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Man Group has hired Eric Woitscheck, a capital markets specialist from DWS as the London-based investment manager prepares to expand its ETF business into Europe, according to a report by etfstream.
India’s revamped stock-market closing auction is facing an unexpected challenge: some of the high-frequency and proprietary trading firms that provide significant liquidity are largely opting not to participate, according to a report by Bloomberg.
Technology-focused hedge funds suffered their steepest monthly decline since the global financial crisis in July as a sharp reversal in AI-related equities hit managers concentrated in the sector, according to a the latest data from HFR.
Hedge fund Toms Capital Investment Management is escalating its activist campaign at Voya Financial, seeking to take its call for a strategic review directly to shareholders and pushing for the asset manager to consider a potential sale, according to a report by the Wall Street Journal.
Activist hedge fund Saba Capital, led by Boaz Weinstein (pictured), has disclosed a 5.1% economic interest in Unite Group, making it one of the largest shareholders in the UK student accommodation provider as the company accelerates property disposals and returns capital to investors, according to a report by QuotedData.
Oil prices moved higher on Friday as uncertainty over plans to reopen the Strait of Hormuz continued to unsettle energy markets, with proposed restrictions on shipping through the strategic waterway raising doubts over how quickly normal crude flows can resume, according to a report by Reuters.
Digital banking software provider Alkami Technology has begun a formal sale process after attracting interest from potential buyers, putting the company firmly in play as activist investor Jana Partners continues to push for a transaction, according to a report by Reuters.
Jain Global has hired Jon Stead, Morgan Stanley’s head of high-yield trading in London, in a move that could see the multi-strategy hedge fund expand its European credit trading operation, according to a report by eFinancial Careers.
US hedge fund manager DLD Asset Management is establishing a presence in Hong Kong as it seeks to expand its relative-value trading activities across Asia, hiring Maso Capital Partners co-founder Sohit Khurana as its first senior recruit in the city, according to a report by Bloomberg.
Chinese quantitative hedge fund managers are increasing investments in their own products, with 25 private fund firms committing more than RMB1.4bn ($195m) since the beginning of July, as managers seek to demonstrate confidence in their strategies and reassure investors during a period of heightened market volatility.
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