Managers
Fullerton Fund Management, the Singapore-based asset manager backed by state investor Temasek, has sharply reduced its onshore China private fund operations, according to a report by Reuters, marking a retrenchment after years of struggling to achieve scale in the market.
Balyasny Asset Management (BAM) is set to expand its presence in the United Arab Emirates, with the $29bn multi-strategy firm preparing to open an office in Abu Dhabi’s ADGM, two years after establishing its first regional base in Dubai, according to a report by Bloomberg.
Activist hedge fund Barington Capital Group has opened a fresh proxy battle with Matthews International, nominating three directors to the board in a renewed push for governance and portfolio changes at the US manufacturer, according to a report by Reuters.
Man Group is set to expand its Middle East footprint with plans to open an office in Abu Dhabi, joining a wave of global hedge fund managers building out operations in the UAE’s fast-growing financial centres, according to a report by Bloomberg.
The US Securities and Exchange Commission has once again pushed back the compliance deadlines for its controversial short-sale and stock lending disclosure rules, meaning hedge funds and other large investors have several more years before its requirements take effect, according to a report by Bloomberg.
UK hedge funds and financial firms are expressing concern after the government revived plans to reform non-compete clauses in employment contracts, raising the prospect of an outright ban or tighter time limits, according to a report by Bloomberg. Proposals published alongside last week’s budget seek industry feedback on whether post-employment restrictions should be capped at three or six months, or removed entirely.
Hedge fund Citadel has introduced an artificial intelligence–powered research tool to speed up analysis for its equities investors, according to a report by Reuters citing chief technology officer Umesh Subramanian.
Marshall Wace, a global liquid alternatives manager with over $70bn in assets, has adopted Bloomberg’s Multi-Asset Class Fundamental Risk Model files to support its quantitative research and systematic investment strategies.
Saba Capital has moved to block the proposed merger of the Baillie Gifford US Growth Trust and the Edinburgh Worldwide Investment Trust, according to a report by Reuters.
Balyasny Asset Management delivered a 2.5% gain in November, bringing year-to-date performance to 15.3%, according to a report by Reuters. The $31bn multi-strategy manager has been ahead of many of its competitors through the first 10 months of the year.
