Latest News
US hedge fund North Rock Capital is expanding its Asia footprint with the opening of a new office in Singapore. The move comes a year after North Rock established its first Asia office in Hong Kong, according to a report by the Straits Times.
Hedge funds achieved double-digit returns in 2023, led by equity strategies with a weighted average return of 21.91%, according to research from asset servicer Citco, which has over $1.8tn in assets under administration.
The Court of Appeal has granted Argentina permission to appeal a lawsuit brought by four hedge funds – Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald International, which left the country facing a potential €1.56bn bill, according to a report by Reuters.
Align, a provider of technology infrastructure solutions and managed IT Services, has appointed Vinod Paul, who joined the business in 2017 and previously held the position of Chief Operating Officer, as President of Align Managed Services, effective immediately.
A group of hedge funds with exposure to mortgage bonds and average gross leverage in excess of 2,000% has attracted the attention of the European Securities and Markets Authority over concerns of potential market risk, according to a report by Bloomberg.
Singapore-based multi-strategy hedge fund firm Dymon Asia is creating a new share class, featuring a client-friendly fee-structure and including a so-called hurdle rate, as part of a $1bn fund-raising effort, according to a report by Bloomberg.
Millennium Management, the $60bn multi-strategy hedge fund major founded by Izzy Englander, has appointed Matthew Nguyen as the firm’s new Deputy Head of Commodities, according to a report by Bloomberg.
A vote on new regulations, which would introduce a requirement for hedge funds and proprietary trading firms to register as dealers, has been postponed by the Securities and Exchange Commission, according to a report by Bloomberg.
Two Sigma Investments recorded mixed returns across its family of hedge funds last year, with the firm’s macro Compass Enhanced fund falling 16% while its Absolute Return fund, which trades across several strategies, gained 12%, according to a report by Bloomberg.
Former Goldman Sachs Group Managing Director Jamie Goodman has secured backing from Millennium Management for his upcoming Asia hedge fund firm, with Izzy Englander’s $61m multi-strategy firm committing $500m to the new fund, according to a report by Bloomberg.
