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A growing number of Chinese hedge fund managers are warning that the global rally in artificial intelligence-related stocks has become detached from fundamentals, with some arguing the sector is approaching bubble conditions. according to a report by Bloomberg.Â
The UK’s Financial Conduct Authority (FCA) has proposed targeted changes to the listing regime for closed-ended investment companies, seeking to address governance issues highlighted by activist campaigns led by US hedge fund Saba Capital, according to a report by the Financial TimesÂ
Wendy’s shares surged as retail traders piled into the stock, reviving concerns that heavy short interest could fuel another meme-stock style rally, according to a report by the WSJ.
BlueCrest has continued to strengthen its macro trading ranks with the addition of former Barclays rates trader Ankur Aneja, who joined the firm as a partner last year as founder Mike Platt expands the family office’s investment talent, according to a report by efinanicalcareers.
Edinburgh Worldwide Investment Trust has begun searching for independent UK-based non-executive directors as its new Saba-backed board, led by Boaz Weinstein (pictured) moves to expand its governance credentials, according to a report by Quoted data.
Asian markets opened lower on Friday after renewed selling in US technology stocks weighed on investor sentiment, with semiconductor names leading regional declines as markets continued to navigate volatility, according to a report by Bloomberg
CME Group plans to launch wind power derivatives across the US, Europe and Australia as renewable energy becomes a larger part of global electricity markets, according to a report by Bloomberg.
Ken Griffin is donating $26 million to help complete the Theodore Roosevelt Presidential Library, a $450 million project in Medora, North Dakota, set to open on July 4, according to a report by Bloomberg.
A former Element Capital Management trader has been ordered to forfeit more than a year’s worth of compensation after an arbitrator found he disclosed confidential information before joining rival hedge fund Squarepoint Capital, according to a report by Bloomberg.
H.B. Fuller has agreed to acquire Advanced Medical Solutions Group in a £659m ($870m) all-cash deal, according to a report by Bloomberg.
