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Sculptor Capital Management’s proposed sale to Rithm Capital for $639m has been criticised by Daniel Och, the hedge fund’s founder and one of its largest shareholders, because it “undervalues” the business, according to a report by The Financial Times.
When the stock market rally that saw the benchmark S&P 500 soar this year began to lose steam in late July, Bridgewater Associates’ flagship Pure Alpha fund was already “moderately” bearish on US stocks, according to a report by Reuters.
Alex Ginsburg, a 21-year veteran of Two Sigma, the New York-based, tech-driven hedge fund firm founded by John Overdeck and David Siegel, has taken medical leave from his role as Chief Investment Officer for equities research, according to a report by Business Insider.
Unlimited, an exchange traded fund firm launched by former Bridgewater Associates executive Bob Elliott, is to expand its offering with the launch of a suite of ETFs providing investors with access to a range of hedge fund-like strategies.
Hazeltree, a New York-headquartered provider of treasury and liquidity management solutions for the alternative asset management industry, has appointed Vlad Berson as the company’s new Chief Marketing Officer.Â
TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions for financial institutions, has added CLSA’s AI-powered European algo suite to its list of certified brokers on TradeSmart.
TOP STORY: Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis and subsequent appearance in ‘The Big Short’ book and film, is betting on a downturn in the US stock market, according to a report by Market Insider.
Pentwater Capital Management, Jericho Capital Asset Management, Balyasny Asset Management, and Citadel Advisors, all upped their holdings in Activision Blizzard during Q2 ahead of a key court ruling on the video-game maker’s proposed $69bn merger with Microsoft, according to a report by Bloomberg.
Private equity firms, including buyout major KKR & Co, are beginning to add hedge funds to their ‘white lists’ of approved lenders used to arrange funding for leveraged buyout deals, according to a report by Bloomberg.
Multi-strategy hedge fund major Balyasny Asset Management has continued its global recruitment drive with the addition of four portfolio managers in four different cities, Miami, London, New York, and Dubai, according to a report by eFinancial Careers.
