Managers
Sam Bankman-Fried’s crypto hedge fund Alameda Research diverted between $100m and $150m in bribes to Chinese officials to gain access to locked trading accounts, his former partner and Alameda CEO Caroline Ellison has told a New York Court.
The transfer of funds from Odey Asset Management, in the wake of multiple allegations of sexual assault against the founder Crispin Odey, is continuing, with the firm confirming that the Odey Opportunity Fund and manager Geoffrey Marson have moved to Cannacord Genuity.
Li Bei, the founder of Banxia, one of China’s largest macro hedge fund firms, has called on the government in Beijing to set up a stabilisation fund to buy up domestic stocks in a bid to prop up the country’s ailing stock markets, according to a report by Bloomberg.
With geopolitical tensions and other risks turning many US investors away from China, investment funds based in the world’s second-largest economy, including hedge funds, are seeking new capital sources in the Middle East and other markets, according to a report by Reuters.
Nelson Peltz, the veteran activist investor and founder of hedge fund Trian Fund Management, is gearing up for a new multi-seat board challenge at Walt Disney, less than 10 months after the company set out a strategy to address his concerns, according to a report by Reuters.
Caius Capital, an alternative investment manager focused on distressed and special situations, led a group of creditors in agreeing to provide a financing package aimed at boosting the balance sheet of the UK’s Metro Bank, according to a report by Bloomberg.
Odey Wealth Management, a UK and Guernsey based former subsidiary of Odey Asset Management, is to close and return assets to clients in the wake of the multiple allegations of sexual assault and harassment made against the firm’s founder Crispin Odey, which he denies, according to a report by The Financial Times.
Bets that US regulators would be unable to stop Amgen Inc from completing its $28bn acquisition of Horizon Therapeutics have yielded big gains for hedge funds Pentwater Capital Management, HBK Investments and Farallon Capital Management, according to a report by Bloomberg.
Poor performance and investor withdrawals have seen assets at Pelham Capital, one of London’s major equity hedge fund sector players, plummet by more than three-quarters over the past three years, according to a report by The Financial Times.
Health reasons have prompted Jos Shaver, the founder of $3bn New York-based hedge fund firm Electron Capital Partners, to step-down from his role as Chief Investment officer and Managing Partner of the business, according to a report by Bloomberg.
