Siepe, a provider of technology-enabled services and compliance and reporting for the credit and hedge fund industries, has closed three broadly syndicated collateralized loan obligation transactions in Q3, representing a total of $1.2bn new issue CLO paper printed, and a fourth as Collateral Administrator on a leverage facility for a private credit fund, representing an additional $500m in private credit assets.
Regal Funds Management, an Australian hedge fund with AUD6bn ($3.8bn) in AUM, is looking into shares of potential takeover targets in the domestic lithium sector, according to a report by Bloomberg.
Short positions in the gold market are falling, as money managers are increasing their speculative gross long positions in Comex gold futures, leading to the second-biggest ever short covering rally on record, according to a report by Kitco, citing data from the Commodity Futures Trading Commission.
Hedge funds across the globe are reducing their exposure to mega cap tech firms, according to a report by Reuters that cites data from JPMorgan Chase’s positioning Intelligence Unit.
Saba Capital Management, the firm run by American hedge fund tycoon Boaz Weinstein has declared stakes in ten UK investment trusts, according to a report by The Times.
ASK Asset and Wealth Management, an India-based wealth and asset management firm, has added hedge funds to its Alternative Investment offering through the launch of a new business vertical, ASK Hedge Solutions.
Priya Kodeeswaran, a former long-short manager at Man Group and Portfolio Manager at Millennium Management, is to serve as both Founder and Chief Investment Officer of his newly-launched hedge fund, Katamaran Capital, according to a report by Bloomberg.