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The China operations of US hedge funds Bridgewater Associates and Two Sigma Investments saw a big surge in assets last year as they weathered market turbulence to outperform their local rivals, according to a report by the Financial Times.
Activist hedge fund Blackwells Capital is seeking support for three board director nominees at Walt Disney, saying in a preliminary proxy filing that all three have skills and experience that would help the business, according to a report by Reuters.
Clear Street, a New York-based diversified financial services firm founded in 2018, has added a corporate access offering as part of its services across prime brokerage, sales, trading and investment banking.
The world’s 20 most successful hedge fund firms generated their biggest profits on record last year on the back of a stock market surge, making a combined $67bn for investors, according to a report by Reuters citing data from LCH Investments.
Activist hedge fund firm Trian Fund Management has formally nominated founder Nelson Peltz and former Disney executive Jay Rasulo for seats on the board at Walt Disney, two days after the entertainment giant nominated a different slate of directors, according to a report by AP News.
Global hedge funds recorded an average gain of 2.14% last December according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index for the month, while hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined by 2.37% in January.
Point72 Asset Management, the systematic hedge fund firm founded by Steve Cohen, has started the year with a rejig of its legal team, with Deputy General Counsel Jason Colombo taking on the role of General Counsel, according to a report by Bloomberg.
Jain Global, former Millennium co-CIO Bobby Jain’s much anticipated hedge fund launch, may be struggling to hit its original fundraising target, but recruitment is continuing apace, with Adil Hayat as the firm’s latest new recruit, according to a report by eFinancial Careers.
Hedge funds continued their run of positive performance last December, notching up an overall weighted return of 2% for the month according to new data from Citco, the global alternative investment asset servicer with over $1.8tn in AUM.
Lord Michael Hintze, who recently sold the majority of his credit-focused investment firm CQS to a unit of Manulife Financial Corporation, has begun initial preparations for the launch of a new hedge fund firm, according to a report by Bloomberg.
