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A British hedge fund trader has been sentenced to eight years behind bars by a Danish court after admitting his part in the so-called ‘cum-ex’ tax scheme that defrauded the country’s tax authorities of billions of Danish crowns, according to a report by Reuters.
Statar Capital, a Miami-based hedge fund specialising in natural gas trading founded by former Citadel and DE Shaw Trader Ron Ozer, has booked big profits from a large bet on the easing of European gas market volatility sparked by Russia’s invasion of Ukraine, according to a report by Bloomberg.
Multi-strategy major Millennium Management is set to name Ken Pang, the former Co-Head of Markets at Credit Suisse, as its new Head of Equities, Asia based in Hong Kong, according to a report by Risk.net citing people familiar with the matter.
LedgerPrime, a quantitative and systematic digital assets hedge fund acquired by Sam Bankman-Fried’s now defunct FTX in 2021, has relaunched as MNNC Group, a Cayman Islands-registered multi-strategy hedge fund, according to a report by Bloomberg.Â
London-based multi-strategy hedge fund Eisler Capital plans to raise between $1bn and $1.5bn of capital and increase its Portfolio Manager headcount to between 120 and 125 this year, according to a report by the Financial Times citing people familiar with the matter.
Kirkoswald Asset Management, the global macro hedge fund firm founded by former GLG Partners and Moore Capital Management Trader Greg Coffey, is closing in on a deal to acquire emerging markets manager Emso Asset Management, according to a report by Bloomberg.
Asia hedge fund launches fell to the lowest level seen in 14 years last year, with just 62 new funds making their debut. China-focused funds accounted for less than 25% of that total, with just 15 of the newcomers focused on the world’s second biggest economy, according to a report by Reuters.
The SS&C GlobeOp Forward Redemption Indicator, which represents the sum of forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, rose to 2.41% for February, up from 2.03% in January.
The China Securities Regulatory Commission is to increase its supervision and scrutiny of derivatives business in the country’s stock markets, including so-called DMA-Swap products, according to a report by Reuters.
Exegy, a provider of market data and trading technology for the capital markets, has added intraday signals to Liquidity Lamp, its artificial intelligence-powered iceberg order detection offering.
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