Hedge funds and other holders of $17 billion of Credit Suisse bonds have seen their investments wiped out completely under the terms of the bank’s $3 billion acquisition by rival UBS, according to a report by the Financial Times.
The Bermuda Monetary Authority has appointed Toby Mason as its next chief operating officer (COO), reporting to deputy chief executive officer Shanna Lespere. Mason will oversee the BMA’s infrastructure, supporting organisational growth and improving results and efficiency.Â
Digital asset investment products saw outflows for the sixth consecutive week totalling $95 million last week, with the five-week total reaching $406 million, or 1.2% of total assets under management, according the the latest Digital Assets Funds Flows Weekly report
Confluence Technologies, a global technology solutions provider for the investment management industry, has partnered with FundGuard, a cloud native, AI-powered, multi-asset class investment accounting platform.Â
Activist investment fund Enkraft, which owns stakes in several German energy firms, has accused renewables group ABO Wind of failing to provide investors with a clear strategic roadmap, according to a report by Reuters. Specifically, Enkraft – which says it
Pressure from US activist hedge fund DE Shaw has prompted Fleetcor Technologies, a provider of fuel cards and workforce payments products, to add two new board members and explore the possible sale of one or more of its businesses, according
A number of Credit Suisse Additional Tier 1 bond holders, who saw their investments written off completely under the terms of rival UBS’ rescue of the stricken bank, are talking to lawyers about possible legal action, according to a report
While US hedge fund Citadel is expecting a tighter credit environment following the latest banking crisis, the firm’s head of commodities, Sebastian Barrack, is predicting limited impact on global commodities, according to a report by Reuters.
CIFC Asset Management, an alternative credit specialist serving institutional investors globally with over $40 billion in assets under management, has appointed Anna Kunz as a managing director in the firm’s investor solutions group.Â
Crossover Markets Group, a digital asset trading technology firm focused on the liquidity requirements of institutions in the spot and derivative cryptocurrency markets, has launched CROSSx, an execution-only cryptocurrency Electronic Communication Network.Â
