Latest News
Confidence among hedge funds managers globally is on the increase with the Alternative Investment Management Association’s Hedge Fund Confidence Index rising by seven points to 21.6 in the third quarter of year from 14.6 in Q2.
Octagon Credit Investors, a credit-focused investment manager overseeing $35bn in total assets, has appointed Gretchen Lam, Senior Portfolio Manager, as the successor to Chief Executive Officer Andrew Gordon, effective January 1, 2024.
Activist hedge fund Elliott Investment Management wants a Berlin court to order a special audit into a large loan provided by German landlord Deutsche Wohnen SE to its controlling shareholder Vonovia SE last year, according to a report by Bloomberg.
Bloomberg has launched IBVAL Front Office, a new solution that can price around $30,000 credit securities as fast as every 15 seconds and can capture a new bond issue moments after the security is available for secondary trading.
Activist hedge fund Starboard Value has begun agitating for change at News Corp, including a $7bn (£5.7bn) sell-off of the company’s online property business, having built a stake in Rupert Murdoch’s media empire, according to a report by The Guardian.
A group former Sculptor Capital Management executives led by founder Dan Och has sued the hedge fund and its proposed acquirer Rithm Capital Corp, saying that the $676m is aimed at protecting current CEO Jimmy Levin rather than maximising shareholder value, according to a report by Bloomberg.
ExodusPoint Capital Management, the New York-based hedge fund firm found by Millennium Management alumni Michael Gelband and Hyung Lee, has appointed She Xu, a form portfolio manager at rival Balyasny Asset Management as its new Head of AI, according to a report by eFinancial careers.
ASK Asset and Wealth Management, an India-based wealth and asset management firm, has added hedge funds to its Alternative Investment offering through the launch of a new business vertical, ASK Hedge Solutions.
Trumid, a financial technology company and fixed income electronic trading platform, has named Jason Quinn, a former portfolio manager at Millennium Management and a founding member of the firm’s leadership team as Global Head of Sales.
The percentage of side letters executed with ‘mature’ hedge fund managers has risen to the highest level seen in eight years, according to the latest edition of an annual study by financial services law firm Seward & Kissel.
