Middle East Report


Oil trader Pierre Andurand has seen year-to-date losses at his main Andurand Commodities Discretionary Enhanced fund shrink to 15% from more than 50% earlier in the year on the back of a resurgence in crude prices, according to a report by Bloomberg.
Elmar Zumbuehl, GAM’s chief risk officer, has been proposed as the company’s new CEO candidate after Randel Freeman, the hedge fund veteran who had been lined up for the role, backed out due to “unforeseen family circumstances”, according to a report by Financial News.
A consortium of investors led by Marshall Wace co-founder Paul Marshall looking to prepare a bid to acquire the Telegraph Group – publisher of the UK’s Daily and Sunday Telegraph newspapers – has won the support of Citadel founder Ken Griffin, according to a report by the Financial Times.
Caravel Capital Investments Incorporated, an event-driven market-neutral hedge fund based in Nassau, The Bahamas, has published an open letter urging Alpha Lithium Corporation shareholders to accept Tecpetrol’s ‘best and final’ CAD1.48 per share offer for the business.
Multi-strat major Millennium is looking to steal a march on its rivals in the ongoing hedge fund recruitment war, by ramping up its internship programme to allow it to grow and develop more talent in-house, according to a report by eFinancial Careers.
European hedge funds and proprietary trading firms are set to expand trading across the Asia-Pacific region as opportunities and volumes grow, according to the findings of a new new study by Acuiti and Trading Technologies.


26 October, 2023 – 8:30 am

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