Latest News
Brevan Howard has become the latest hedge fund to turn to the banking sector in its search for senior tech staff with the appointment of Mike Sanders from JPMorgan as its new Global Chief Technology Officer in London, according to a report by eFinancial Careers.
Philip King’s Regal Partners Ltd has made a bid to acquire rival Platinum Asset Management Ltd. as part of its aggressive expansion, which has seen its assets more than triple in the last two years, according to a report by Bloomberg.
Hedge funds have returned to buying financial sector stocks at the fastest pace since June 2023, with a particular focus on banks, insurance, and trading firms, according to a report by Reuters citing a note from the prime brokerage division at Goldman Sachs.
As China’s efforts to prop up the yuan begin to fade, data due out this week is expected to confirm that a once-popular strategy among foreign investors has lost momentum in August, according to a report by Bloomberg.
The South Korean government has appealed a British court’s decision to dismiss its lawsuit aimed at overturning an international tribunal’s order to pay approximately $100m in damages to US hedge fund Elliott Investment Management, according to a report by the Korea Times.
Connecticut-based Bridgewater Associates, one of the world’s largest hedge fund managers, is expanding its office footprint with the opening of a new operation in New York. The firm is to lease space in Manhattan to complement its current HQ in Westport.
Tidan Capital, the Stockholm-based boutique hedge fund firm founded in 2020 by Brummer & Partners alumni Michael Falken, William Wilson, and Aram Hussein, has appointed Serge Houles as the company’s new Chief Executive Officer.
Millennium Management, the multi-strategy hedge fund major founded by Izzy Englander, is aiming to raise between $7bn and $10bn in new capital as part of a strategy to secure a more permanent funding structure for the firm, according to a report by Bloomberg.
Concerns over the impact on oil furures prices from a potential oversupply have seen hedge funds turn net bearish on Brent crude for the first time ever, according to a report by Bloomberg citing data from ICE Futures Europe and the Commodity Futures Trading Commission.
Derivatives and securities exchange network Cboe Global Markets is to launch trading of its previously announced new Cboe S&P 500 Variance Futures on Monday, 23 September, on the Cboe Futures Exchange.
