UK hedge funds and financial firms are expressing concern after the government revived plans to reform non-compete clauses in employment contracts, raising the prospect of an outright ban or tighter time limits, according to a report by Bloomberg. Proposals published
Hedge fund Citadel has introduced an artificial intelligence–powered research tool to speed up analysis for its equities investors, according to a report by Reuters citing chief technology officer Umesh Subramanian.
Marshall Wace, a global liquid alternatives manager with over $70bn in assets, has adopted Bloomberg’s Multi-Asset Class Fundamental Risk Model files to support its quantitative research and systematic investment strategies.
Saba Capital has moved to block the proposed merger of the Baillie Gifford US Growth Trust and the Edinburgh Worldwide Investment Trust, according to a report by Reuters.
Balyasny Asset Management delivered a 2.5% gain in November, bringing year-to-date performance to 15.3%, according to a report by Reuters. The $31bn multi-strategy manager has been ahead of many of its competitors through the first 10 months of the year.
Marshall Wace will introduce a new fee across its systematic TOPS funds from 1 January, shifting a portion of rising technology, trading and staffing costs onto investors amid increased competition for quantitative and AI talent, according to a report by
The Alternative Investment Management Association (AIMA) and the Managed Funds Association (MFA) have pushed back against Bank of England proposals to impose minimum haircuts on gilt repo transactions, arguing the measures would reduce liquidity, make gilts less attractive, and be
Quantitative hedge fund Qube Research & Technologies, which has $36bn in assets under management, has begun reducing headcount following several years of aggressive hiring, according to a report by eFinancialCareers citing people familiar with the matter.
After forecasting strong growth for the litigation finance industry last year, several funders have halted capital raising and are seeking alternative cash sources as hedge funds and private investors retreat from the $20bn sector, according to a report by Bloomberg.
Lauro Asset Management’s David Mercurio has criticised what he called “timid” leadership after Greggs’s shares fell 44% this year, valuing the company at £1.6bn, with almost 10% of the stock is now on loan to short sellers, according to a
