Latest News
US brokerage firm Clear Street is ramping up its UK operations with a major push into outsourced trading and synthetic prime brokerage, targeting a growing pool of under-serviced hedge funds and asset managers, according to a report by Financial News.
Goldman Sachs’ second-quarter earnings delivered a clear message – its bet on hedge fund clients is paying off in a big way, as the investment bank posted record equity trading of $4.3bn, according to a report by Bloomberg.
TOP STORY: Man Group has cut jobs and elevated long-time executive Greg Bond (pictured) to the newly created role of Chief Investment Officer, as CEO Robyn Grew pushes ahead with an overhaul of the firm’s leadership structure, according to a report by Bloomberg.
Elliott Investment Management, the $70bn activist hedge fund firm led by Paul Singer, is embroiled in a courtroom battle with Texas-based private equity firm Stronghold Investment Management over tens of millions in disputed fund expenses, according to a report by Bloomberg.
Hewlett Packard Enterprise has struck a boardroom truce with activist investor Elliott Investment Management, naming veteran tech executive Robert Calderoni to its board and establishing a new strategy committee he will chair, according to a report by Reuters.
A high-stakes legal battle has erupted between Walleye Capital and former volatility arbitrage head Geoff Tennican, highlighting the intensifying tensions hedge funds face when top talent exits to launch rival ventures, according to a report by Bloomberg.
Unlimited has added two new actively managed ETFs to the firm’s hedge fund replication suite – the Unlimited HFMF Managed Futures ETF (HFMF) and the Unlimited HFEQ Equity Long/Short ETF (HFEQ) – offering investors wider access to hedge fund-style strategies.
Hedge fund giant Millennium Management has reportedly lost one of its top-performing portfolio managers from its flagship quant unit Azur, with his proposed departure sparking a legal battle over restrictive covenants, according to eFinancial careers.
Man Group, the world’s largest listed hedge fund firm, is to acquire Bardin Hill, a New York-based private credit manager with approximately $3bn in AUM, in a move that strengthens the firm’s growing presence in the US and its alternative credit platform.
One year after its much-hyped launch with $5.3bn in capital commitments – short of its original $8bn–$10bn target, but still the largest hedge fund debut since 2018 – Bobby Jain’s hedge fund Jain Global has lagged the performance of its significantly larger, more established, and fully deployed rivals, according to a report by the Financial Times.
