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Comply, a provider of regulatory and compliance technology solutions for hedge fund and other financial firms, has acquired Trailight, a UK’s leading provider of solutions for managing conduct risk, competence frameworks, and global accountability regimes.
Multi-strategy hedge fund major Millennium Management is raising $5bn for a new vehicle focused on private-market opportunities, marking a significant expansion beyond its traditional focus on liquid assets, according to a report by Bloomberg.
A surge in convertible bond issuance has delivered standout returns for a specialist team at LMR Partners, with the group’s Convertible and Capital Structure Arbitrage Fund up around 30% year-to-date, marking one of the firm’s strongest performances on record, according to a report by Bloomberg.
UK-based quantitative investment firm Winton has entered the US mutual fund market for the first time after assuming the role of investment adviser to the Altegris Futures Evolution Strategy Fund, replacing Altegris Advisors LLC.
Global private investment firm Fairlight Capital Partners has acquired a minority stake in Noviscient, an award-winning fintech that is transforming how emerging and boutique managers launch, operate and scale institutional-grade hedge funds.
Multi-strategy hedge fund ExodusPoint Capital Management has strengthened its quantitative and technology capabilities with the hire of Rob Buckle, previously head of core quants at Balyasny Asset Management, according to a report by eFinancial Careers.
Bain Capital has agreed to acquire a minority stake in Innocap Investment Management, the Montreal-based managed account platform provider, amid growing institutional demand for separately managed accounts (SMAs) in hedge fund investing, according to a report by Bloomberg.
Hedge funds posted a 5.2% return in Q3, led by global macro strategies, as all major strategy types finished the quarter in positive territory, putting the industry on course for its strongest calendar year since 2020, according to Citco.
UBS is moving forward with the previously announced sale of its hedge fund unit, O’Connor, to US brokerage firm Cantor Fitzgerald, the bank’s CFO Todd Tuckner confirmed on Wednesday, according to a report by Reuters.
Hedge fund Carronade Capital Management has launched a proxy fight against billionaire investor Bill Foley, accusing him of “egregious corporate governance” at his listed holding company, Cannae Holdings, according to a report by the Financial Times.
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