Managers
Hedge fund Seer Capital Management is working with Cantor Fitzgerald and insurance broker Lockton on a proposed $300m insurance-backed financing facility designed to support investments in the fast-growing significant risk transfer (SRT) market, according to a report by Bloomberg.
The Bank of England has warned that the rapid expansion of artificial intelligence is creating new risks for financial stability, highlighting elevated market expectations, growing leverage and increasing cyber threats linked to the technology, according to a report by Bloomberg.
Bank of America’s clients returned to net buying of US equities during the week ended 3 July, bringing an end to a five-week run of net selling, with hedge funds leading the rebound, according to a report by Investing.com.
The Cayman Islands remains the dominant domicile for emerging hedge funds, with more than half of managers choosing the jurisdiction for their flagship fund, according to the latest Emerging Manager Survey published by the Alternative Investment Management Association (AIMA) and Marex.
Millennium Management is strengthening its focus on artificial intelligence with the launch of a dedicated AI lab, as the multi-manager hedge fund looks to develop advanced tools to support its investment platform and enhance internal processes.
Atlantic Wolf Capital, the healthcare-focused hedge fund launched by former Coatue portfolio manager Aaron Weineris being wound down as Weiner prepares to rejoin Coatue, according to a Bloomberg report.
Citadel founder Ken Griffin played a pivotal financial role in the appointment of U.S. men’s national soccer team head coach Mauricio Pochettino, underscoring the billionaire hedge fund manager’s long-standing commitment to developing the sport in the United States, according to a report by Reuters.
A growing number of Chinese hedge fund managers are warning that the global rally in artificial intelligence-related stocks has become detached from fundamentals, with some arguing the sector is approaching bubble conditions. according to a report by Bloomberg.Â
The UK’s Financial Conduct Authority (FCA) has proposed targeted changes to the listing regime for closed-ended investment companies, seeking to address governance issues highlighted by activist campaigns led by US hedge fund Saba Capital, according to a report by the Financial TimesÂ
Edinburgh Worldwide Investment Trust has begun searching for independent UK-based non-executive directors as its new Saba-backed board, led by Boaz Weinstein (pictured) moves to expand its governance credentials, according to a report by Quoted data.
