Managers
Accounts filed for BlueCrest Capital Management (UK) LLP (BCCMUK), the main partnership subsidiary for Mike Platt’s hedge fund-turned-family office show that profit-per-member fell from £2.5m to just £498,000m, according to a report by eFinancial Careers.
New research by Beacon Platform, a fintech focused on solutions for quant developers, shows that most hedge funds are spending too much time and manual effort on some important risk management processes, and are willing to switch software vendors to improve the situation.
Hedge fund Garda Capital Partners has filed a lawsuit against rival Schonfeld Strategic Advisors, alleging it unlawfully lured away one of its most prominent fixed-income portfolio managers, Nicolas Monaghan, in violation of his non-competition agreement, according to a report by Bloomberg.
Hedge fund ExodusPoint Capital Management is broadening its controversial bonus clawback policy to include senior non-investment staff, signalling a shift in how firms compete for and retain talent amid a heated labour market in the hedge fund industry, according to a report by Bloomberg.
Optimism around the US dollar is spreading beyond hedge funds to broader asset management firms, fuelled by a resilient US economy and heightened geopolitical tensions, according to a report by Bloomberg citing new data from the Commodity Futures Trading Commission (CFTC).
The Bank of England (BoE) has issued a warning about the rising influence of hedge funds in the UK government bond market, highlighting how their use of leverage could amplify financial system vulnerabilities, according to a report by the Financial Times.
Australian hedge fund Regal Partners has officially ended its takeover discussions with Platinum Asset Management after nearly two months of due diligence failed to result in an improved offer, according to a report by Bloomberg.
Polen Capital, a US-based investment management firm, announced on Monday that it has secured preliminary approval for a license to operate in Abu Dhabi Global Market (ADGM), the emirate’s financial centre, according to a report by Reuters.
Five9, a US-based call centre software provider, is reportedly close to a settlement with Anson Funds Management after sustained pressure from the hedge fund and other activist investors seeking changes to enhance its share price, according to a report by Reuters.
Multi-strategy hedge fund startup Arrowpoint Investment Partners has seen its assets under management (AUM) climb to $1.1bn, fuelled by a 3% return in November, marking its best monthly performance since launching in July, according to a report by Bloomberg.
