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Gregoire Tournant, the former Chief Investment Officer at Allianz SE’s US-based Structured Alpha hedge funds, has been sentenced to 18 months of home confinement for his role in a fraud that contributed to $3.2bn in investor losses, according to a report by Bloomberg.
The Bank of England (BoE) has issued a warning about the rising influence of hedge funds in the UK government bond market, highlighting how their use of leverage could amplify financial system vulnerabilities, according to a report by the Financial Times.
Hedge funds surged in November, driven by the US Presidential election results, as managers and investors positioned for an active M&A cycle and more business-friendly policies from the incoming administration, according to HFR.
TT International (TT), an alpha-driven specialist investment manager, has launched two new Emerging Market Debt (EM Debt) strategies, which will be managed by a team led by Jean-Charles (JC) Sambor, using the same contrarian approach the team has successfully employed over the last eight years.
Post-trade network Synergy has launched a new Swaps Lifecycle Management service allowing hedge funds, asset managers, prime brokers, and other market participants to enhance post-trade efficiency across the network.
Australian hedge fund Regal Partners has officially ended its takeover discussions with Platinum Asset Management after nearly two months of due diligence failed to result in an improved offer, according to a report by Bloomberg.
Polen Capital, a US-based investment management firm, announced on Monday that it has secured preliminary approval for a license to operate in Abu Dhabi Global Market (ADGM), the emirate’s financial centre, according to a report by Reuters.
Five9, a US-based call centre software provider, is reportedly close to a settlement with Anson Funds Management after sustained pressure from the hedge fund and other activist investors seeking changes to enhance its share price, according to a report by Reuters.
Multi-strategy hedge fund startup Arrowpoint Investment Partners has seen its assets under management (AUM) climb to $1.1bn, fuelled by a 3% return in November, marking its best monthly performance since launching in July, according to a report by Bloomberg.
Jane Street and Millennium Management have reached a settlement in a lawsuit involving allegations of trade secret theft following the departure of two traders from the proprietary trading firm to the multi-strategy hedge fund, according to a report by Reuters.
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