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Hedge fund quants are increasingly heading for the exits after receiving underwhelming bonuses, despite the availability of flexible working arrangements, according to a report by eFinancial Craeers citing a new industry salary survey from recruitment firm Albert Bow.
Third Point, the activist hedge fund led by billionaire investor Daniel Loeb, unveiled a series of fresh equity positions in the second quarter – Rocket Companies, Informa, and Casey’s General Stores – according to a report by Reuters citing a recent investor letter.
Gregory Galimberti, the Head of Americas Gasoline at TotalEnergies’ US trading arm, Atlantic Trading & Marketing Inc, has departed the energy major to join multi-strategy hedge fund Verition Fund Management, according to a report by Reuters citing three people familiar with the matter.
ExtractAlpha, a provider of alpha-generating datasets for institutional investors, has launched Toyo Keizai Japanese Data, a proprietary offering built on over two decades of independent equity research from Japanese financial publisher, Toyo Keizai.
Citigroup is expanding its Asia rates and prime brokerage teams by up to 10% over the next year, as booming activity from hedge fund clients fuels growth across the region, according a report by Bloomberg citing to Paul Smith, the bank’s Head of Markets for Japan, North Asia, and Australia.
Tyrus Capital, the hedge fund led by veteran investor Tony Chedraoui, is closing its London office and relocating its headquarters to Abu Dhabi, becoming the latest asset manager to shift operations to the Middle East, according to a report by Bloomberg.
Carrhae Capital, a London-based emerging markets hedge fund, is preparing to launch a $700m long-only strategy that will exclude China entirely – responding to growing demand from US institutional investors seeking to remove Chinese exposure from their portfolios, according to a report by Bloomberg.
Ancora Holdings Group has disclosed itself as a “growing shareholder” in US rail operator CSX Corp signalling potential activist pressure as the North American rail sector enters a new phase of consolidation, according to a report by Bloomberg.
Short sellers are aggressively targeting the Hong Kong-listed shares of Contemporary Amperex Technology Co Ltd (CATL), per data from S&P Global Markets Intelligence, despite a sharp rally and surging borrowing costs, according to a report by Bloomberg.
EquiLend has expanded its capabilities in securities finance with the acquisition of Trading Apps, a front-office technology provider known for its automation tools and modular trading solutions used by many of the world’s leading securities finance desks.
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