Citigroup is sharpening its focus on hedge funds as part of a broader expansion of its markets and prime-linked business, with the bank targeting up to $700bn in hedge fund-related prime balances, according to a report by Bloomberg.
Saba Capital Management has secured a significant liquidity-focused agreement for shareholders of Herald Investment Trust, marking what the activist investor describes as its sixth successful outcome from seven initial UK investment trust campaigns.
Crispin Odey, the former hedge fund manager and founder of Odey Asset Management, has indicated he may pursue settlements with five women bringing civil claims against him over alleged sexual misconduct, ahead of a scheduled High Court trial in London,
TOP STORY: Hedge funds delivered strong performance in April by rapidly repositioning portfolios around geopolitical developments, with nimble trading strategies and fast allocation shifts proving key to capturing gains across volatile markets, according to a report by Reuters.
Workspace Group, the London-listed provider of flexible office space, is considering the possible disposal of its most valuable property as it seeks to strengthen its balance sheet while facing ongoing pressure from activist investor Saba Capital, according to a report
Bond markets are increasingly pricing in the possibility that the Federal Reserve’s next move could be a rate hike rather than a cut, as investors reassess the policy outlook ahead of Kevin Warsh’s expected tenure as Fed chair, according to
Man Group, one of the world’s largest listed alternative investment firms with approximately $228.7bn, is moving forward with plans to establish a presence in Abu Dhabi and has submitted an application for a license to operate in the emirate.
The UK Financial Conduct Authority (FCA) has defended its decision to fine and ban hedge fund manager Crispin Odey from the financial sector, telling a London tribunal that he had demonstrated a pattern of “threats, distortion of facts and falsification”
European natural gas traders are increasingly turning to options markets to protect against a potential surge in prices next winter, as ongoing conflict in the Middle East continues to disrupt global energy flows, according to a report by Bloomberg.
Hedge fund Citadel is accelerating its expansion in Miami, according to billionaire founder and CEO Ken Griffin, as debate intensifies over New York City’s proposed tax measures targeting high-value second homes, according to a report by Reuters.
