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IPC, a provider of secure, compliant communications and multi-cloud connectivity solutions for the financial markets, has been certified as a Google Cloud Interconnect Partner, and is now listed as one of its global providers of Supported Services.
Activist hedge fund firm Elliott Investment Management has intensified its campaign against Southwest Airlines, criticising the airline’s board for adopting a “poison pill” strategy and appointing a new director, according to a report by Skift.
Hedge funds have significantly increased their bearish bets against petrol prices, with short wagers reaching the highest level in seven years due to unexpectedly weak demand during this summer’s driving season, according to a report by Bloomberg.
Clear Street, a cloud-native financial technology firm and independent prime broker, has appointed Edward Tilly to the firm as President. Tilly joins Clear Street after a successful decade-long tenure as Chief Executive Officer at CBOE Global Markets.
Hedge funds posted mixed performance in June as election and political risks surged throughout Asia, Europe and the US, with European and Asian central banks cutting interest rates despite inflationary pressures, and gains in US large cap tech stocks hitting record highs.
Former Goldman Sachs analyst and cryptocurrency hedge fund boss Murad Mahmudov has openly criticised Ripple-promoted XRP and Cardano’s ADA, labelling them as “cult meme coins” in a post on social media platform X, according to a report by ZyCrypto.
Australia’s $2.6tn pension market, one of the world’s fastest-growing pools of retirement capital, is reducing its hedge fund investments amid growing regulatory scrutiny over fees and performance, according to a report by Bloomberg.
Hedge funds are aggressively investing in commodity-sensitive stocks, ramping up their acquisitions to the fastest rate seen in five months, according to a report by MarketWatch citing data from the prime brokerage division at Goldman Sachs.
Viridian Asset Management, a new hedge fund firm led by Pascal Guttieres, a former portfolio manager at Segantii Capital Management, has received approval in principle from Hong Kong’s securities watchdog, according to a report by Bloomberg.
Zurich-headquartered asset management group GAM has appointed Randel Freeman as Co-Head/Co-CIO of its new alternative investments unit – GAM Alternatives. Last year, Freeman was a candidate for CEO but withdrew for personal reasons.
