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A sharp rally in US and European shares over recent days has landed hedge funds betting on a decline in stock markets on either side of the pond with an estimated $43bn of losses, according to a report by the Financial Times.
Scott Shleifer, the head of the $30bn-plus private equity business at Chase Coleman’s $58bn hedge fund firm Tiger Global, is to step down from his role at the end of this year, according to a report by The Financial Times.
SS&C Technologies Holdings’ SS&C GlobeOp Forward Redemption Indicator, a measure of the forward redemption notices received from investors in hedge funds administered on the SS&C GlobeOp platform, measured 3.49% in November, up from from 2.29% in October.
AlphaGrep Investment Management, the funds and portfolio management business of quantitative trading and investment management firm AlphaGrepm has raised over $100m for its flagship AlphaMarine Absolute Return Fund, according to a report by Business Today.
Several Middle East hedge fund firms including Waha Capital and Aventicum have recorded strong performance so far in 2023, according to a report by Business Insider citing data from HSBC’s latest Hedge Weekly Report.
BNP Paribas’ Securities Services business has signed an exclusive agreement to acquire HSBC’s hedge fund administration business in several markets, including Hong Kong, Singapore, Ireland, and Luxembourg.
Hedge funds have weighed in on bets on the “Magnificent Seven” tech stocks that have boosted portfolio returns this year, sending “crowding” to the highest level on record, according to a report by Reuters
Jain Global, which is due to launch in July 2024 with an expected $8bn to $10bn in AUM, is continuing to build-out its team with Senior Investment Officer Robert Zellner, who joins from Corbin Capital Partners in New York, the latest recruit, according to a report by eFinancial Careers.
Global corporate, private client, and fund services provider Hawksford has entered into an agreement to acquire Paradigm Governance Partners, a Cayman Islands and US-based specialist governance and fund services company.
Activist hedge fund firm Elliott Investment Management has succeeded in its demands for change at NRG Energy, with Mauricio Gutierrez leaving the company after being named as CEO eight years ago, and spending a total of 19 years with the company, according to a report by MarketWatch.
