Man Group, the world’s largest listed hedge fund manager, plans to reduce its London-based workforce and relocate certain roles to its operations base in Bulgaria, signalling an accelerated cost-efficiency drive, according to a report by the Financial Times.
AQR Capital Management co-founder Cliff Asness says the quantitative investment firm is considering entering the sports betting market, according to a report by Bloomberg.
Citadel LLC has appointed Kevin Nassery, a former senior technology executive at crypto-exchange Gemini Trust Company, to lead its security and risk compliance for the Americas, according to a report by eFinancialCareers.
Shah Capital is pressing biotech firm Novavax’s board to explore strategic options, including a full sale, and warns it may launch a proxy fight if changes aren’t made within four months, according to a report by Reuters. The investor has
The US Securities and Exchange Commission is reconsidering its implementation of the sweeping central-clearing rule for US Treasuries, according to a report by Bloomberg. Agency staff are evaluating possible broadening of the inter-affiliate exemption, which could extend relief to cash
Starboard Value has fully exited its position in Pfizer, winding down the activist campaign it began last year to push for governance and performance improvements at the US drugmaker, according to a report by Reuters.
Man Group Plc, the UK-based hedge fund giant, is capitalising on rising client interest in sustainable investing after securing a $13.2bn mandate from Dutch pension fund PFZW in September, according to a report by Bloomberg citing unnamed sources.
Cliff Asness, co-founder of AQR Capital Management, says US equities look historically expensive but not dangerously overvalued, arguing that while prices are high, they fall short of the excesses seen during past bubbles, according to a report by Bloomberg.
Hedge funds sharply reduced their exposure to consumer discretionary stocks last week, cutting positions in hotels, restaurants, and leisure groups to levels not seen since the 2020 pandemic, according to a report by Reuters citing a note from Goldman Sachs.
Hedge fund trading is contributing to upward pressure on UK gilt repo rates, according to a report by Bloomberg citing comments made by Victoria Saporta, the Bank of England’s Executive Director for Markets, at the ECB Money Market Conference in
