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Rithm Capital, the real estate investment firm looking to seal a deal to acquire Scupltor Capital Management, is sticking with its original offer for the business despite a an improved bid from a rival group led by Saba Capital boss Boaz Weinstein, according to a report by Reuters.
Global hedge funds upped their bullish positions in banks, insurance companies, and other capital markets stocks towards the end of September as they looked to cash in on gains driven by the prospect of prolonged higher interest rates, according to a report by Reuters.
Odey Asset Management’s flagship European Inc hedge fund is to be relaunched at Bainbridge Partners with manager Freddie Neave joining the firm too, after talks over a transfer to Landseer Asset Management collapsed, according to a report by Bloomberg.
The US Federal Reserve’s adoption of a ‘higher for longer’ approach to interest rates in the ongoing battle against inflation, saw markets turn more volatile and fragile in September as investors repositioned accordingly.
Trading volume on EEX Group’s global power markets increased 86% Year-on-Year to 756.6 TWh in September, with European power derivatives reaching 469.5 TWh, an increase of 111% compared with the same period in 2022.
Digital assets trading tech specialist Wyden has partnered with Hyphe to provide financial institutions, including banks, brokers and asset managers, with deeper crypto liquidity and extended digital assets coverage.
Joeri Jacobs is leading a group of Moore Capital traders who are spinning out from Louis Bacon’s global macro hedge fund firm to launch their own fund, JJJ Capital, with the backing of their former employer, according to a report by Bloomberg.
Citadel’s multi-strategy flagship Wellington fund scored a 1.7% gain in September as tight monetary policy and rising fears of a US recession rattled the broader market, taking YTD returns to 12.6%, according to a report by CNBC.
Hazeltree, a provider of treasury and liquidity management solutions for the asset management industry, including hedge funds, asset managers, and fund administrators, has appointed industry veteran Stephanie D Miller as the company’s President, Chief Executive Officer, and Board Director.Â
KCL Capital, the stock focused hedge fund firm founded by Point72 alumni Chris LaSusa and Kevin Cottrell has closed after nearly six years, with Cottrell moving to multi-strategy investment firm Balyasny Asset Management, according to a report by Bloomberg.
