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Segantii Capital Management, the Hong Kong-based multi-strategy hedge fund firm founded by Simon Sadler in 2007, has seen its assets shrink by 18% over the past year on the back of investment losses and client redemptions, according to a report by Bloomberg.
Sigma Broking, an international privately-owned brokerage company servicing hedge funds investment banks and other institutional customers, has appointed Gary Pettit as its new CEO with immediate effect, following FCA approval.
Activist investor Carl Icahn has secured two seats on the board at JetBlue Airways after revealing a 10% stake in the airline and then striking a deal that averts a potential proxy fight, according to reports.
Paul Singer’s $55bn Elliott Investment Management is considering an all-cash offer for UK electrical goods retailer Currys after rejection of its initial £700m bid (62p per share), according to its statement published on the London Stock Exchange.Â
Hedge fund majors Marshall Wace and Millennium Management are both likely to have profited from the recent sharp fall in Close Brothers’s share price, having held “significant” short positions in the beleaguered merchant bank, according to a report by The Times.
Cyber security at both the Securities and Exchange Commission and the Commodity Futures Trading Commission is an increasing concern for hedge fund managers following the adoption of new rules forcing them to disclose more about their investment strategies.
Owen Coughlan, the former Head of Euro Swaps Trading at NatWest Markets has returned to the banking fold with Barclays in Paris after a brief foray into hedge funds, according to a report by eFinancial Careers.
The headcount at New York-based hedge fund Jain Global now numbers more than 80 employees, according to a report by eFinancial Careers.
George Demain, Senior Portfolio Manager and Systematic Trader at Millennium Management, has left the firm just 20 months after joining the business, according to a report by Bloomberg citing people familiar with the matter.
A record-breaking surge in cocoa prices on the back of poor harvests in West Africa has prompted hedge funds and other speculative investors to pile into the market, according to a report by Bloomberg citing positioning data from CFTC.
