Bridgewater Associates is planning to cap the size of its flagship hedge funds, invest more in artificial intelligence and machine learning, and cut up to 100 jobs, as part of a restructuring plan aimed at boosting returns, increasing profitability and
Fintech specialist Broadridge Financial Solutions, has appointed Wout Kalis as Head of Asia Pacific for Broadridge Asset Management Solutions. As well as driving growth and product expansion, Kalis will oversee day-to-day operations and provide senior asset management leadership in the
McKay Brothers has deployed the lowest latency private bandwidth from Aurora, Illinois to Toronto. McKay’s newest route connects the futures markets at the CME with the cash equity markets of TMX in Toronto in less than 4.3 milliseconds one way.
Bybit, the world’s third most visited crypto exchange, has partnered with Talos, an institutional digital asset trading technology specialist, to provide ‘streamlined’ access to institutions looking to get into the crypto space via the Talos platform. The integration combines Talos’s
Gramercy Funds Management, a $5 billion investment manager focused on emerging markets, has appointed Tom Humphrey to the newly created role of President. Bill Foley will also be joining the firm as a managing director and senior member of the
Dan Loeb, the founder of activist hedge fund Third Point Management, has acquired a passive stake in multinational semiconductor manufacturer AMD, according to a report by CNBC. The report cites unnamed sources as revealing that Loeb took up the position
The Managed Funds Association, a trade body for the hedge fund industry, has written a letter to the UK’s HM Treasury suggesting that the requirement for hedge funds to publicly disclose their short positions should be ditched in favour of
Bridgewater Associates has appointed Christopher Palazzolo as head of Europe and global sustainable investment partnerships, according to a report by Pensions & Investment Online. Palazzolo reportedly joined the $138 billion hedge fund firm at the end of last month. Palazzolo’s
Coinbase has acquired One River Digital Asset Management, a digital asset manager and SEC-registered investment adviser, from One River Asset Management, according to a report by the Wall Street Journal.
Bridgewater Associates has raised over $800 million for a new hedge fund strategy designed to protect investments during equity bear markets by generating returns negatively correlated to equities, according to a report by Reuters.
