Managers
SCIO, a lender specialising in European asset-based credit, focuses on providing long-term value to investors and borrowers alike. Partner & CIO Greg Branch chats to Hedgeweek about some of the current challenges and opportunities in the space and the outlook for special situations and asset-based finance.
Hedge funds and other large speculators switched to a net short position against the dollar last week for the first time since September amid growing expectations that the Federal Reserve will soon move to “non-recessionary” interest-rate cuts, according to a report by Bloomberg.
Hedge fund Elliott Associates has been granted permission to appeal its court defeat over the London Metal Exchange’s (LME) decision to suspend nickel trading and cancel billions of dollars of trades last year, according to a report by Bloomberg.
Canadian financial institution ATB Capital Markets has been granted a mandate to sell the remaining assets of failed Toronto-based hedge fund Traynor Ridge Capital Inc, which collapsed last month following the sudden death of its founder, according to a report by Reuters.
The hedge fund managed by Pierre Andurand, an oil trader, is set to have its worst ever loss, after its bets on oil futures failed to pay off, according to a report by Bloomberg.
Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years, according to a report by The Financial Times.
Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a report by Bloomberg. The report cites an unnamed person as the source familiar with the matter.
An alleged fraud in China that saw financial firms including a major hedge fund at its epicentre has cautioned the industry, with investment managers, regulators and brokerages racing to improve risk monitoring, according to a report by Bloomberg.
The National Association of Private Fund Managers, along with the Alternative Investment Management Association and Managed Funds Association have filed a lawsuit asking the US Court of Appeals for the Fifth Circuit to invalidate two rules recently adopted by the Securities and Exchange Commission that require reporting and public disclosure of securities loans and short selling activity.
Aspect Capital, a London based hedge fund, will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, according to a report by The Business Times. The report cites two people familiar with the matter as confirming the story.
