Latest News
Point72 Asset Management, the hedge fund firm found by Steve Cohen with over $27bn in assets under management, is continuing to expand both its cryptocurrency and quant teams based in Paris, according to a report by eFinancial Careers.
Sales of food, beverage and tobacco stocks by global hedge funds hit the fastest pace seen in 11 weeks last week, as the yields for US Treasuries surged, according to a report by Reuters, citing data from Goldman Sachs’ prime brokerage division.
Acadian Asset Management, a Boston-based global, quantitative investment manager with around $100bn in discretionary assets under management, is now live on BNY Mellon’s Middle Office services platform.
Hong Kong-based activist hedge fund Oasis Management is line for a potential £40m profit from its holding in The Restaurant Group after private equity major Apollo Global Management made a £506m offer to take the ownership of Wagamama’s private, according to a report by The Financial Times.
The US Securities and Exchange Commission has finalised new rules that mean hedge funds will now have to report significantly more information about their short-selling activities, according to a report by Bloomberg.
The Derivatives Service Bureau (DSB), a source of global reference data for over the counter (OTC) derivatives, has launched the Unique Product Identifier (UPI) Service, enabling firms to create and search for UPIs.
Priya Kodeeswaran, a former long-short manager at Man Group and Portfolio Manager at Millennium Management, is to serve as both Founder and Chief Investment Officer of his newly-launched hedge fund, Katamaran Capital, according to a report by Bloomberg.
Morgan Stanley Traders Chris Rivelli and Ben Levine, have opted to leave the bank – and their bonuses – behind and join major hedge fund firms, Millennium Management and Citadel respectively, according to a report by eFinancial careers.
BlueCrest, the hedge fund-turned-family office, founded by Mike Platt, has appointed Mahdi Besri, currently Head of MENA Rates and FX trading at HSBC in Dubai, as a Portfolio Manager, according to a report by eFinancial Careers.
Dan Niles, the Co-founder and Portfolio Manager of US-based long-short equity hedge fund the Satori Fund, is maintaining his short position on Tesla despite holding a bullish outlook on the broader market, according to a report by CNBC.
