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Activist hedge fund firm Elliott Investment Management has disclosed a stake of more than $2.5bn in chipmaker Texas Instruments, and has written a letter to the company’s board urging the business to improve its free cashflow.
Full-service brokerage and investment banking firm Stifel Financial has entered a prime brokerage services referral partnership with global diversified financial services platform Marex Group, which intends to help both firms’ broker-dealer affiliates to better service their hedge fund and investment management clients. Â
Universal Investment Group, a Frankfurt-based fund services platform and Super ManCo servicing AIFs including hedge funds and private equity funds, has appointed John Burns as its Group Chief Technology Officer and a member of the executive board, effective 1 June 2024.
Ogier has strengthened its private investment funds legal team based in Dubai with the relocation of Dominic Athwal from the Cayman Islands. Athal has also been promoted from Senior Associate to Counsel.
Elwood Technologies, a cryptocurrency-focused trade execution and risk management platform, is in talks to sell part of its business as backer Alan Howard, co-founder of hedge fund Brevan Howard, reorganises his portfolio of crypto investments, according to a report by CoinDesk.
California-based hedge fund firm Aristotle Capital Management, has appointed Michael Graveline as Senior Vice President. In his new role, Graveline will focus on building and supporting the firm’s partnerships with RIAs and bank trust advisors.
Gryphon Fund Group, an Ohio-based fund administrator providing back-office service for registered and private investment funds, including hedge funds, has selected FundGuard as its primary accounting book of record for its open-end fund client base.
High-profile Australian stock picker Robert Luciano has sold off large stakes in two Regal-owned, ASX-listed listed funds he originally founded as he positions to launch his next venture, according to a report by the Australian Financial Review.
Among alternative investments, hedge funds are used by a third (33%) of family offices globally for diversification purposes, according to the UBS Global Family Office Report 2024.Â
Crypto hedge fund Kbit is on an aggressive expansion trajectory, with plans to significantly increase its team size, according to a report by eFinancialCareers.
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