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Wall Street banks, including Morgan Stanley, are increasingly turning to complex synthetic risk transfer (SRT) deals to unlock capital and expand lending to hedge funds, as they compete for a larger slice of a booming prime brokerage market, according to a report by the Financial Times.
Third Point, the New York-based hedge fund firm founded by Daniel Loeb, has held a $400m first close for its Insurance Solutions Fund I, marking the firm’s first dedicated private credit strategy tailored for insurance companies, according to a report by Alternative Credit Investor.
Alex Blanchard, a veteran short-term interest rate (STIR) trader and former Goldman Sachs executive, has joined hedge fund giant Millennium Management as a portfolio manager in Dubai – his second hedge fund role in the city this year, according to a report by eFinancial Careers.
Sean Murphy, a former portfolio manager at Citadel, is launching Jerpoint Capital, a new hedge fund backed by Qube Research & Technologies, which is providing $200m in seed capital to the venture, according to a report by Bloomberg.
China-focused hedge funds including Triata Capital delivered standout gains in the first half of 2025, outperforming global peers on the back of a sharp rebound in Hong Kong-listed equities and bets on AI and emerging consumption trends, according to a report by Reuters.
Multi-strategy major Millennium Management has allocated $4.2bn to two independent hedge fund managers, reinforcing its strategy of seeding top-tier external talent amid surging assets under management, according to a report by Bloomberg.
Investor redemptions from hedge funds hit a 12-month low in July, according to the latest data from SS&C Technologies, with the firm’s SS&C GlobeOp Forward Redemption Indicator falling to 1.56% for July, down from 2.27% in the previous month.
Universal Music Group has confidentially filed for a US listing, a move which would fulfil an agreement with Bill Ackman’s hedge fund firm Pershing Square, a long-time advocate for a transatlantic shift to unlock greater shareholder value, according to a report by Bloomberg.
Equity Data Science (EDS) has unveiled Fusion, a new generative AI-powered platform aimed at transforming and streamlining how institutional investors manage data and decision-making across the investment lifecycle.
Toronto-based hedge fund manager Waratah Capital Advisors, which oversees CAD4bn in assets, is investigating a cybersecurity breach that may have exposed sensitive client information, according to a report by the Globe & Mail.
