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Anders Helgesen has joined the exodus of salespeople and traders from Credit Suisse moving from the bank to take up the position of portfolio manager at hedge fund Millennium, according to a report by eFinancial Careers.
Cboe Global Markets, a major derivatives and securities exchange network, has appointed Mandy Xu as Vice President and Head of Derivatives Market Intelligence with a remit to produce insights and analysis on derivatives market themes and flows.
Continued concerns over China’s economic prospects, coupled with ongoing geopolitical tensions, saw several US-based hedge funds including Coatue, D1 Capital and Tiger Global cut their exposure to Chinese companies in Q2, according to a report by Reuters.
Several hedge funds including Basswood Capital, Adage Capital Partners and Tudor Investment Corp placed bets on real estate investment trusts that specialise in New York City office space in Q2, despite continued uncertainty over the impact work-from-home policies on the market, according to a report by Reuters.
A legal clash between hedge funds and private equity firms and the SEC is looming large over the regulator’s proposed plan to tighten rules on the disclosure of fees and dealing with investors, according to a report by Bloomberg.
Watson Wheatley, a London-based specialist in securities reconciliation and a provider of reconciliation solutions for buy-side firms, is now a connectivity partner of Daymi, an interactive operations playbook based in Stockholm.
Abacus Life, a buyer of life insurance policies and alternative asset manager specialising in specialty insurance products serving hedge fund and other investment managers, has appointed Seth Miller as the firm’s new Chief Revenue Officer (CRO).
Digital asset investment products saw inflows this week totalling $29m, likely due to recent US inflation data, which was slightly below expectations signifying that a September rate hike is less likely, according to the latest Digital Assets Fund Flows Weekly Report from CoinShares.
The financial services industry presents unique challenges to Managed Services providers. In such a regulated space, working with specialised IT solutions providers can prove to be extremely beneficial for firms. Vinod Paul, Chief Operating Officer of Align, outlines the many benefits of working with IT partners that have an in-depth understanding of the financial services industry and the associated challenges of meeting stringent regulatory demands, ever-increasing cybersecurity risk, and other specific technological needs unique to hedge funds.
Jersey-based global macro hedge fund major Brevan Howard, which has over $35bn in assets under management, has appointed Oualid Lahsini as Chief Executive Officer of its Middle East business, and Head of Client Partnerships for MENA and Asia.Â
