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Trading Technologies International, Inc (TT), a global capital markets technology platform provider, has launched two new lines of business, TT Compliance and TT Quantitative Trading Solutions (QTS), to further support the company’s growth into new asset classes.
The National Association of Private Fund Managers, along with the Alternative Investment Management Association and Managed Funds Association have filed a lawsuit asking the US Court of Appeals for the Fifth Circuit to invalidate two rules recently adopted by the Securities and Exchange Commission that require reporting and public disclosure of securities loans and short selling activity.
Aspect Capital, a London based hedge fund, will soon apply to qualify to set up shop in mainland China to establish onshore fundraising and offer its products, according to a report by The Business Times. The report cites two people familiar with the matter as confirming the story.
TOP STORY: Citadel, the hedge fund run by billionaire Ken Griffin, is planning to give back about $7 billion in profits to investors after a year of double-digit returns, according to a report by Reuters. The report cites sources familiar with the matter as confirming the $7bn returns.Â
Point72, the hedge fund led by billionaire Steve Cohen is expanding its macro trading team, according to a report by Bloomberg. According to the report, Cohen’s hedge fund is seeking to diversify its business, valued at $31bn
Hedge funds sold financial stocks for a 10th week running and have the lowest exposure to the sector since March 2020, when the COVID-19 crisis roiled markets, according to a report by Reuters. The report cites a Goldman Sachs G.S.N note.
Vista, a Rio de Janerio based hedge fund has built a modest position in ADRs of Argentine banking stocks in the run-up to Javier Milei’s victory over Sergio Massa last month. It has left its holdings unchanged since then, according to a report by Bloomberg.
Hedge funds have remained bearish on oil prices, with traders concluding that Saudi Arabia and its OPEC+ partners can’t or won’t do more to reduce output in the short term, according to a report by Reuters. The report noted that hedge funds and other money managers sold the equivalent of 58 million barrels in the six most important petroleum futures and options contracts over the seven days ending on Dec. 5.
Fortress Investment Group LLC (Fortress) has  announced the acquisition of a global multi-manager hedge fund offering from PineBridge Investments and the hiring of Jeff Runnfeldt as Chief Investment Officer of a new global multi- manager investment platform, the Fortress Multi-Manager Group.
TOP STORY: Boaz Weinstein, the founder and chief investment officer of Saba Capital Management, has won a lawsuit against asset manager BlackRock over the control of a group of closed-end funds, according to a report by Observer.Â
