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Permutable AI, a specialist in artificial intelligence for financial markets, has launched Trading Co-Pilot, a new AI-driven tool, providing real-time global news, price data, insights, and signals for commodity markets, precious metals, and agriculture.
Kayenta, a technology firm focused on hedge fund treasury solutions, has appointment of Vince Gerosa as Managing Director, Americas Head of Product to lead the firm’s product strategy and development in the region.
Activist investor Selwood Asset Management is urging German energy company RWE AG to clear up any uncertainty surrounding its potential share buyback programme as its stock continues to underperform its industry peers, according to a report by Bloomberg.
Activist investment firm Elliott Investment Management has escalated its battle with Southwest Airlines by calling for a special meeting to vote on new board members after nominating eight new candidates who could potentially reshape the airline’s strategy, according to a report by Bloomberg.
A former hedge fund manager for Jefferies Financial Group is pushing back against a fraud lawsuit accusing him of knowingly investing over $100m of the fund’s money in a Ponzi-like scheme involving water vending machines, according to a report by Bloomberg.
Activist Gatemore Capital Management has appointed Casey Herren as its new Director of Business Development to lead partner relations and capital formation efforts, and support its turnaround, recovery, and growth opportunity-focused equities strategy across UK and US public markets.
Hedge funds gained 1.22% in September according to the gross return of the SS&C Technologies Holdings’ SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.44% in October.
An FTX customer has filed a lawsuit against Olympus Peak, a hedge fund that bought his claim in the bankrupt cryptocurrency exchange, alleging that the fund underpaid him and is now set to profit more than $1m as a result, according to a report by Bloomberg.
North American hedge fund assets under management (AUM) reached $3.66tn by the end of 2023, an 8.3% increase from the $3.37tn seen in 2022, according to a report by Pensions & Investments online citing new data from alternative investments data provider Preqin.
Jun Bei Liu, the manager of one of Australia’s top -performing hedge funds, is set to leave Tribeca Investment Partners to establish her own investment firm after nearly 20 years with the company, according a report by Bloomberg.
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