Latest News
The Chicago Teachers’ Retirement System (TRS) has announced plans to invest nearly $1bn in hedge funds over the next three years, as part of a bid to address its financial challenges, according to a report by the Chicago Tribune.
Hedge funds and leveraged investors have scaled back their bearish positions on US five-year Treasury futures, bringing net short positions to their lowest level since July, according to a report by Reuters citing the latest Commodity Futures Trading Commission (CFTC) data.
Two Seas Capital (Two Seas), an investment management firm that focuses on litigation-driven investments arising from restructurings, bankruptcies, and regulatory events, has appointed Altaf Mackeen as Managing Director and Head of Research, effective 1 January, 2025.
A Danish court has sentenced Briton Sanjay Shah, founder of hedge fund Solo Capital Partners, to 12 years in prison for orchestrating a $1.3bn fraud scheme, marking one of the harshest sentences for tax fraud in the country’s history, according to a report by Reuters.
Digital asset investment products saw the largest weekly inflows on record last week totalling $3.85bn, smashing the prior record set just a few weeks ago, according to the latest Digital Asset Fund Flows Weekly Report from CoinShares.
Fred Desobry, a former portfolio manager at BlueCrest Capital, has joined London-based crypto hedge fund Bastion Asset Management as its Chief Investment Officer as crypto trading continues to gather momentum, according to a report by eFinancial Careers.
Dan Loeb’s hedge fund, Third Point, is actively evaluating “credible strategic options” as part of a strategic review announced earlier this year to address a significant discount between its share price and the value of its underlying assets amid pressure from activist investors.
The number of new hedge fund launches is expected to fall to its lowest level in 24 years this year, with data from the first three quarters of the year revealing that only 123 funds were launched globally buy the end of September, according to a report by Reuters,
Horizon Trading Solutions, a specialist in electronic trading solutions and algorithmic tech, has partnered with Solowin Holdings, a financial services firm providing high-net-worth and institutional investors with solutions across traditional and virtual assets.
Marshall Wace, one of London’s largest hedge funds managing $69bn in assets, has opened an office in Abu Dhabi, making it the latest hedge fund major to join the influx of finance firms into the United Arab Emirates, according to a report by Bloomberg.
