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Less than 0.3% of the applicants for the internship programme at Citadel and its market-making affiliate Citadel Securities in Sydney, Australia have been successful in securing a place, according to a report by Bloomberg.
Marex has completed the acquisition of TD Cowen’s prime brokerage and outsourced trading business, which will now be integrated into the London-headquartered commodities broker’s capital market division, according to a report by Finance Feeds.
Trian Fund Management, the activist hedge fund firm founded by Nelson Peltz, is preparing to up the stakes in its campaign to agitate for change at The Walt Disney Company, by taking its case directly to shareholders.
Two of SilverBow Resources Inc’s largest investors, including hedge fund Ripose, are pushing the US oil and gas producer to revamp its board to address governance concerns and improve ‘dismal’ performance, according to a report by Reuters.Â
Andrew Lubin, former CEO of the London unit of Steven Cohen’s SAC Capital Advisors, and Tim Pearey, former CEO of Odey Asset Management, have started a “first-loss” hedge fund in Europe, according to a report by Bloomberg.
TOP STORY: The Internal Revenue Service has one upped the hedge-fund and asset-management industries in a case that could bring higher taxes for many fund managers, according to a report by the Wall Street Journal. The ruling in question could require managers to pay self-employment taxes of more than 3% on much of their income
3iQ Digital Assets has announced a significant advancement in the digital asset management space. The company has launched the industry’s first comprehensive suite of crypto hedge fund managed accounts through the 3iQ Managed Account Platform (QMAP). The platform will launch with $50m of capital from 3iQ and institutional investors.
Walt Disney Co. appointed Morgan Stanley Chief James Gorman and veteran media executive Jeremy Darroch to its board of directors ahead of an expected proxy fight with Trian Fund Management, according to a report by Bloomberg. This comes as billionaire Nelson Peltz and his Trian Fund Management are planning their own nominees to the board next year.
Hedge funds that pivoted from China to Japan in 2023 have struggled to make money, according to a report by Reuters. The report notes that even though Japan is the third largest economy, fund managers have struggled to make sense of the market.Â
Irradiant Partners, an alternative investment manager with over $10bn in assets under management, announced the closing of $411m in commitments on the third vintage of the Irradiant CLO equity strategy.
