $8 billion acquisition of cancer screening start-up Grail, which Icahn says is now costing the company $800 million
Apjit Walia, a tech veteran with over 20 years experience researching technology companies as a sell-side analyst, and running portfolios at some of the largest global macro hedge funds, is launching DVN Capital, a global macro and technology hedge fund.
Several hedge funds including Citadel have been buying up shares in smaller banks, after the failure of Silicon Valley Bank and Signature Bank triggered a banking sector stock sell-off, according to a report by Reuters. The report cites a regulatory
Man Group chief executive officer Luke Ellis earned $11.3 million in 2022 from his base salary, bonus payment and share grants, the largest pay packet of any Man Group head in the last 14 years, according to a report by
