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BlackRock is set to merge two of its investment trusts, Throgmorton Trust and BlackRock Smaller Companies Trust (BRSC), to form a combined £780m entity, after receiving support from activist investor Saba Capital Management.
Singapore-based hedge fund Dymon Asia Capital has added senior investment talent as it continues to expand following a strong performance year, with the appointment of Wissam Mezrani as a portfolio manager in Singapore, according to a report by eFinancial Careers.
Some of the world’s largest multi-strategy hedge funds including Citadel, DE Shaw, and Point72 are offering summer internships with base salaries and bonuses that can reach six figures, as competition intensifies for top quantitative and machine learning talent, according to a report by Financial News London.
Bridgewater Associates, the world’s largest hedge fund by AUM, made a series of notable portfolio adjustments in the fourth quarter, increasing exposure to technology and healthcare stocks while exiting positions in telecoms and pharmaceuticals, according to a report by Barron’s.
Cboe Global Markets has extended trading in Russell 2000 Index (RUT) and Russell 2000 Weeklys (RUTW) options to nearly 24 hours a day, five days a week, enabling global investors to access US small-cap exposure outside traditional market hours.
Asfandyar Nadeem is closing his London-based hedge fund firm Deem Global to new capital as assets approach the $3bn mark, joining a growing list of managers limiting inflows to control fund size, according to a report by Bloomberg.
Lightkeeper has launched Lightkeeper Beacon, a new AI-enabled capability designed to allow hedge funds and asset managers to query their portfolio data in plain English while maintaining full transparency, governance and auditability.
The distressed debt of French chemicals producer Kem One has become a battleground for global credit hedge funds including Arini Capital and Sona Asset Management, amid fears over the long-term viability of Europe’s chemicals sector, according to a report by the Financial Times.
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