Latest News
Dr Robert Adelman, an ex-client of Proskauer Rose, has settled a $636m malpractice lawsuit against US law firm over his ousting from a hedge fund he co-founded, after a judge ruled the case could go to trial, according to a report by Reuters.
Cboe Global Markets is aiming to position an exotic options trade used by hedge funds to profit from stock dislocations, as a more mainstream option for investors with the launch of the Cboe S&P 500 Dispersion Index, according to a report by Bloomberg.
Bitcoin and ether will sustain their strong performance for the rest of this year, according to Nickel Digital Asset Management, a London-based regulated digital assets hedge fund manager. Nickel research has found that institutional investors and wealth managers are confident about digital asset performance.
Former Deutsche Bank colleagues Michael Sutton and Alex Mahler are teaming up again at Mahler’s Alinor Capital Management to launch a new distressed debt hedge fund, which is expected to be one of the largest European hedge fund launches of the year, according to a report by Bloomberg.
Oil trader Pierre Andurand has seen year-to-date losses at his main Andurand Commodities Discretionary Enhanced fund shrink to 15% from more than 50% earlier in the year on the back of a resurgence in crude prices, according to a report by Bloomberg.
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.
