Latest News
Elmar Zumbuehl, GAM’s chief risk officer, has been proposed as the company’s new CEO candidate after Randel Freeman, the hedge fund veteran who had been lined up for the role, backed out due to “unforeseen family circumstances”, according to a report by Financial News.
A consortium of investors led by Marshall Wace co-founder Paul Marshall looking to prepare a bid to acquire the Telegraph Group – publisher of the UK’s Daily and Sunday Telegraph newspapers – has won the support of Citadel founder Ken Griffin, according to a report by the Financial Times.
Veteran trading executive Brian Williamson has joined UBS Group’s US execution hub, which provides a suite of services to help hedge funds and asset managers reduce the costs of running an in-house trading desk, according to a report by Bloomberg.
Caravel Capital Investments Incorporated, an event-driven market-neutral hedge fund based in Nassau, The Bahamas, has published an open letter urging Alpha Lithium Corporation shareholders to accept Tecpetrol’s ‘best and final’ CAD1.48 per share offer for the business.
Multi-strat major Millennium is looking to steal a march on its rivals in the ongoing hedge fund recruitment war, by ramping up its internship programme to allow it to grow and develop more talent in-house, according to a report by eFinancial Careers.
European hedge funds and proprietary trading firms are set to expand trading across the Asia-Pacific region as opportunities and volumes grow, according to the findings of a new new study by Acuiti and Trading Technologies.
Exegy, a provider of end-to-end, front-office trading solutions for the capital markets, has signed an introducer partnership agreement with BMLL Technologies, an independent provider of harmonised, Level 3 historical data and analytics to hedge funds, asset managers, banks and brokers.
Clear Street, a New York-based independent prime broker, has expanded its technology leadership team with the appointment of Jonathan “Jon” Daplyn as Chief Information Officer and Hari Godbole as Managing Director and Vice President of Engineering, effective immediately.
With appetite for equities subsiding last week after a 20% rally this year on the back of investor excitement over artificial intelligence, hedge funds are ramping up their bets against stocks, according to a report by Bloomberg.
Digital asset investment products saw outflows for the sixth consecutive week last week with investors pulling $9m in total, according to a the latest Digital Asset Fund Flows Weekly Report from CoinShares.
