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The philanthropic foundation set up by Chris Hohn, founder of hedge fund firm The Children’s Investment Fund Management (TCI), donated almost $500m to charitable activities last year despite recording an investment loss for the first time in ten years, according to a report by The Times.
Brazil’s Legacy Capital, one of the country’s largest independent hedge fund managers, has bolstered its foreign-exchange desk with appointments from local rival asset management firms, according to a report by Bloomberg.
Tradeweb Markets, a global operator of electronic marketplaces for rates, credit, equities and money markets, has completed its acquisition of Yieldbroker, an Australian trading platform for Australian and New Zealand government bonds and interest rate derivatives covering the institutional and wholesale client sectors.Â
LiquidityBook, a provider of cloud-native buy- and sell-side trading solutions, has appointed Can Envarli as VP of Engineering, reporting directly to the firm’s Chief Technology Officer Shawn Samuel.
Options Technology, a provider of financial technology and global market data solutions, has formed a new strategic partnership with Raptor Trading Systems, a Canada-based provider of multi-asset trading solutions for hedge funds and other financial institutions.
Flows of new investor cash into funds managed by several Tiger Cubs – one-time protégés of Tiger Management founder Julian Robertson – have slowed dramatically after they posted some of their worst returns on record, according to a report by Bloomberg.
FIFTHDELTA, a long-short hedge fund founder by former Citadel traders Niall O’Keeffe and Tio Charbaghi, which was one of Europe’s biggest hedge fund launches in 2021, has seen YTD losses hit 25% after a 13% fall in July, according to a report by Bloomberg.
NewGAMe, the activist investment group closing in on a takeover of Swiss asset manager GAM, has named hedge fund veteran Randel Freeman as its preferred candidate for the role of chief executive, according to a report by Financial News.
Clough Capital Partners, a hedge fund firm with $1.3bn in client assets under management, has entered the active ETF space by assuming management of the Changebridge Select Equity ETF (BSE) and the Changebridge Long/Short Equity ETF (CBLS).
Societe Generale Security Services (SGSS) has appointed Richard Davis, the former Director of Institutional and Hedge Fund sales for EMEA at SS&C, as sales director, in a move to aimed at strengthening the firm’s UK client coverage.
