Latest News
GCW Global Customised Wealth, a provider of investment management solutions to sophisticated individual investors and institutions, has formed a strategic relationship with North Carolina-based hedge fund-of-funds Collwick Capital.
Wellesley Asset Management, an asset manager specialising in convertible bonds, has added David Clott, founder of the Morley (Aviva) Convertible Arbitrage hedge fund, to its Portfolio Management team.
The UK’s Financial Conduct Authority has concluded its investigation into Odey Asset Management, and will not take any action against the London-based hedge fund firm, which closed this year following allegations of sexual misconduct against founder Crispin Odey, according to a report by Reuters.
Global hedge funds have moved to cover their bearish bests against US-listed companies prompted by the unexpected rally in US shares following last week’s Federal Reserve meeting, according to a report by Reuters.
Bombardier Inc is to face a law suit brought by three hedge funds – Antara Capital Master Fund, Corbin Erisa Opportunity Fund and Corbin Opportunity Fund – over an alleged default by the jet maker on some of its bonds when it sold off business units, according to a report by Bloomberg.
Formidium, a specialist in fund administration and technology, has appointed John Manley as its new Chief Marketing Officer as part of a wider initiative to grow its presence in the hedge fund sector.
Calderwood, a Cayman Islands boutique fund governance firm, has expanded its senior team with two key appointments – Jason Perras and Rena Strecker – who both join as Independent Directors.
Hedge funds finished November up 1.99% according to the gross return of the SS&C GlobeOp Hedge Fund Performance Index, while hedge fund flows, as measured by the SS&C GlobeOp Capital Movement Index declined 0.47% in December.
Activist hedge fund investor Carl Icahn is gearing up for a second board challenge at Ilumina as he looks to oust directors at the gene-sequencing company just months after shareholders elected one of his director candidates, according to a report by Reuters.
Multi-strategy hedge fund major Millennium Management is moving its European HQ to the firm’s former offices in Mayfair following a complete overhaul and extension of the property, according to a report by the Evening Standard.
