Latest News
Singapore authorities are intensifying scrutiny of hedge funds and family offices, requiring more information while stepping up the closure of dormant firms after a series of scandals exposed weaknesses in the oversight of the city state’s financial sector, according to a report by Bloomberg.
Paul Singer’s activist hedge fund firm Elliott Investment Management has acquired an almost $2bn stake in Southwest Airlines and intends to advocate for changes at the airline, according to a report by the Wall Street Journal.
ETF provider ProShares has expanded its product lineup with the launch of two ether-linked ETFs – the ProShares Ultra Ether ETF which targets 2x daily ether returns, and the ProShares UltraShort Ether ETF which targets -2x daily ether returns.
Faegre Drinker has appointed Michelle Moran as a partner in the law firm’s investment management group in London. Her practice covers all aspects of fund management, including UCITS, hedge funds, private funds and credit funds.
Cloud data management solutions provider GoldenSource and AI data cloud company Snowflake have launched GoldenSource Omni, an app aimed at streamlining financial reference data integration for investment managers.
Hedge funds Rokos Capital Management and Andurand Capital Management have emerged as key players in the copper market, making significant bets on rising prices that have already yielded early gains, according to a report by Bloomberg.
Led by directional equity hedge and event-driven strategies, the HFRI Fund Weighted Composite Index advanced 1.3% in May, with additional positive contributions from relative value arbitrage strategies offsetting a decline in macro strategies.
AlphaGrep Global Capital, the international asset management business of AlphaGrep Group, has appointed Chief Operating Officer Dr Brendan Campbell as the company’s new Chief Executive Officer, effective immediately.
Multi-strategy major Millennium has become the latest hedge fund to add an AI researcher to its team with the appointment of PhD nuclear physicist Aaron Key as its Head of AI for Fixed Income Technology, according to a report by eFinancial Careers.
AQR Capital Management, an alternative asset manager with $109bn in assets across hedge funds, long-only and liquid alternatives, has parted company with Principal and Global Co-Head of its macro strategies group Yao Hua Ooi, according to a report by Pensions & Investments.
