Latest News
Broadridge Financial Solutions has teamed up with market data and analytics specialist BMLL Technologies to integrate advanced pre-trade analytics directly into its sell-side Global Order Management System (OMS) and Xilix Execution Management System (EMS) for buy-side clients in Japan.
Lorenzo Rossi’s London-based hedge fund Kedalion Capital Management is preparing to open to outside investors for the first time since securing backing from Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Maples and Calder (Ireland) LLP, the Maples Group’s law firm, advised Palmer Square Capital Management (Palmer Square) on Europe’s first passive CLO ETF designed specifically for institutional and professional investors.
An affiliate of hedge fund Elliott Investment Management has increased its bid for PDV Holding, the US parent of Venezuela-owned refiner Citgo Petroleum, to $8.82bn amid a heated court-supervised auction in Delaware, according to a report by Reuters.
Ryan Foster, a former senior portfolio manager at Millennium Management and ex-Soros credit investor, is launching a new credit hedge fund, Extant Capital, with $200m in seed capital from New Holland Capital, a $6bn alternative investor in external funds.
Titan, a newly formed holding company aiming to acquire and modernise IT services providers by embedding artificial intelligence into their operations, has completed its first deal, partnering with the renowned and regulated Global managed service provider (MSP and MSSP) RFA originally known as (Richard Fleischman & Associates).
Activist investor 7Square is pressing German insurer Nuernberger Beteiligungs AG to consider rival takeover offers, arguing that the ongoing exclusive talks with Vienna Insurance Group (VIG) undervalue the company, according to a report by Bloomberg.
Seth Klarman, head of the Boston-based multi-strategy hedge fund firm Blaupost Group, says artificial intelligence is proving useful as a productivity tool at his hedge fund, but it is far from replacing human investment judgement, according to a report by Business Insider.
Global hedge funds have ramped up exposure to Japanese equities as the Nikkei surged to record highs, while increasing bearish positions on South Korea, according to a report by Reuters citing a note from Morgan Stanley.
Citigroup has named Jignesh Patel, a former executive at both Millennium and Goldman Sachs, as head of Asia-Pacific prime finance, underscoring the bank’s push to grow its hedge fund servicing business in the region, according to a report by Bloomberg.
