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A disgruntled former employee is to blame for a “series of misinformation attacks” against Tiger Global Management over the past several months, according to a report by Bloomberg citing a letter sent to investors by the New York-based investment firm.
Templeton Global Income Fund has selected Saba Capital Management (Saba), a global alternative asset management firm specialising in credit relative value strategies and capital structure arbitrage, as its new investment adviser.
South Korea’s DGB Financial Group has appointed Choi Youngwook, a former long-short hedge fund manager at Daewoo Securities’ now defunct Hong Kong subsidiary, as boss of its new asset management firm in Singapore, according to a report by Korea Economic Daily (KED).
AIMA has broadly welcomed the revised Private Funds Adviser rules and amendments adopted by the US Securities and Exchange Commission (SEC) this week, but has expressed ongoing concerns about some of the changes in the final text.
Violent swings in asset prices coupled with rapid shifts in investor interest rate expectations have impacted commodity trading advisers (CTAs) so far in 2023, making a repeat of last year’s bumper returns from bets on prevailing global market trends, increasingly unlikely, according to a report by The Financial Times.
Managed futures bagged another $2.08bn of net inflows in July to cement their position as the most popular hedge fund strategy so far this year, according to the Latest Nasdaq eVestment Hedge Fund Industry Asset Flows Report.
Odey Asset Management has moved out of its long-time Mayfair headquarters and is now operating out of serviced office accommodation as the firm continues to dismantle itself in the wake of allegations of sexual assault and harassment levelled at founder Crispin Odey, according to a report by The Financial Times.
US-based activist hedge fund firm Elliot Management’s 124 UK staff shared a £160 million pay pot last year after the company’s UK operation Elliot Advisors UK saw profits increase by 10%, according to a report by The Guardian.
The European Energy Exchange (EEX) has been appointed by the French Ministry of Energy Transition to develop and operate registry and auctioning services for biogas Guarantees of Origin (GOs), as well as registry services for biogas production certificates.
Hedge funds and private equity firms are facing increased disclosure of their fees, and new restrictions on giving certain investors special treatment, after the US Securities & Exchange Commission (SEC) adopted a raft of new rules and amendments governing the $18tn private funds sector.Â
