Latest News
Hedge funds setting up operations in Abu Dhabi have contributed to a 12% uplift on an annual basis in the GDP of the emirate’s private, non-oil economy to expand to a quarterly record of AED154bn ($41.9bn), according to a report by Bloomberg.
Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund Update from alternative investment asset servicer Citco.
Lacklustre performance so far this year at Balyasny Asset Managament has prompted Jeff Runnfeldt to quit his role as Global Head of Equities at the multi-strategy major, according to a report by Bloomberg.
Clear Street, a New York-based independent prime broker, has appointed Steve Bisgay as its Chief Financial Officer, effective immediately. Bigsay will report to the firm’s Co-Founder and Chief Executive Officer Chris Pinto.
Hedge funds are considering a number of Latin American countries as alternatives to investing in China on the back of ongoing geopolitical tensions and a slowing performance in the world’s second largest economy, according to a report by Reuters.
The investor group led by Saba Capital Management founder Boaz Weinstein looking to acquire Sculptor Capital Management, has again upped its offer for the hedge fund firm, prompting Rithm Capital Corp to consider improving its offer, according to a report by Bloomberg.
TS Imagine, a global, cross-asset provider of real-time trading, portfolio, and risk management solutions for financial institutions, has partnered with Cassini Systems to provide prime brokers and hedge funds with access to intelligent margin and collateral analytics available through TS Imagines’ product suite.
Bloomberg, a global provider of business and financial information, has launched Bridge AXE, an extension of the Bloomberg Bridge intermediated workflow which allows participants to anonymously post to other Bridge participants, and identify trading interests using Bloomberg’s existing liquidity discovery tools.Â
Canoe Intelligence, a financial technology company providing the alternatives industry with smarter data management, has made five senior hires to support the business’ global expansion, client growth, and ongoing operations.
Ray Dalio, the founder of global macro hedge fund major Bridgewater Associates, is watching the “risky” fiscal situation in the US and believes the country could be heading for a debt crisis, according to a report by Reuters.
