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Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering of his investment fund, Pershing Square USA, by offering additional incentives to attract early investors, according to a report by the Financial Times
Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses experienced in 2022, according to a report by Institutional Investor.
Appital, a peer-to-peer price discovery and liquidity sourcing technology for asset managers, has adde new functionality designed to stimulate natural liquidity among Appital’s buyside clients and discover pricing dynamics on larger ADV orders on their pad.
Hedge funds may be facing losses totalling billions of dollars due to a steep decline in the shares of Chinese e-commerce giant PDD Holdings, the parent company of budget retailer Temu, according to a report by Reuters.
TS Imagine, a global specialist in trading, portfolio, and risk management solutions, has launched Platform 3.0, which the company says is a significant upgrade to its suite of services designed for financial institutions.
Candriam, a global multi-asset manager with €145bn in AUM, has launched the Candriam Equities L ESG Market Neutral Fund which will target long and short investment opportunities based on both financial and ESG criteria.
Millennium Management is set to support Sone Capital Management, former Echo Street Capital portfolio manager George Panos’s new systematic market-neutral hedge fund firm, as part of a strategy to allocate more capital to external traders, according to a report by Bloomberg.
Kirin Holdings Co has postponed its purchase of a majority stake in Fancl Corp, setting a new 11 September deadline, amid challenges posed by significant share acquisitions by hedge fund MY.Alpha Management HK Advisors, which now controls over 10% of Fancl’s voting rights, according to a report by Bloomberg.Â
Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust, and National Australia Bank, has launched support for Cardano staking.
MFA has submitted a comment letter in support of the goals of the European Securities and Markets Authority’s (ESMA) proposal to enhance access to market data through improvements to the MiFID II/MiFIR regime.
