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Goldenwise Capital Group, a China-based hedge fund firm founded by Huakun Ding, has set its sights on New York-listed Human Resources firm GEE Group Inc, as the first target in a new activist push, according to a report by Bloomberg.
Brevan Howard Asset Management is targeting “disproportionate returns” from digital assets, having predicted a boom in the space similar to that seen with the internet over the past 20 years, according to a report from Bloomberg.
New York hedge fund Tenor Capital Management is in line for a big payout from a bet on a gold mining company expropriated by the Venezuelan government before ever breaking ground and is now set for a $1.4bn settlement, according to a report by Bloomberg.
Palm Lane Capital, a London-based alternative credit quant fund run by Chief Investment Officer Fahad Roumani, has added Joseph Eeley, a portfolio manager at Eisler Capital, to its growing team, according to a report by eFinancial careers.
Walleye Capital, a US multi-strategy hedge fund firm with $5bn in assets under management, has made several new hires as it looks to boost its energy trading capabilities and support plans for a new office Dubai, according to a report by Bloomberg.
Castle Ridge Asset Management, an artificial intelligence-driven hedge fund firm founded in 2015 in Canada, has unveiled WALLACE, a new ‘one-of-a-kind’ AI supercomputer, at its headquarters in Toronto.
BSO, a global infrastructure and connectivity provider, has launched four new corporate entities in Mexico, South Africa, Brazil, and Turkey, to serve as gateways to the fast-growing economies in LATAM, Central America, Southern Africa, and Eurasia.
Ken Griffin, the founder of hedge fund giant Citadel, has identified six areas for his future philanthropic work – Education, Science & Medicine, Upward Mobility, Freedom & Democracy, Enterprise & Innovation and Communities, according to a report by Reuters.
Griffin, who founded Citadel while a studying at Harvard University and has since donated over $2bn to charity, has launched Griffin Catalyst to handle his future giving.
The report cites Griffin as saying that: “Through Griffin Catalyst, I look forward to continuing this work, tearing down barriers and advancing solutions in the pursuit of improving people’s lives.”
Citadel, which invests $61bn
TOP STORY: Global alternative investment manager Investcorp-Tages is partnering with the Engadine long-short equity team, led by Engadine Partners founder Marcello Sallusti and CEO Lorenzo Colucci as investment manager of the Engadine Equity Fund effective 8 September.
Hedge funds have upped their short positions in US consumer discretionary stocks while taking long positions in consumer staples suggesting they see tough times ahead for US consumers, according to data from Goldman Sachs
