Nabil Oujjane, the founder of multi-strategy hedge fund firm Aster Capital Management, which manages funds on behalf of Schonfeld Strategic Advisors, is relocating from London to Dubai, joining the growing number of portfolio managers operating from the emirate, according to
Jain Global, the hedge fund firm founded by former Millennium Management Co-CIO Bobby Jain ended its first month of trading with a small loss of 0.65%, while rival multi-strategy firms, including Millennium and Ken Griffin’s Citadel, managed small gains, according
David Einhorn’s Greenlight Capital experienced a positive turnaround in July with a 3% climb, effectively rebounding from a significant loss in the previous month, according to a report by Institutional Investor.
South Korea has lost its appeal against a ruling that ordered the country to pay more than $100m to US hedge fund Elliott Management, according to a report by Reuters. The dispute centres on the 2015 merger of two Samsung
Goldman Sachs has revealed that hedge fund allocations to China have reached their lowest level in five years, amid heightened investor apprehensions about the country’s economic prospects and regulatory landscape, according to a report by Reuters.
New York-headquartered multi-strategy hedge fund firm Walleye Capital is to close its Houston office, with Jim Rowe, Senior Portfolio Manager and Managing Director, also leaving the business, according to a report by Bloomberg.
Several high-profile hedge funds including Balyasny, Man Group, Winton and Bridgewater Associates are rekindling their interest in portable alpha strategies, which seek to ‘decouple’ alpha from beta to capture market-beating returns, according to a report by Business Insider.
As the path of interest rates in Europe becomes clearer, hedge funds are increasingly capitalising on range-bound markets by systematically selling rates volatility, according to a report by Risk.net, citing data from dealers.
Former Liontrust Tortoise fund managers Matthew Smith and Tom Morris have launched their new hedge fund, QSM Capital, which aims to differentiate itself by offering a blend of traditional and alternative investment strategies.
Pershing Square has abruptly cancelled the IPO of Pershing Square USA, just days before it was set to debut on the New York Stock Exchange, and months after founder Bill Ackman suggested it would be one of the largest IPOs
