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A global hedge fund firm has selected Behavox’s Pathfinder Policy Manager for enterprise-wide deployment, extending its existing use of the firm’s AI-driven compliance technology across the organisation.
Hedge funds, including CQS, have opened a new legal front in the ongoing battles over distressed credit restructurings, invoking US antitrust statutes to challenge what they call collusive tactics among rival creditors, according to a report by the Financial Times.
Fort Lauderdale-based hedge fund HoldCo Asset Management is threatening a proxy battle at Columbia Bank unless management agrees to shareholder-friendly actions, marking the latest escalation in the fund’s campaign against underperforming US regional banks.
Hedge funds are fuelling a booming market in Europe for trading debt that has yet to be issued, as distressed restructurings create new speculative opportunities in private credit, according to a report by the Financial Times.
Hedge fund Citadel has appointed Benjamin McRoberts, formerly Goldman Sachs’ EMEA head of commodities strategies, as head of European power engineering in its London office, according to a report by eFinancial Careers.
HSBC Holdings is conducting a review of its relationships with hedge funds and smaller banks active in private credit markets, as concerns grow over potential contagion following a series of corporate defaults, according to a report by Bloomberg.
Digital asset investment products saw inflows of $921m last week, supported by improving investor confidence after lower-than-expected US CPI data, according to the latests Digital Assets Fund Flows Weekly Report from CoinShares.
Millennium Management has strengthened its Dubai presence by hiring Edward Pisano, formerly a senior Commodities Portfolio Manager at BlueCrest Capital Management, as part of a broader push into commodity trading in the region, according to a report by Financial News London.
Accounts for Mike Platt’s hedge fund-turned-family office BlueCrest Capital Management LLP reveal a significant rise in partner remuneration following a year of strong performance, according to a report by eFinancial Careers.
The Teachers’ Retirement System of the State of Illinois (TRS) has made a $250m commitment to Capstone Drummer Fund, LP, marking its only active allocation to the hedge fund manager within TRS’s $4.1bn Diversifying Strategies Portfolio.
