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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.
Chevron remained the most shorted large-cap stock in the Americas for the second consecutive month in November, according to the 2024 Shortside Crowdedness Report from Hazeltree, which tracks short-selling trends globally.
BlueLine Asset Management, a hedge fund established by former JPMorgan executives, is set to close its operations after five years, reflecting the mounting pressures facing Brazil’s investment industry, according to a report by Bloomberg.
Quantitative hedge fund Seven Eight Capital, the quantitative hedge fund firm spun out of Schonfeld Strategic Advisors just a year ago, is winding down operations after facing significant investor redemptions, according to a report by Business Insider.
Activist investor Barington Capital Group is calling for a leadership overhaul at Matthews International Corp, a leading coffin manufacturer, and wants to name three new directors to the company’s board as part of a bid to oust long-serving CEO Joseph Bartolacci.
Citadel has strengthened its operations team with the addition of Gerald Walker who will focus on options-related activities for both the hedge fund and its sister company, market-maker Citadel Securities, according to a report by eFinancial Careers.
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