Latest News
Capula Investment Management’s former US compliance officer, Igor Abramov, has filed a lawsuit claiming he was wrongfully terminated after raising concerns over the firm’s expense practices and trading activity, according to a report by Bloomberg.
Bridgewater Associates has cautioned investors that markets may be underestimating structural risks underpinning the recent AI-driven surge in US equities, with growth expectations now approaching levels last seen during the dot-com bubble, according to a report by Reuters.
Bobby Jain is expanding his Jain Global multi-strategy platform with a new $600m fund targeting bank capital relief trades, led by former DE Shaw portfolio manager Syril Pathmanathan, according to a report by Bloomberg.
A group of hedge funds, including Citadel, Athos Capital, and Maven Investment Partners, have challenged the price of SBI Holdings’ 2023 buyout of Shinsei Bank, arguing that the JPY2,800-per-share offer significantly undervalued the lender, according to a report by Bloomberg.
Ripple, a fintech offering crypto solutions for businesses, has launched digital asset spot prime brokerage services for the US market, marking a major step in its expansion into institutional crypto trading and financing infrastructure.
London is establishing itself as a major centre for quantitative finance, with several UK-based trading firms and hedge funds including XTX and Qube, generating multibillion-pound revenues and attracting top talent, according to a report by the FT.
Several activist hedge funds have narrowly avoided steep losses after Kimberly-Clark’s $40bn acquisition of Kenvue, the Johnson & Johnson consumer health spin-off, reversed a brutal selloff in the stock, according to a report by the Wall Street Journal.
Steve Cohen’s multi-strat hedge fund firm Point72 Asset Management is restructuring its equity platform and launching a new stock-picking business, Valist Asset Management, as firm assets climb to $42bn, according to a report by Bloomberg.
RXR Realty has completed a recapitalisation of 75 Rockefeller Plaza, partnering with hedge fund Farallon Capital in a transaction which strengthens which maintains the firms’ its focus on income-generating office assets in New York City, according to a report by ConnectCRE.
Millennium Management, the $79bn multi-strategy hedge fund led by Izzy Englander, has sold a 15% minority stake in its management company for about $2bn, valuing the firm at roughly $14bn, according to a report by Bloomberg citing unnamed people familiar with the matter.
