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Point72 Asset Management, the $27.2bn hedge fund firm founded by Steve Cohen, has continued its recent hiring spree with the addition of portfolio managers in both New York and London, according to a report by eFinancial Careers.
Siddharth Mehla joined the fund’s New York office this month having spent the previous 17 years at Barclays, most recently as an options trader. Mehla, a graduate of the Indian Institution of Technology, was part of Barclays 2019 class of managing directors.
Neil Tanna, meanwhile, joined Point72 earlier this month in London from Balyasny, where he was an associate portfolio manager focused on
Advantage Futures, one of highest volume clearing firms in the futures industry, has partnered with Validus, a global provider of multi-asset class trade surveillance, market risk and algo monitoring solutions, to meet its trade surveillance needs.
The Validus platform is used widely throughout the futures industry and other asset classes.
Validus’ use of automation, including machine learning, is aimed at speeding up alert triage and ensuring the most actionable alerts are escalated for further investigation. The platform handles alert generation covering billions of messages per day, around the clock, providing comprehensive coverage across trading flows.
TMR Capital, a British Virgin Islands-based activist investment hedge fund, firm wants to see the break-up of Wagamama owner The Restaurant Group, and is eyeing a bid for two of the company’s four divisions, according to a report by The Telegraph.
Converium Capital, a hedge fund firm founded by former Fir Tree partners Aaron Stern, and Elliot Ruda, and ex-Clarke executive Michael Rapps in 2021, is sticking with its bet on El Salvador bonds, despite the debt posting a 180% return over the past year, according to a report by Bloomberg.
M1 Capital, a South Africa-domiciled specialist equity hedge fund investment firm, is suing its prime broker Credit Suisse for $100m over an allegedly incorrect margin call, according to a report by Financial News.
In its claim, M1 alleges that Credit Suisse made an incorrect margin call which triggered the sale of stock that the hedge fund had pledged as collateral.
The firm is seeking $108m in compensation to cover the value of the shares sold in the margin call made in 2020, which it says the bank had incorrectly calculated and was not due.
Elliott Investment Management’s long-running dispute with the South Korean government still has someway to go after Justice Minister Han Dong-hoon revealed a new law suit aimed at reversing a decision by an international tribunal to award the US hedge fund $108m in damages, according to a report by The Korea Herald.
The dispute centres on the controversial 2015 merger of two Samsung Group affiliates, Samsung C&T and Cheil Industries, which led to Elliott – a minority stakeholder in Samsung C&T – suing the Korean government in 2018 for pressuring a state-run pension scheme to vote in favour of the deal.
Members of the Hedge Fund Association, an international nonprofit trade and nonpartisan lobbying organisation for the alternative investment industry, have re-elected Alexander Reyes, and elected Paul Gray, Rob Hartnett and Krista Oldfield, to serve on the association’s 2023 Global Board of Directors.
Clearwater Analytics, a provider of SaaS-based investment management, accounting, reporting, and analytics solutions, is to launch Clearwater-GPT, which the company says is the world’s first generative AI technology for investment management.
The new offering, which is expected to be available to select customers during the second half of 2023, will deliver AI-created content for sales, service, marketing, IT and client interaction, and is aimed at accelerating the way Clearwater’s global clientele analyses investment data and responds to market changes.
Clearwater says Clearwater-GPT will complement its existing suite of products, which already includes investment management, accounting, reporting, and analytics solutions. By
Rithm Capital Corp, a New York-based asset manager focused on the real estate and financial services industries, is to acquire $34bn hedge fund firm Sculptor Capital Management in a transaction valued at approximately $639m.
Balyasny Asset Management has continued to build out its senior team in Dubai with the appointment of Tarek Rizk, the Global Head of Alternative Investments at the Abu Dhabi Investment Authority (ADIA), as its new head of the Mena region, according to a report by Financial News.
