Latest News
Elliot Management Corporation, one of the world’s largest activist funds with over $71bn in AUM, has disclosed that it now holds 9% of supply chain software platform E2open’s tradable stocks.
Yorkville Advisors, a New Jersey based hedge fund, has signed a standby equity subscription to buy over $1bn VinFast Auto company shares, according to a report by Forbes.
Alleged accomplices of Sanjay Shah, the founder of Solo Capital Partners, LLP, accused in a NOK9bn ($1.3bn) Danish tax fraud probe have agreed to pay between €30,000 and €100,000 to end the cases against them, according to a report by Bloomberg.
Saba Capital Management, the firm run by American hedge fund tycoon Boaz Weinstein has declared stakes in ten UK investment trusts, according to a report by The Times.
Dimitry Balyasny, founder of global multi-strategy hedge fund firm Balyasny Asset Manager, believes that with costs for traders soaring, managers need to both both buy and build talent as they look to expand their businesses, according to a report by Bloomberg.
Doug Haynes, a former President at Steve Cohen’s Point72 Asset Management until he resigned in 2018 having been named a defendant in a sexual discrimination lawsuit which was settled in 2020, is looking to raise $1bn for his new fund Norias, according to a report by Business Insider.
Florida-based hedge fund manager Michael Wayne Williams has pleaded guilty in the Southern District of Ohio to using his company as part of a Ponzi scheme that defrauded investors of millions of dollars over a number of years.
According to court documents, Williams, 48, was the chief executive officer and investment manager of Highguard Capital and its affiliated entities, Guardian Opportunity Fund and Guardian Opportunity Management. Williams convinced victims to invest over $3 million in Guardian Opportunity Management and used their money for undisclosed and unauthorised purposes, including to settle civil lawsuits accusing him of fraud and to repay investors
Mark Edwards, the Chief Executive Officer of Rokos Capital Management, is to step down from the role in the first quarter of 2023, with a small group of executives then set to share senior management responsibilities at the firm, according to a report by Bloomberg.
US regulators including the SEC and the Financial Stability Oversight Council are considering a range of measures aimed at curbing highly leveraged trading by hedge fund firms, due to concerns over the risks posed by the practice to the wider financial system, according to a report by Bloomberg.
Options Technology, a provider of cloud-enabled managed services to the global capital markets, has successfully deployed a NYSE Chicago Integrated Feed to ActivFeed aimed at delivering enhanced performance for traders.
