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A bond market basis trade that has attracted the attention of regulators concerned about financial stability risks has helped hedge fund Exodus Point to chalk up a gain of around 2% for the year to the end of March, according to a report by Reuters.
A regulatory crackdown in South Korea last year saw hedge funds Segantii Capital Management and Point72 Asset Management fined along with proprietary trading firm Jane Street Group and other investment firms, according to a report by Bloomberg.
New York-based diversified financial services firm Clear Street has made several senior-level hires within the prime brokerage business of its institutional division, expanding its derivatives, algorithmic and cap intro teams.
S&P Global has completed its acquisition of Visible Alpha, a financial technology provider of deep industry and segment consensus data, creating a new offering of fundamental investment research capabilities on its Capital IQ Pro platform.
April proved to be a busy month for portfolio manager appointments in Singapore, with six new positions filled at hedge funds either headquartered in or operating in the city state, according to a report by eFinancial Careers.
Ai For Alpha, a fintech specialising in AI investment strategies, has launched its “CTA Flows Oracle” technology, which intends to leverage the firm’s hedge fund strategy replication tech to predict flows of managed futures funds across asset classes.
Hong Kong’s Securities and Futures Commission (SFC) has launched insider trading criminal proceedings against hedge fund Segantii Capital Management, Founder and Chief Investment Officer Simon Sadler and ex-trader Daniel La Rocca.
New York-based activist hedge fund TOMS Capital Investment Management has taken an undisclosed “significant” stake in Kellanova, a US multinational food manufacturing company formerly known as Kellogg Company with a market valuation of $21bn, according to a report by Reuters.Â
Douglas Borden, a former Goldman Sachs Managing Director, has left quantitative trading firm Hudson River Trading to move back into the banking sector with JPMorgan, having spent recent years at hedge funds and high-frequency trading firms, according to a report by eFinancial Careers.
New York may have seen a post-pandemic exodus of financial firms, but hedge fund Graham Capital Management has given the Big Apple a vote of confidence as a financial centre by revealing plans to open a new office in the city, according to a report by the Financial Times.
