Managers
Sculptor Capital Management, the hedge fund at the centre of a takeover between Rithm Capital and an investor group led by Saba Capital Management boss Boaz Weinstein, has acquired more loans from French hotels operator AccorInvest Group SA, according to a report by Bloomberg.
Man Group, the world’s biggest publicly listed hedge fund, is sticking by the contrarian bearish stance it adopted during an emerging-market rally earlier this year, when it predicted a yet-to-materialise “violent” sell-off, according to a report by Bloomberg.
BNY Mellon is seeking seed capital from investors for its $111bn London-based investment boutique Newton Investment Management which is looking to gain a foothold in the multi-manager hedge fund sector dominated by the likes of US giants Citadel and Millennium, according to a report by The Financial Times.
Hong Kong-based Infini Capital Management has added to competition in the multi-manager hedge fund sector with the launch of a new flagship fund, the Infini Global Master Fund, and is also planning on opening a new office Abu Dhabi, according to a report by Reuters.
Virtu Canada Corp is suing troubled Toronto-based hedge fund firm Traynor Ridge Capital Inc over at least CAD5m in losses it says it incurred executing trades asked it to execute but then failed pay for, according to a report by The Globe and Mail
Somerset Capital Management portfolio managers Mark Williams and Kumar Pandit have generated strong outperformance (+9.2%) with Somerset’s Emerging Markets Dividend Growth Strategy over the MSCI Emerging Markets Index during the past three years.
Man Group, the world’s largest publicly-traded hedge fund business with over $162bn in assets, has acquired a majority 51% stake in Geneva-based impact asset management firm Asteria Investment Managers.
Two Sigma has told clients that the unauthorised actions of one of its researchers who manipulated the firm’s models in an attempt to boost his compensation, led to gains and losses totalling $620m, according to a report by the Wall Street Journal.
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Davidson Kempner is one of a number of hedge funds and private equity firms that have taken short positions against corrugated and paper packaging specialist Smurfit Kappa, following the announcement of a proposed deal to acquire US paper company WestRock, according to a report by the Business Post.
