Latest News
Eren Ozgur, the Head of Global Rates Strategies at Deutsche Bank has quit to take up a portfolio management role at Alphadyne Asset Management, a New York-based hedge fund founded by ex-Goldman Sachs partner Philippe Khuong-Huu and run by CEO and 28-year JPMorgan veteran, Joseph Regan.
Centerprise Services, a provider of advanced trading and order management systems for hedge funds and asset managers, has integrated and certified its TOMI order management solution with Broadridge Financial Solutions’ NYFIX order routing network.
Allen & Overy (A&O) has appointed Elaine Hughes, an adviser to hedge funds, private equity funds, venture funds, credit funds, and funds of funds, as a partner in the firm’s funds and asset management practice based in the New York office.
Former Millennium Management executive Bobby Jain is continuing preparations for what is expected to be one of the biggest hedge fund debuts in history by making a number of key appointments and securing office space around the world, according to a report by Bloomberg.
The US Federal Reserve’s apparent ‘higher-for-longer’ thinking on interest rates, coupled with rising Treasury yields, means that the current rally in the US dollar has further to go, making the greenback “too risky to short”, according to a report by Bloomberg.
The Financial Stability Board (FSB) has warned that some hedge funds now have “very high levels of synthetic leverage”, debt created by the use of derivatives or other financial instruments that frequently does not show up on balance sheets, according to a report by Reuters.
Man Group has completed its previously announced acquisition of Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management and $15.4bn of total client commitments, having received all necessary regulatory approvals.
Gatemore Capital Management (Gatemore), a London-based activist firm focused on public and private markets in the UK and US, has bolstered its team with the appointment of Lawrence Small as its new Partner and General Counsel.
Appital, a peer-to-peer price discovery and liquidity sourcing technology for asset managers, has launched Appital Insights, a new tool aimed at unlocking liquidity unavailable via traditional electronic trading venues.
The dramatic increase in global interest rates over the past 18 months has prompted hedge fund investors to warn managers that they face an increased risk of redemptions and pressure to cut fees unless they can improve their performance, according to a report by The Financial Times.
