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Visio Lending, the mortgage lending division of Visio Financial Services, has appointed Jenny Coupland, the former Managing Director of Private Investment at credit hedge fund Beach Point Capital Management, as the firm’s new Chief Executive Officer.
York Capital Management’s Asia hedge fund spinoff, MY.Alpha Management HK Advisors, is raising funds for a new venture aimed at capitalising on South Korea’s corporate value-boosting measures, according to a report by Bloomberg.
Crestline Summit, the hedge fund division of Crestline Investors focused on public markets, has officially rebranded as SummitTX, independently registering as a SEC Registered Investment Adviser overseeing the SummitTX Funds at the same time, according to a report by BusinessWire.
Ken Griffin’s Citadel has raised $1bn through the sale of high-grade bonds on Wednesday to fund a payout to its owners, according to a report by Bloomberg UK.
A year after posting his first-ever annual loss, Brazilian hedge fund manager Rogerio Xavier, the Co-Founder of SPX Capital, saw the SPX Raptor fund – a variant of its flagship Nimitz fund – outperform 96% of its peers, according to a report by Bloomberg.
US activist investor Boaz Weinstein has urged British critics to cease spreading misleading claims about his efforts to replace managers at seven underperforming UK investment trusts, which he says have caused significant losses for investors, according to a report by Reuters.
Pfizer has filed an appeal against a federal judge’s decision to deny the company $75.2m from an insider trading settlement involving billionaire Steven A. Cohen’s former hedge fund, SAC Capital Management, dating back over a decade, according to a report by Reuters.
The Abu Dhabi Investment Authority (ADIA) is acquiring a minority stake in Innocap Investment Management, a Canadian platform that streamlines capital allocation to multiple hedge funds, according to a report by Bloomberg.
The Chairman of the FTSE 250 Edinburgh Worldwide Investment Trust, Jonathan Simpson-Dent, has dismissed claims by US hedge fund Saba Capital that it could better manage the trust, stating there is “no evidence” to support such assertions, according to a report by This is Money.
Inflation or deflation and geopolitical issues are considered the top two risks facing hedge funds from a ranked list of ten, according to hedge fund executives surveyed by Beacon Platform. This is followed by exchange rates and asset class volatility, while they were least concerned with third-party failures and regulatory changes.
