Oaktree is one of a number of hedge funds and banks offering to acquire deposits held by startups at the failed Silicon Valley Bank, but only at steep discounts, according to reports.Â
Bainbridge Partners is to acquire three alternatives strategies from GAM Investments – GAM Opportunistic Credit, GAM Diversity and GAM Trading II – with combined assets of 80 million Swiss francs ($87 million), according to a report by Pensions & Investments.
Listed hedge fund Man Group saw the price of its shares surge by up to 10% in early trading on Tuesday as news that earning from performance fees last year hit their highest level since before the global financial crisis
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
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
A London-based macro sales team at Goldman Sachs led by Nohshad Shah, Goldman’s co-head of EMEA interest rates sales, and managing director Ishaan Sethi, has jumped ship to join a hedge fund just weeks after bonuses were paid, according to
Brevan Howard has appointed Owen Coughlan, the former head of euro swaps trading at NatWest Markets, as a portfolio manager based in London, according to a report by eFinancial Careers. The report cites Coughlan’s LinkedIn profile as revealing that he
GoldenTree Asset Management has become the latest hedge fund to announce plans to extend operations to Dubai, with news that the New York-based credit trading specialist is to open a new ‘representative office’ in the Dubai International Financial Centre.
Man Group managed to pull in $3.1 billion in net inflows last year, “despite clear headwinds elsewhere in the asset management industry”, with assets under management rising to $143.3 billion at 31 December, 2022, up from $138.4 billion as at
AIR Asset Management, a Chicago-based hedge fund management firm focused on investing in life settlements, private credit, and annuities, has partnered with Kerberos Capital Management, a private credit asset management firm that specialises in direct lending to law firms.Â
