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Bobby Jain’s new hedge fund, Jain Global, has added Joanne Lim, a former senior trader at Balyasny Asset Management, to its Hong Kong office, according to a report by Financial News.
Activist hedge fund firm Engine Capital has acquired a stake of just under 5% in C&C Group, the FTSE 250-listed manufacturer of Magners Irish Cider, according to a report by Bloomberg.Â
Global strategy consulting firm Stax has opened a new office in London, following the January hiring of Phil Dunne as managing director to lead the firm’s UK and EMEA practice.Â
Segantii Capital Management has initiated the return of approximately one-third of its $4.7bn AUM to investors, following its decision to wind down operations amidst an insider dealing charge, according to a report by Bloomberg.Â
Prime broker challengers like Cantor Fitzgerald, Interactive Brokers and StoneX are gaining ground as they seek to attract smaller hedge funds that are often underserved by major banks, according to a report by Financial News.
Emerging markets hedge funds saw accelerated gains through mid-2024, according to the latest data from Hedge Fund Research.Â
Hedge funds saw notable gains in May, benefiting from a resurgence in global equity markets fuelled by historically low unemployment and stable or slowly declining inflation rates, according to PivotalPath’s Composite Index.Â
Arrowpoint Investment Partners, one of Asia’s largest hedge fund launches this year, has secured investment from the Canada Pension Plan Investment Board and a unit of Singapore’s Temasek Holdings, according to a report by Reuters.Â
Public equity investor Boston Partners has transitioned its Boston Partners Global Long/Short Fund to the FundRock trading platform as of 4 June, which will see the fund shift from a SICAV to an ICAV structure, according to a report by AlphaWeek.Â
Electron Capital Partners’ Global Fund is poised for its best performance in four years, rebounding from last year’s losses with a strong start in 2024, according to a report by Institutional Investor.Â
