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Chris Twort, a veteran with over three decades of experience in financial trading, has been named Head of Trading at iSAM Securities (UK), expanding his role from leading the trading and execution division at iSAM Funds (UK).
Proxy advisory firm Glass Lewis has endorsed the election of all four board candidates proposed by activist investor Mantle Ridge for Air Products and Chemicals, marking a key moment in the year’s first major board battle, according to a report by Reuters.
Singapore-based hedge fund Modular Asset Management, a spinoff of Millennium Management, is set to establish a presence in Hong Kong, reflecting the city’s ongoing efforts to solidify its status as a global financial hub, according to a report by Bloomberg.Â
Nicolas Monaghan, the trader embroiled in a legal dispute between Schonfeld Strategic Advisors and his former employer, Garda Capital Partners, is gearing up to launch his own hedge fund, Mistral Capital, with an initial $1bn allocation from Schonfeld, according to a report by Bloomberg.
Sona Asset Management’s Credit Master Fund posted a 2024 return of 18.76%, capitalising on a surge in European companies refinancing their debt, marking the fifth year of double-digit returns for the $10.1bn credit manager’s flagship fund, according to a report by Reuters.
Hedge fund Saba Capital Management is planning to offer shareholders of Herald Investment Trust a full cash exit near the Trust’s net asset value if its efforts to overhaul the Board of Directors is successful.
Hedge funds gained in December to conclude a volatile year, navigating election and geopolitical risks, falling but persistent inflation, and surging cryptocurrency prices, with macro and arbitrage strategies leading the way, according to the latest data from HFR.
Crypto derivatives exchange BitMEX is launching Multi Asset Margining, a new feature allowing traders to use multiple margin currencies – including USDT, USDC, ETH, and XBT – to trade derivatives contracts without the hassle of asset conversions or wallet transfers.
Aaron Weiner, a former partner at Coatue Management, is launching a new long-short equity hedge fund, Atlantic Wolf Capital, with $3bn in initial capital provided exclusively by Izzy Englander’s Millennium Management, according to a report by Bloomberg.
Partners at Brevan Howard Asset Management saw their compensation drop significantly in the past year, reflecting a decline in revenue and operating profit at the hedge fund founded by billionaire Alan Howard, according too a report by Financial News.
