Latest News
Hedge funds are selling off their consumer staple stocks in the US, a move which is driven by concerns about how weight loss drugs will impact eating habits, according to a report by Reuters that cites data from a recent Goldman Sachs trade flow report.
Bill Ackman, the founder of Pershing Square, has made profits of about $200m from his bet against thirty year US treasury bonds, according to a report by the Financial Times.
Ironshield Capital Management LLP, a London based hedge fund manager, has announced the first close of its Ironshield Credit Opportunities Fund LP, with a €300m capacity.
Stephanie D Miller, the President and CEO of Hazeltree, a provider of treasury and liquidity management solutions for the asset management industry, has joined the Board of Directors at SEI. Miller will serve as a member of the Audit and Legal and Regulatory Oversight Committees, in addition to carrying out her Board responsibilities.
European hedge funds are increasing their allocations to defensive stocks, while selling cyclicals in October, according to a report by Reuters that cites data from a recent Goldman Sachs trade flow report.
Brevan Howard, a European hedge fund management company based in Jersey with its funds domiciled in the Cayman Islands, made three hundred new hires between February and the end of October, according to a report by eFinancial careers.
Odey Asset Management, is closing down its subsidiary Brook Asset Management, in light of a company wide change, after sexual harassment allegations were made against founder Crispin Odey, according to a report by Financial News.
BlackRock, the world’s largest asset manager $9.42tn in AUM, is planning to liquidate its first hedge fund, the Obsidian fund after twenty seven years of operation, according to a report by CityWire.
Siepe, a provider of technology-enabled services and compliance and reporting for the credit and hedge fund industries, has closed three broadly syndicated collateralized loan obligation transactions in Q3, representing a total of $1.2bn new issue CLO paper printed, and a fourth as Collateral Administrator on a leverage facility for a private credit fund, representing an additional $500m in private credit assets.
Hidden Road, a global credit network for institutions, today has launched Route 28, its new synthetic prime brokerage offering covering OTC Swaps across all major asset classes, including FX, Equities, Commodities, Digital Assets, Energy and Rates.
