Latest News
London’s Court of Appeal has ruled that Argentina must pay a deposit of €310m ($337m) before a full appeal can be heard in a court case brought by hedge funds seeking $1.5bn in compensation over losses incurred in the country’s growth-linked securities, according to a report by Bloomberg.
Fundraising for Bobby Jain’s much anticipated hedge fund launch later this year has reached $3bn, roughly half of the revised target for the new fund, which is expected to begin trading in July, according to a report by Bloomberg.
Starboard Value, the US activist hedge fund firm founded in 2002 by Jeffrey Smith and Mark Mitchell, has nominated four people to the board of Alight as part of a push for change at the US benefits services provider, according to a report by Reuters.
Rokos Capital Management, the macro hedge fund major founded by Chris Rokos, stands to make a profit of more than $1bn after a bet on US interest rates paid off following a sell-off in US bonds, according to a report by The Telegraph.
Multi-strat major Millennium Management, and Qube Research & Technologies, one of London’s biggest computer-driven hedge fund firms, are betting against German mortgage lender Deutsche Pfandbriefbank because of its exposure to the troubled US commercial real estate market, according to a report by the Financial Times.
Linedata, a global provider of asset management and credit technology data and services, has partnered with Conduit Security, to provide clients with enhanced protection against existing, emerging, and evolving cyber threats.Â
Hedge funds turned net sellers of US stocks last week, selling more shares than they bought as the major US stock indexes turned negative following five straight weeks of gains, according to a report by Reuters.
Capula Investment Management’s $3.5bn Capula Tactical Macro fund, which is run by Partner and Senior Portfolio Manager Nat Dean, is to be spun out of the firm into a separate business during the second half of the year, according to a report by Bloomberg.
Morgan Stanley Investment Management has launched the MS INVF Systematic Liquid Alpha Fund, which will be managed by its $25bn hedge funds team and will leverage a diversified set of investment strategies across different asset classes, including equity, fixed income, cash equivalents, currencies and commodities.
Barnali Biswal, who spent 14 years as a Managing Director at Goldman Sachs, has joined Hilbert Capital as Chief Investment Officer to manage and develop the firm’s quantitative investment solutions for its growing number of institutional investors.
