Latest News
Verition Fund Management, the $10bn multi-strategy hedge fund firm founded by Nicholas Maounis and Josh Goldstein, has appointed Pierre Weinstein, a partner and portfolio manager at Saba Capital Management, as Head of Special Situations Investing, according to a report by Bloomberg.
China’s quantitative hedge funds, which have consistently outperformed in recent years, are struggling to keep up as the government’s recent economic stimulus has triggered a surge in local stocks that has strained their models and short positions, according to a report by Bloomberg.
Digital asset derivatives exchange Deribit has unveiled a new hybrid custody model, aimed at streamlining access for institutional custodians and brokerages and reducing onboarding time for capital markets traders.
Toronto-headquartered legal technology company Dye & Durham has appointed Luke McCormick to its board of directors with immediate effect. The appointment is in line with its cooperation agreement with activist hedge fund firm Blacksheep Fund Management.
Hong Kong’s Securities and Futures Commission (SFC) has revised its guidelines on market sounding practices, softening certain requirements after receiving feedback from hedge funds and banks, according to a report by Bloomberg.
Neil Campling and Toby Clothier, the analysts known for identifying potential fraud at German payments firm Wirecard years before its collapse, have shut down their hedge fund, Chameleon Global Master Fund, due to its limited scale, according to a report by City AM.
Pfizer CEO Albert Bourla has defended the drugmaker’s turnaround strategy in response to criticism from activist hedge fund firm Starboard Value, after reporting stronger-than-expected quarterly profits on the back of robust sales of its Covid-19 treatment Paxlovid, according to a report by Reuters.
Chris Maynard, former CFO of hedge fund Winton Capital Management, has taken up the role of Head of Treasury at AI-driven trading firm Quadrature, known for its substantial pay per employee, which averages over £3m, according to a report by eFinancial Careers.
Dan Timošenko, who was appointed by Deutsche Bank from HSBC in 2017 to rebuild the bank’s metals trading business, has left to join quantitative hedge fund firm Qube Research & Technologies, according to a report by eFinancial Careers.
Pyth contributors have launched Crypto Redemption Rate Feeds, unlocking two new popular asset classes – liquid staking tokens and yield-bearing stablecoins – both have been a major driving trend in the DeFi space for the last year.
