Latest News
TOP STORY: Freestone Grove Partners, a to- launch hedge fund run by Citadel alum Todd Barker, has raised $3.5bn, for what is being termed as an ‘anti-pod’ manager. Debuting in January ’24, the fund will invest across six sectors, according to a report by Bloomberg.
Hedge fund performance jumped in November as economic data showed a welcome decline in inflation, resulting in falling bond yields, and surging equity and cryptocurrency markets, as investors positioned for the end of the Federal Reserve interest rate increasing cycle.
Hedge fund Eisler Capital has announced its first ever class of partner promotions and unveiled a plan to announce a new partner class every year, according to a report by eFinancial Careers.
New York-based hedge fund firm Fir Tree Partners has upped the pressure on embattled Swedish landlord SBB by raising ‘serious concerns’ about the conduct of the company’s directors, according to a report by Bloomberg.
Sanjay Shah, the British hedge fund trader extradited from Dubai to Denmark this week to face criminal charges related to so-called “cum-ex” trading schemes, will remain behind bars ahead of his trial next month, according to a report by Bloomberg.
BMLL, an independent provider of harmonised, historical Level 3 data and analytics across global equity and futures markets, has completion of its China data offering with the addition of Shanghai alongside Shenzhen and Hong Kong.
According to Man Group CEO, Robyn Grew, not a client discussion has gone by this year without the subject of AI coming up. The hot topic was discussed at a media roundtable at Man’s London HQ this week with the firm’s top technologists discussing the power, but also limitations, of artificial intelligence in their business.Â
Key decision-makers at Europe’s largest hedge fund managers are to meet in London next year at The Hedgeweek European Leadership Summit 2024. Taking place on Thursday, 29 February, the highly anticipated event – now in its third year – will bring together senior executives from established hedge fund firms to delve into the critical issues shaping the industry. Â
TOP STORY: France is looking to attract more hedge funds and banks to Paris as part of a new plan to raise the standing of the city as a European Union finance hub, according to a report by Bloomberg. The initiative is aiming to build on an initial wave of post-Brexit relocations.
Balyasny Asset Management is lagging behind its multi-strategy peers in terms of performance after a tough November saw the firm lose 1.2%, paring year-to-date returns to just 1.5%, according to a report by Business Insider.
