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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.
Element Capital Management, the macro trading hedge fund led by Jeff Talpins, returned over $6bn to investors in 2024, reducing its assets under management to $3bn, with internal capital now accounting for 90% of that total, according to a report by Bloomberg.
Code Willing has formed a strategic partnership with Exchange Data International (EDI) as part of the launch of its CWIQ Platform aimed at streamlining research workflows for hedge funds and other asset management firms.
Ray Dalio, the founder of the world’s largest hedge fund firm, Bridgewater Associates, has called for a reduction in the US budget deficit to help stabilise the bond market and lower interest rates, according to a report by CNBC.
Acadia, an LSEG Business and dedicated provider of integrated risk management services for the derivatives community, has added to its Quantitative Services team with the appointment of Xabier Anduaga as a Partner.
Global macro trading hedge fund firm Brevan Howard Asset Management has reduced its global trading workforce by approximately 7%, impacting about a dozen traders across its offices in New York, London, and Abu Dhabi, according to a report by Bloomberg.
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