Latest News
A global macro trading team lead by Adrian Owens is joining global alternative investment manager Investcorp-Tages from GAM, with the team continuing to manage its existing GAM Star Global Rates UCITS fund, which will remain on the GAM UCITS platform .
The National Bank of Canada and JonesTrading Canada Inc have both been named in a list of creditors of Traynor Ridge Capital Inc by court appointed receiver Ernst & Young, according to a report by Bloomberg, with the value of their claims against the troubled hedge fund yet to be determined.
Rithm Capital Corp has finally come out on top in the battle to acquire Sculptor Capital Management and its $32,8bn in assets under management, having on Friday completed a $12.70 Â per share takeover in a deal valued at approximately $719.8m.
Global alternative investment manager, Cheyne Capital, is looking to raise £7.5bn for the next iterations of its Cheyne Real Estate Credit Holdings (CRECH) programme to help fulfil UK and European borrower demand.
Bruno Magalhaes, a former portfolio manager at Autonomy Capital Research, is to join Brazilian hedge-fund major SPX Capital, after shutting down the hedge fund he helped launch in Brazil just two years ago, according to a report by Bloomberg.
Prosperity Capital Management, a hedge fund focused on investments in Russian equities, has blamed Brexit and the UK’s “uncooperative” business environment for its decision to shift its operations from London to Abu Dhabi, according to a report by IntelliNews.
RQD* Clearing, a correspondent clearing services provider, has added Tom Miglis, former Chief Information Officer of Citadel and current Investment Partner at Nyca Partners, to its Board of Directors.
Manulife Investment Management, the global wealth and asset management operation of Canada’s Manulife Financial Corporation, is to boost its footprint in the private credit space with the acquisition of London-based, multi-sector alternative credit manager CQS.
TOP STORY: A significant US stock rally prompted by softer than expected inflation news, saw global hedge funds that use algorithms to trade, suffer their second worst single day of trading so far this year, according to a report by Reuters.
US hedge fund Schonfeld Strategic Advisors has told 150 of its 1,000 employees that they are losing their jobs as the firm looks to cut costs in the wake of its failed tie-up talks with Millennium Management, according to a report by the Financial Times.
