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Offshore law firm Carey Olsen has promoted Michelle Falcucci, Richard Sykes, Tim Bamford, Rachel De La Haye, Andrew Tually and Nienke Malan, with effect from 1 July, bringing the firm’s total number of Partners to 84 in the process.Â
Balyasny Asset Management has terminated its $250m managed account with Franck Tuil’s activist hedge fund, Sparta Capital Management, within a year of initially backing the former Elliott Investment Management trader, according to a report by Bloomberg. Â
Billionaire Michael Platt’s hedge fund BlueCrest Capital Management has added José Arivar De Lira Junior as a senior portfolio manager in London, according to a Companies House filing on 24 June.Â
London-based multi-manager hedge fund platform Falcon Investment Management has launched a new open-ended fund providing family offices with access to a hedge fund strategy previously reserved for large institutions.Â
Genesis Global, a software provider for financial markets organisations backed by Bank of America, BNY Mellon and Citi, has partnered with interop.io to enable their respective clients to bring front-, middle- and back-office applications built on the Genesis platform into their interoperability strategy. Â
Billionaire hedge fund managers David Tepper, owner of the Carolina Panthers NFL team and founder of Appaloosa Management, Karthik Sarma of SRS Investment Management and Philippe Laffont of Coatue Management have reduced their positions in Meta Platforms in the first quarter of this year, according to a report by The Motley Fool.Â
The DTCC, a provider of post-trade market infrastructure for the global financial services industry, has added Brian Gallagher, Christopher Gelvin, Jon Herrick and Igor Modlin to its board of directors.Â
Hong Kong has surpassed Singapore in drawing single family offices, buoyed by tax advantages and an investment migration program, according to a report by the South China Morning Post.Â
Paul Singer’s hedge fund Elliott Investment Management has disrupted a $4bn debt restructuring at Veritas Holdings, a software business owned by global private investment firm Carlyle Group, according to a report by the Financial Times.Â
Bobby Jain has raised $5.3bn in commitments for his new multi-strategy hedge fund, marking the largest hedge fund launch since ExodusPoint Capital Management’s 2018 debut, according to a report by Bloomberg.Â
