Latest News
Options Technology, a Capital Markets services provider, has announced the promotion of Claire McKillen to the position of Vice President, Financial Controller
CME Group, a derivatives marketplace, has announced that open interest in its deeply liquid SOFR complex set a new record of 60,435,467 contracts on December 12, including 48.3 million options contracts and 12.1 million futures contracts.
The hedge fund managed by Pierre Andurand, an oil trader, is set to have its worst ever loss, after its bets on oil futures failed to pay off, according to a report by Bloomberg.Â
Activist hedge fund Trian Partners plans to nominate two candidates to Walt Disney’s board of directors, intensifying a campaign against the media group that is expected to be one of the most contested proxy battles in years, according to a report by The Financial Times.
Investors redeemed $38bn from top performing hedge funds in the 12 months to end-October, having pulled out $14bn in the year earlier period, according to a report by Reuters. The report cites data from hedge fund specialist Aurum Research.Â
TOP STORY: Hedge funds and brokerages have new requirements from the Securities and Exchange Commission to centrally clear far more of their US Treasuries trades in a structural overhaul for the $26tn market, according to a report by Bloomberg.
Hedge funds, including big name multi-strategy players Citadel and Millennium Management, are letting go of surplus staff as the year winds up, according to a report by eFinancial Careers.Â
Jain Capital, the yet to debut hedge fund founded by Bobby Jain, is all set to go on a hiring spree ahead of a “monster”, and largest ever hedge fund launch, according to a report by The Business Wire.
Six portfolio managers have left billionaire Izzy Englander’s multistrategy hedge fund Millennium Management, according to a report by Bloomberg. The report cites an unnamed person as the source familiar with the matter.
An alleged fraud in China that saw financial firms including a major hedge fund at its epicentre  has cautioned the industry, with investment managers, regulators and brokerages racing to improve risk monitoring, according to a report by Bloomberg.Â
