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Event-driven hedge fund firm Gates Capital Management, one of the largest shareholders of Outdoor sports and recreation brands owner Vista Outdoor, is opposing the proposed sale of the company’s shooting-related products division The Kinetic Group to Czechoslovak Group.
Despite reducing its workforce by 4% earlier this year, mid-sized multi-strategy hedge fund Walleye Capital is still making new hires, including Rupert Graham, formerly head of options at WorldQuant in Switzerland, who has joined as a systematic volatility portfolio manager, according to a report by eFinancial Careers.
Clear Street, a financial technology firm focused on the brokerage ecosystem, is to acquire Instinet’s Fox River algorithmic trading business, which provides algorithmic execution solutions in US and Canadian equities.
Family offices with assets in excess of $1bn are increasingly opting for quantitative trading strategies as a cost-effective alternative to traditional hedge funds, according to a report by Bloomberg citing a Citigroup executive.
Global hedge funds have been reducing their exposure to US stocks for five consecutive days amid a broad sell-off in megacap tech-related stocks, according to a report by Reuters citing a note from Goldman Sachs.
Citadel, the multi-strategy hedge fund major founded by Ken Griffin, has appointed Andrew Pidgeon, a senior executive from Segantii Capital Management, to head its Asia-Pacific treasury team, according to a report by Bloomberg.
Horizon Trading Solutions, a provider of electronic trading solutions and algorithmic technology for the global capital markets, has partnered with Transaction Network Services to provide mutualised hosting services.
Mark Nordlicht, the founder of the now-defunct Platinum Partners hedge fund, has been sentenced to six months of home confinement for his role in a scheme to defraud bondholders of an oil and gas company, according to report by Reuters.
London-based digital assets hedge fund manager Nickel Digital Asset Management has reported record H1 performance for its systematic Diversified Alpha Fund of 18.6% net, according to data from BarclayHedge.
Arcesium, a provider of investment lifecycle and data management technology, has launched Opterra, an operational platform aimed at hedge funds, private market funds and other asset managers in optimising middle- and back-office functions across asset classes.
