The UK’s Financial Conduct Authority has concluded its investigation into Odey Asset Management, and will not take any action against the London-based hedge fund firm, which closed this year following allegations of sexual misconduct against founder Crispin Odey, according to
Global hedge funds have moved to cover their bearish bests against US-listed companies prompted by the unexpected rally in US shares following last week’s Federal Reserve meeting, according to a report by Reuters.
Activist hedge fund investor Carl Icahn is gearing up for a second board challenge at Ilumina as he looks to oust directors at the gene-sequencing company just months after shareholders elected one of his director candidates, according to a report
Multi-strategy hedge fund major Millennium Management is moving its European HQ to the firm’s former offices in Mayfair following a complete overhaul and extension of the property, according to a report by the Evening Standard.
Ernst & Young, the receiver for failed Canadian hedge fund Traynor Ridge Capital Inc has said that efforts to wind don the company have so far found only $3m in cash, a fraction of the $94m in assets the firm
SCIO, a lender specialising in European asset-based credit, focuses on providing long-term value to investors and borrowers alike. Partner & CIO Greg Branch chats to Hedgeweek about some of the current challenges and opportunities in the space and the outlook
Hedge funds and other large speculators switched to a net short position against the dollar last week for the first time since September amid growing expectations that the Federal Reserve will soon move to “non-recessionary” interest-rate cuts, according to a
Hedge fund Elliott Associates has been granted permission to appeal its court defeat over the London Metal Exchange’s (LME) decision to suspend nickel trading and cancel billions of dollars of trades last year, according to a report by Bloomberg.
Canadian financial institution ATB Capital Markets has been granted a mandate to sell the remaining assets of failed Toronto-based hedge fund Traynor Ridge Capital Inc, which collapsed last month following the sudden death of its founder, according to a report
The hedge fund managed by Pierre Andurand, an oil trader, is set to have its worst ever loss, after its bets on oil futures failed to pay off, according to a report by Bloomberg.
