Managers
Canadian hedge fund firm Traynor Ridge Capital Inc has been issued with a cease trader order by the Ontario Securities Commission following the death of its founder, and three failed trading orders last week, according to a report by Reuters.
Global financial services firm Wilshire is to acquire Lyxor Asset Management, a provider of risk-managed, alternative and hedge fund investment solutions to institutional investors in North America, from European asset manager Amundi.
Odey Asset Management, the hedge fund business founded by Crispin Odey who was ousted in June following multiple allegations of sexual assault and harassment, which he denies, is to close completely, according to a statement on the firm’s website.
Global macro hedge funds have switched from the bullish equity bets that have been part of their strategies for most of the year to bearish positions, while commodity trend advisers have upped their short positions, according to a report by Reuters.
US equity long-short hedge fund portfolio managers are taking fewer directional bets, with the level at which swings in the S&P 500 affect their bottom line having fallen to the lowest seen in six years, according to a report by Reuters.
Consolidation among sell-side providers of FX prime brokerage is causing increasing concern among hedge funds as they face the risk of reduced access to liquidity and operational disruption from moving to a new provider, a new report by Acuiti has found.
Daniel Och has ended his long-running feud with Sculptor Capital Management by agreeing to back a sweetened bid for the hedge fund he founded from real estate investment firm Rithm Capital, according to a report by The Financial Times.
Saba Capital, an American investment fund, is fundraising for a $500m fund that will look to take activist positions in UK investment trusts holding listed equity, according to a report by Investment Week.
Steve Cohen, of Point72 Asset Management, was quoted saying that the US economy may fall into a short-lived recession this year before rebounding in the first quarter of next year, according to a report by Bloomberg.
Global hedge funds are moving quickly to set up in India, a market that has previously received limited attention, according to a report by Reuters.
