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Pirum, a provider of securities finance automation and connectivity solutions, has appointed Richard Marquis as its Director of Sales for North America.
TOP STORY: Hedge funds that bet against Tesla have been hit hard by a substantial rally in the company’s share price, with 18% of over 500 hedge funds tracked by Hazeltree holding short positions in Tesla by the end of June, up from 15% at the end of March, according to a report by Bloomberg.
EEX Group global power markets continued their upward trend in terms of year-on-year monthly volume growth in June to 893.6 TWh (+17%), with significant increase recorded in Belgian power futures (+110%) and CSEE power futures (+123%).
Paul Singer’s Elliott Investment Management, one of the world’s largest activist investment firms, is planning to expand its New York City office presence, four years after moving its headquarters to Florida, according to a report by the Real Deal.
Jain Global, the new multi-manager hedge fund firm launched by former Millennium Management Co-Chief Investment Officer Bobby Jain, has hired Squarepoint Capital’s Ali Rauf as a portfolio manager, according to a report by Financial News.
Hong Kong’s Market Misconduct Tribunal has ordered Jonathan Dominic Iu Wai Ching, a former responsible officer of hedge fund Tarascon Capital Management (Hong Kong), to disgorge illicit profit of over $5.6m from false trading.
Avelacom has expanded its low latency solution portfolio for access to the Brazil Stock Exchange by completing its network certification and becoming an RCB (Rede de Comunicação B3 – B3 Communications Network) provider.
Southwest Airlines Co has adopted a shareholder rights strategy, commonly known as a “poison pill,” in a bid to prevent activist hedge fund firm Elliott Investment Management from increasing its stake in the business, according to a statement released by the US carrier.
Confidence among hedge fund managers dipped in the second quarter of the year, falling below the historical average as measured by AIMA’s Hedge Fund Confidence Index, although managers remain generally optimistic about the prospects for their businesses.
Steve Cohen’s Point72, Ken Griffin’s Citadel and Izzy Englander’s Millennium Management emerged as the top performers in the first six months of 2024, marking a strong recovery for major Wall Street hedge funds after a sluggish 2023, according to a report by Business Insider.
