Latest News
Troubled Canadian hedge fund Traynor Ridge Capital and the funds it manages have been placed in receivership by an Ontario court following the sudden death of its sole director, and the subsequent loss of millions of dollars in failed trades incurred by brokers, according to a report by Reuters.
South Korea’s regulators have again slapped a full ban on hedge funds and other short sellers from selling borrowed stocks, just months before the country goes to the polls in a general election, according to a report by Bloomberg.
BNY Mellon is seeking seed capital from investors for its $111bn London-based investment boutique Newton Investment Management which is looking to gain a foothold in the multi-manager hedge fund sector dominated by the likes of US giants Citadel and Millennium, according to a report by The Financial Times.
Stockholders of hedge fund Sculptor Capital Management Inc have been advised by proxy advisory firm Institutional Shareholder Services (ISS) to approve the acquisition of the business by real estate investment firm Rithm Capital Corp, according to a report by Bloomberg.
Hedge funds and private equity firms have fired the first salvo in their legal battle with the US Securities and Exchange Commission over what they see as a power grab by the commission over the adoption of new rules they say the regulator lacks the authority to impose.
Infini, the Hong Kong-based multi-manager hedge fund firm founded by former Morgan Stanley banker Tony Chin, has upped its roster of portfolio managers to 10, and is planning to add additional staff, according to a report by Reuters.
Eisler Capital the London-based multi-strategy hedge fund firm founded by Edward Eisler, posted its best monthly return of the year in September with a 1.29% gain taking the fund’s YTD performance to 5.4%, according to a report by Reuters.
Hedge funds lost money in September, according to SS&C Technologies, with the gross return of the S&C GlobeOp Hedge Fund Performance Index measuring -0.24% for the month. Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index declined 0.98% in October.
The Securities and Exchange Commission has charged John Hughes, President and Chief Compliance Officer of registered investment adviser Prophecy Asset Management, for his involvement in a multi-year fraud that concealed losses of hundreds of millions of dollars from investors.
Sam Bankman-Fried, the founder and CEO of failed cryptocurrency exchange FTX and associated hedge fund firm Alameda Research, is facing a lengthy spell behind bars after jurors took just a few hours to return a guilty verdict on all seven criminal fraud charges against him.
