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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.
Dan Loeb’s Third Point is facing a flood of customer withdrawals after racking up losses of 1.6% so far this year on the back of a 21.8% decline in 2022, underperforming both rival firms and the wider market, according to a report by The Wall Street Journal.
Poor staff behaviour towards rival firms has prompted Chinese regulators to ban one of the country’s top quant funds – Shanghai Minghong Investment Management Co – from launching new investment products, according to a report by Bloomberg.
US hedge fund Gramercy has set a new record for the $16bn litigation funding market with the provision of a $552.5m loan to UK law firm Pogust Goodhead backing separate suits against miners BHP and Vale and 14 global carmakers in mass environmental claims.
DE Shaw & Co has agreed to pay $10m to settle Securities and Exchange Commission charges that it made employees sign agreements prohibiting the disclosure of confidential corporate information to third parties, without including an exception for potential SEC whistleblowers.
Su Zhu, co-founder of collapsed crypto hedge fund Three Arrows Capital has been arrested and put behind bars in Singapore for four months for failing to cooperate with investigators probing the collapse of the fund, which at its peak manages around $10bn in assets, according to a report by the Financial Times.
