Latest News
Avelacom has reduced network latencies between European markets and major East Asian cities Tokyo, Shanghai and Hong Kong with the latency for the London-Shanghai now less than 125ms compared to the previous industry benchmark of approximately 133ms.
Derivatives and securities exchange network Cboe Global Markets is expanding its volatility products with the launch of options on Cboe Volatility Index futures, subject to regulatory review.
Kirkoswald Asset Management, the hedge fund firm led by ‘Wizard of Oz’ Greg Coffey, is venturing into the private credit sector for the first time by providing a $20m senior secured loan to Turkish textiles exporter Altinyildiz, according to a report by Bloomberg.
David Einhorn’s value driven hedge fund Greenlight Capital has significantly increased its stake in HP, elevating the technology stock to one of its top five positions, according to a report by Institutional Investor citing a recent client letter.
Hedge funds ramped up their bearish positions on Japanese stocks at the fastest rate in over five years, with the surge in short-selling during between 2 August and 8 August coinciding with the Nikkei’s worst performance since Black Monday in 1987, according to a report by Reuters.
Hedge funds have adopted their most bearish stance on commodity prices since at least 2011, driven by concerns over a potential economic slowdown impacting demand for raw materials ranging from crude oil to metals and grains, according to a report by Bloomberg.
Third Point, the $12bn activist hedge fund firm led by Daniel Loeb, has built a 6% stake in Bath & Body Works and is pushing for board changes at the retailer, according to a report by Reuters citing a recent regulatory filing.
Howard Hughes Holdings has established a special committee to review a potential buyout offer from Pershing Square Capital Management, the hedge fund run by Bill Ackman, which owns approximately 37.5% of the real estate developer, according to a report by MarketWatch.
Man Group, the British hedge fund major and the world’s largest listed hedge fund manager, has appointed Bernd Kerner as Investment Director for its European private debt team at Man Global Private Markets, according to a report by Reuters.
Arini Capital, the credit hedge fund firm launched by former Credit Suisse trader Hamza Lemssouguer in 2022, has reported strong performance rebound for its flagship fund which posted a 7% gain in July after a disappointing first half of the year, according to a report by Bloomberg.
