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Kirkoswald Asset Management, the London-based investment firm founded by Australian Greg Coffey, has become the latest hedge fund to establish a presence in Abu Dhabi with the opening of a new office in the emirate, according to a report by Bloomberg.
A number of buy-side firms including hedge funds, asset managers, and insurance companies are adopting solutions from FIS that are historically aimed at sell-side clients, such as its Cleared Derivatives and Cross-Asset Trading and Risk platforms.
Derivatives marketplace CME Group is to launch options on S&P 500 Annual Dividend Index futures on 29 January, pending regulatory review, in response to client demand for additional flexibility to customise dividend-related strategies.
Hamza Lemssouguer, a former star trader at Credit Suisse, notched up a 32% return with his $2.7bn Arini credit master fund in 2023, making it one of the top performing credit strategies, according to a report by Bloomberg.
Lone Pine Capital, the $15bn Greenwich, Connecticut-headquartered hedge fund firm founded by Tiger Cub Stephen Mandel, bounced back with strong returns in 2023, following a wave of client redemptions and big losses in 2022, according to a report by Business Insider.
Hedge funds that make money from M&A arbitrage are set to benefit amid signs that the deal activity is beginning to recover after 2023 turned out to be the sector’s worst year for a decade, with deal volume totalling just $2.9tn, according to a report by Bloomberg.
Multi-strategy major Citadel has parted company with two of its portfolio managers – Matthew Carter-Tracy and Jospeh DiGiacomo – while another – Ben Shapiro – is rejoining Ken Griffin’s $62bn firm, according to a report by Bloomberg.
Eleven, a fintech providing solutions for hedge and private equity funds, has launched Eleven OS 7, which the company says brings “the new level of simplicity, centralisation, data transparency and data integrity to the global private investment process”.
The incorporation of environmental and social metrics into investment strategies is becoming increasingly common among hedge fund managers, according to a report by Bloomberg citing research by analysts at UBS Group.
Despite bonus season looming large, Goldman Sachs has seen several staff depart its London-based rates trading business to take up new positions at hedge fund firms in recent weeks, according to a report by eFinancial Careers.
