A period of poor performance has prompted macro hedge fund major Brevan Howard to embark on a strategic cost cutting exercise which will see the Jersey-headquartered firm axe around 100 traders and middle and back-office staff, according to a report
Two years of losses at Lijaro Asset Management has prompted Founder Stephen Irving, who left Balyasny Asset Management to start the long-short equity hedge fund about four years ago, to return money to investors, according to a report by Bloomberg.
Multi-strategy major Millennium Management and Boston-based systematic global equity manager Arrowstreet Capital are among a number of hedge funds shorting the assets of UK water companies, after a crisis at Thames Water highlighted high debt levels across the industry, according
Citadel, the multi-strategy hedge fund major founded by Ken Griffin, and Citadel Securities, his market-making firm, are progressing with plans to build a new 1.8m sq ft skyscraper on New York’s Park Avenue, in partnership with Vornado Realty Trust and
An increasing proportion of new hedge fund managers are launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager earns a performance fee, according to the 2023 edition of the Seward & Kissel New Manager Hedge
Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, has still not raised the $3bn it has been looking to raise since late last year, according to a report by
A prolonged stock market retreat could prompt trend-following hedge funds to sell between $20bn and $42bn of US equities over the next month according to report by Reuters citing a note issued by the prime brokerage division at Goldman Sachs.
Hedge fund founder Sanjay Shah has been accused of masterminding a “meticulously pre-planned” cum-ex trading scheme that defrauded the Danish government of £1.4bn ($1.7bn) at a civil court case in London brought by Danish tax agency Skat.
Element Capital Management, the global macro hedge fund firm founded by Jeff Talpins, is planning to return around $4bn in external capital to clients as it looks to improve performance and focus on managing its own funds, according to a
Barington Capital, the fundamental, value-oriented activist hedge fund firm founded in 2000 by James A Mitarotonda, wants Paramount Global to scrap its exclusive merger talks with Skydance Media, according to a report by Reuters.
