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Hedge fund short sellers are circling Nikola Corporation, the electric vehicle and component manufacturer at the centre of fraud allegations, with the Nasdaq-listed firm’s share price tipped to tumble this week following executive chairman Trevor Milton’s sudden resignation on Sunday night (20 September).
The Alternative Investment Management Association (AIMA), the global representative for alternative asset managers, has appointed a new Chair and Vice Chair as well as the formation of the new AIMA Council, the Association’s global board of directors for the 2020-2022 term with effect from 18 September.
Institutional investors are to increase allocations to crypto assets over the next five years, according to new research from crypto asset issuance company Evertas.Read the full story at Institutional Asset Manager…
Neo has launching a new international multi-currency account service offering FX execution capabilities for spot, forwards, swaps and options in up to 80 currencies for hedging and risk management purposes. Read the full story at Private Equity Wire…
Exberry, a provider of exchange technology has appointed Tony Mackay, the the founding CEO and Chairman of Chi-X Europe – an Instinet led consortium of global trading firms and investment banks– to its Advisory Board. Mackay will play a key role in advising the direction of the company and support Exberry in delivering its plans to introduce cloud based multi-asset class exchange infrastructure technology to the wider global market, enabling traditional, alternative and digital asset exchanges to launch, pivot and scale effectively.
Anticipating the potential of emerging digital assets and demand for alternative secondary market trading opportunities, Exberry’s infrastructure overcomes the
Electroneum has reported string growth in user numbers and two new appointments to its team.Read the full story at Institutional Asset Manager…
FundApps, a cloud-based provider of regulatory compliance monitoring and reporting services, has launched Room-In-A-Name, part of the its Position Limits service, to help bridge the gap between Compliance teams and Traders. At the start of the day before trading begins, Portfolio Managers (PM’s) analyse the room available for derivatives across their portfolio. This critical check helps each PM gain understanding of their market positions, develop their trading strategy and set a focus for the day. Despite being a near universal task, this fundamental bearing is often missing an accurate and timely input from the Compliance team due to the different inputs
Hickory Lane Capital Management, a New York-based fundamental equities-focused investment manager, is tapping into opportunities across the TMT, industrials and consumer sectors with a new long/short equity strategy, which has launched with USD100 million in assets anchored by asset management seeder Investcorp-Tages.
Established in July this year by former Brahman Capital managing director and partner Joshua Pearl, Hickory Lane trades technology, media, telecommunications, industrials and consumer stocks on a long and short basis using a mix of long-term fundamental stock selection and top-down sector analyses.
The fund invests in stocks from a balance sheet perspective, with the investment portfolio taking
The frantic hunt for an effective vaccine against coronavirus could leave some pharmaceutical companies highly exposed in a fiercely competitive race – and UK hedge fund Argonaut Capital is weighing in with several key bets against the sector.
BlueBay cautious on Brexit deal compromise after UK short position pays off
BlueBay cautious on Brexit deal compromise after UK short position pays off