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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
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
