Latest News
Hong Kong-based investment firm Sengu Capital is gearing up to launch a new hedge fund that will look to tap into Japan’s financial market resurgence by employing an investment strategy focused on improvements in corporate management in the country, according to a report by the Japan Times.
China’s covert strategy to manage its currency is exposing domestic banks to potential multi-billion-dollar losses, while providing hedge funds and other investors with lucrative profits, according to a report by Bloomberg.
Investors are showing increased optimism toward hedge funds, with a large majority planning new allocations during the second half of 2024, a trend is fuelled by fresh capital inflows and the growing popularity of portable alpha strategies, according to a recent report by BNP Paribas.
Hedge fund indices specialist HFR and fund intelligence platform Radient AI have formed a new strategic marketing partnership, and launched a hedge fund analysis platform driven by artificial intelligence.
Balyasny Asset Management, the multi-strategy hedge fund firm founded by Dmitry Balyasny, has appointed Aditya Singh, a former Goldman Sachs director, as a macro portfolio manager, according to report by Financial News.
abrdn has closed its Global Risk Mitigation Fund, citing poor returns and lack of investor interest. The hedge fund, which had struggled with negative performance since its inception, officially ceased operations on 30 August, according to a report by the Financial Standard.
TOP STORY: Regal Partners Ltd, the Australian hedge fund firm born out of the merger of Regal Funds Management and VGI Partners in 2022, is seeking approximately $1bn in new capital for its latest Cayman Islands-based based fund, as part of broader expansion efforts, according to a report by Bloomberg.
Marc Helfman, who has served as Head of Cybersecurity at hedge fund Schonfeld for the past eight years, has left the firm, according to a report by eFinancial Careers. Helfman is believed to have resigned although Schonfeld has declined to comment on his departure.
The US Securities and Exchange Commission has abandoned its legal efforts to revive a rule mandating increased hedge fund and private equity fee disclosures, following a court setback in Chair Gary Gensler’s campaign for greater transparency in the private funds sector, according to a report by Bloomberg.
Global fintech Broadridge Financial Solutions has launched Tradeverse, a new data platform that the firm says will help trading firms eliminate data silos, and better manage costs, reconciliation, and the quality of their data.
