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Swedish financial services provider Vesterhavet Fondkommission AB, which is in the process of changing its name to Meriti Capital, has appointed Ola Björkmo as CEO and Chief Investment Officer and Jonas Sandefeldt as Head of Systematic Fund Management, effective 4 September.
One of China’s top macro hedge fund bosses has blamed foreign investors for the recent rout in the country’s stock markets which has seen Chinese domestic stocks sink to their lowest levels since November, according to a report by Bloomberg.
The talent war between Citadel and Balyasny Asset Management has flared up again with Ken Griffin’s Miami-based firm alleging that several Citadel employees misappropriated confidential information before leaving to join Balyasny, according to a report by Bloomberg.
The fall in the value of China’s yuan could be the trigger for the next big financial crisis, according to a report by Reuters citing EDL Capital, the Swiss-based macro hedge fund firm run by Edouard de Langlade.
Financial and economic data provider Exchange Data International (EDI), is partnering with SimCorp, a SaaS (Software as a Service) investment management solutions provider, to provide their clients with access to corporate actions data.
The approach adopted by the US Securities and Exchange Commission (SEC) in its proposal requiring public disclosure of large security-based swap (SBS) positions (Rule 10B-1) is “critically flawed”, according to the Managed Funds Association (MFA).
Digital asset investment products saw outflows totalling $55m last week, as investors reacted to media reports that an SEC decision on allowing US spot-based ETFs is not imminent, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Freddie Neave has continued to cut risk at Odey Asset Management’s flagship European Inc fund having removed the leveraged bond bets placed by former boss and Odey AM founder Crispin Odey, ahead of moving the fund to a new home, according to a report by Bloomberg.
Hedge fund Sculptor Capital Management, which in July agreed to be acquired Rithm Capital Corp in a deal valued at about $639m, has rejected an unsolicited rival bid from a group of hedge fund investors including Boaz Weinstein and Bill Ackman.
In a statement issued on Sunday in response to “a media inquiry”, Sculptor wrote: “We have received an unsolicited proposal from a third party that had participated in the strategic alternatives process. This bidder has not demonstrated adequate committed funding for any of its bids.”
The unsolicited bid, believed to be from the group led by Weinstein, is worth
The latest data from Goldman Sachs Group’s prime brokerage unit shows that hedge funds upped their short bets in eight out of the 10 previous sessions up to last Monday having rushed to unwind bullish stock bets as the recent stock market rally slowed, according to a report by Bloomberg.
