Consolidation among sell-side providers of FX prime brokerage is causing increasing concern among hedge funds as they face the risk of reduced access to liquidity and operational disruption from moving to a new provider, a new report by Acuiti has
Daniel Och has ended his long-running feud with Sculptor Capital Management by agreeing to back a sweetened bid for the hedge fund he founded from real estate investment firm Rithm Capital, according to a report by The Financial Times.
Saba Capital, an American investment fund, is fundraising for a $500m fund that will look to take activist positions in UK investment trusts holding listed equity, according to a report by Investment Week.
Steve Cohen, of Point72 Asset Management, was quoted saying that the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year, according to a report by Bloomberg.
Global hedge funds are moving quickly to set up in India, a market that has previously received limited attention, according to a report by Reuters.
High-Flyer Quant, a China based hedge fund, has suspended its co-founder Xu Jin from work due to his “improper handling of a family matter”, according to a report by Reuters.
Izzy Englander, the billionaire founder of Millennium Management LLC, was quoted saying that there is “a talent bubble” in the hedge fund industry in part to long non-compete clauses which is forcing funds to pay more for better talent, according
Neil Phillips, the co-founder of Glen Point Capital, was found guilty of fraud by a federal court in Manhattan, according to a report by the Financial Review.
Odey Asset Management, is closing down its subsidiary Brook Asset Management, in light of a company wide change, after sexual harassment allegations were made against founder Crispin Odey, according to a report by Financial News.
JPMorgan Chase veterans, Ville Vaataja and Shigetoshi Kobayashi, have joined Brahman Capital Management Pte to run a macro fund targeting Japan’s interest rate market, according to a report by Bloomberg.
