Latest News
RBC BlueBay Asset Management’s Emerging Market Credit Alpha Fund delivered a standout 21% return in 2024, significantly outpacing the 14% average for emerging-market (EM) debt hedge funds, according to a report by Bloomberg.
Former Millennium portfolio manager Robert Bonte-Friedheim is gearing up to launch a London-headquartered equity hedge fund, Scarlet Macaw Capital, that will begin trading during the second quarter of the year with $200m, according to a report by Financial News.
Activist investor Mantle Ridge has garnered sufficient backing from shareholders of Air Products and Chemicals to secure multiple seats on the company’s board of directors, according to a report by Reuters citing two sources familiar with the matter.
Lombard Odier Investment Managers (LOIM) has launched DOM Global Macro – a new liquid, diversified absolute-return UCITs strategy – as the firm continues to expand its Alternatives franchise for institutional and private clients.
In a bid to better streamline multi-asset post-trade processing and operational reporting, global fintech Broadridge Financial Solutions has added a GenAI-powered advanced analytics feature to its platform.
Seth Klarman’s Baupost Group, once a standout in the hedge fund world, has seen its clients withdraw approximately $7bn over the past three years as the firm grappled with underwhelming returns, according to a report by Bloomberg.
London-based institutional investment manager Fasanara Capital has launched its first tokenised Money Market Fund, the “Fasanara MMF Token” (“FAST”), held on the Polygon PoS public blockchain and developed in collaboration with Apex Group, Tokeny, Chainlink, Fireblocks, and XBTO.
US activist hedge fund Saba Capital has suffered a setback in its campaign to shake up the UK’s closed-ended investment trust sector, as shareholders of Herald Investment Trust decisively rejected its proposal to replace the board, according to a report by the Financial Times.
Law firm Simmons & Simmons has launched a major update of LaunchPlus – its tool for hedge fund startups, which has been in operation since 2015 and helps new fund managers to navigate the complexities of establishing a hedge fund in the UK.
Saba Capital Management has reached agreements with BlackRock Advisors to initiate significant cash tender offers for two of its closed-end funds – the BlackRock Innovation and Growth Term Trust and the BlackRock Health Sciences Term Trust.
