Latest News
Blackstone and Vista Equity Partners’ $8.4bn acquisition of work management software company Smartsheet has set the stage for a major payday for New York-based hedge fund Eminence Capital, known for its strategic bets on future takeover targets, according to a report by Forbes.
Digital asset investment products experienced a second consecutive week of inflows last week, totalling $321m, as the US Federal Reserve cut interest rates by 50bp, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
TT International, an investment manager offering cross-asset long-only and long-short investment strategies has named the six team members that will lead the firm’s new Emerging Markets Debt offering, which it is launching to complement its existing global macro and EM strategies.
The Depository Trust & Clearing Corporation’s (DTCC) Alternative Investment Product (AIP) service has now passed 2,500 unique clients, including hedge funds and funds of funds, who leverage the service to automate investment processing including post-trade reporting.
Palinuro Capital, a new global macro hedge fund based in Amsterdam, has secured nearly $100m in investment commitments and is gearing up to begin trading in January, according to a report by Reuters citing the firm’s founder Alfonso Peccatiello.
Gold and silver are gaining significant momentum as hedge funds increase their bullish bets on the precious metals, anticipating the Federal Reserve’s upcoming easing cycle, according to trade data from the Commodity Futures Trading Commission.
Multi-manager hedge fund firms including Millennium Management and Schonfeld Strategic Advisors are increasingly turning to an old strategy – investing in other hedge funds — as a way to deploy capital and access new talent, according to a report by Pensions & Investments.
Singapore Exchange Ltd is exploring expanding its operations into Dubai, amid an ongoing increase in the number of hedge funds establishing a presence in the United Arab Emirates, according to a report by Bloomberg.
Hedge funds significantly increased their investments in US technology and media stocks last week amid expectations of a 50 basis point interest rate reduction by the US Federal Reserve, according to a report by Reuters.
A Danish prosecutor has called for a 12-year prison sentence for British hedge fund trader Sanjay Shah, accusing him of defrauding Denmark of more than DKK9bn ($1.35bn) through dividend tax refund schemes, according to a report by Reuters.
