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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.
Credit Suisse has told its hedge fund and other institutional clients that it is shutting down its cash equity dales business as part of a global overhaul of the bank’s operations by new owner UBS Group, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as confirming that as a result, a number of Tokyo-based staff will be leaving the business.
Credit Suisse’s investment bank division has already ceased stock underwriting in Japan.
According to a local filings, Credit Suisse’s Japanese securities unit had 421 employees as of March this year. Ince acquiring
Amir Fais, a former Goldman Sachs managing director and head of EMEA emerging markets rates trading who joined Eisler Capital as a macro and emerging market focused Portfolio Manager, in May, has left after just three months, according to a report by eFinancial careers.
Bell Rock Capital Management, a London-based hedge fund focused on equity market neutral and merger arbitrage strategies, is opposing Whitehaven Coal’s proposed multi-billion dollar deal to acquire two major BHP mines, according to a report by the Australian Financial review.
Oceanwood Capital Management, the hedge firm co-managed by Julian Garcia and Christopher Gate, is closing down, with Deputy CIO Garcia now planning launch his own hedge fund firm next year, according to a report by Bloomberg.
Cristian Cibrario, a portfolio manager at Man GLG, Man Group’s discretionary investment business, has left the firm to launch a new hedge fund, according to a report by With Intelligence.
