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While the traditional ‘2 and 20’ hedge fund fee structure has come under pressure in recent years, with managers varying their terms to attract and retain investors, Pershing Square Capital Management is benefitting from a ‘2 and 10’ approach to work, according to founder Bill Ackman.
Managed Funds Association has urged the Federal Trade Commission to withdraw its proposed amendments to the Hart-Scott-Rodino (HSR) premerger notification rules in a comment letter submitted this week.
A new multi-strategy hedge fund firm led by Millennium Management alumnus and the former head of Morgan Stanley’s prime brokerage operation in Asia, Kurt Baker, is looking to raise neatly $3bn as it seeks to establish itself as a regional rival to the likes of Citadel, according to a report by Bloomberg.
The activities of some hedge funds and brokerages engaged in quantitative trading have attracted the attention of Chinese financial markets regulator The China Securities Regulatory Commission, according to a report by Reuters.
European asset management major Amundi, has partnered with $1.5bn special situations hedge find firm, Sand Grove Capital Management to launch a new event-driven UCITS fund, the Amundi Sand Grove Event Driven Fund.
Anacapa Advisors, a Californian-based market directional hedge fund firm, has expanded its leadership team with two new senior hires – Sam Rosenberg as Head of Business Development, and Mark Wayner as Senior Fund Manager.
Hot on the heels of DE Shaw’s addition of a former fintech product manager in Singapore to its trading team, comes news that new quant fund Qube Research & Technologies has also hired a former fintech employee, according to a report by eFinancial Careers.
Crypto hedge fund Grayscale is looking to launch a new exchange-traded fund tracking ether futures, according to a report by Finance Feeds citing a US Securities and Exchange Commission (SEC) filing made on 19 September.
Despite a rally in oil prices triggered by the prospect of a widening supply deficit, hedge funds sold energy stocks last week for the first time in three weeks, according to a report by Reuters citing information from Goldman Sachs.
San Francisco-based multi-strategy hedge fund Farallon Capital Management has led a funding round in HR cross-platform software specialist HiBob at a valuation of $2.66bn, up from the company’s 2022 valuation of $2.45bn, according to a report by Bloomberg.
