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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
New York-based activist hedge fund Starboard Value has seemingly identified it’s next restaurant sector target after a recent SEC regulatory filing revealed that the fund has acquired minority stake in Bloomin’ Brands which gives it nearly 10% of voting rights at the Tampa-based business.
Some 60% of investors feel that hedge fund investments either met or exceeded their expectations in the past 12 months, up from 53% in 2022, according to new research carried out by Preqin for its Investor Outlook: Alternative Assets, H2 2023 report.Â
Odey AM founder Crispin Odey has severed ties with several companies connected to his family’s investments after he was ousted from the hedge fund firm following multiple allegations of sexual harassment and assault, according to a report by Bloomberg.
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