Managers
Russia’s invasion of neighbouring Ukraine and the ensuing market turmoil has hit Brook Asset Management – a division of Odey Asset Management – hard, with the hedge fund down 12.6 per cent over the past week, according to a report by Bloomberg.
Data compiled by Bloomberg and an investment data document reveal the loss to be one of the biggest since manager James Hanbury’s LF Brook Absolute Return Fund first began trading over ten years ago, and is in stark contrast to the 10 per cent annual gain chalked up last year, with the fund now down 2.3 per cent
Man Group, the world’s largest publicly-listed hedge fund, now has ‘negligible’ exposure to Russia and Ukraine, having cut its investment in the countries over recent weeks.
Julius Baer International has signed a deal for new office space in Farringdon, London, which will see it relocate rom its current base in St Martin’s Le Grand to Greville Street from the beginning of 2023.
The new London headquarters will be 27,000 sq ft over six floors and will be wholly dedicated to Julius Baer International’s London operations, providing a working environment designed to support the firm’s extensive client base and enhance employee experience in the hybrid world.
The firm has appointed HLW, a leading design specialist focused on sustainable approaches, to strengthen the digital function of the
Kempen Capital Management (Kempen) has published its Annual Stewardship and Sustainability Investment Report 2021, which details the significant progress made towards embedding sustainable investing across the firm’s investment strategies.
Kempen’s annual report provides information on its ambitions to reduce the carbon footprint of assets under management.
For the first time, all portfolios of which Kempen is in direct control will be managed with the dual objectives of traditional risk/return and targeting to decrease the carbon footprint of portfolios by 7 per cent annually until 2030.
In 2021 Kempen voted at 437 distinct company meetings, with 14% of votes
Man Group has reported an increase in Assets under management (AUM) of 20 per cent to USD148.6 billion for the year ended 31 December.
Specialist UK bookseller Blackwell’s is to be acquired by funds advised by hedge fund Elliot Advisors according to a report by the Sovereign Wealth Fund Institute (SWFI).
Paramount Group has confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital LP to acquire all of the Company’s outstanding common stock for USD12.00 per share in cash.
Paramount Group is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco
Consistent with its fiduciary duties and in consultation with its independent financial and legal advisors, the Paramount Board of Directors will carefully review the unsolicited proposal to determine the course of action that
A hedge fund that is trying to buy newspaper publisher Lee Enterprises has lost a legal battle to prevent the company from using a system that would see two longtime directors reelected at its annual meeting next month.
Macro hedge fund Brevan Howard Asset Management had one of its best ever trading days on 4 February, according to a report by Bloomberg.
The firm benefitted from bets on short-term euro rates after the ECB signalled that it may begin to start raising interest rates this year. Star trader Fash Golchin who chalked up record losses last year, is said to have made 8 per cent, according to unnamed sources.
The firm’s multi-trader Alpha Strategies platform, plus several other managers including Louis Basger, Minal Bathwal and Alfredo Siatta, are also said to have made gains.
Quant hedge fund Engineers Gate is in discussion with both Millennium Management and Point72 Asset Management over a possible acquisition of the business, according to a report by Bloomberg.
