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Odey Asset Management is in talks with Green Ash Partners over the transfer of a special situations fund run by portfolio manager Adrian Courtenay, as the firm continues to reorganise after sexual assault allegations against founder Crispin Odey, according to a report by Reuters.
The report cites an investor letter seen by Reuters as confirming that while discussions are at an advanced stage, any transfer of the $83 million fund remains subject to due diligence as well as board and regulatory approvals.
The discussions follow earlier moves by the London-based hedge fund firm to rehouse its funds managed by
Schroders has partnered with New York-based hedge fund firm Select Equity Group (SEG) to launch the latest fund in its GAIA platform, Schroder GAIA SEG US Equity, a long-biased US equity long-short UCITS vehicle.
Barclays has become the latest financial firm to look to sever ties with Odey Asset Management with the bank seeking to end its corporate banking relationship with the London-based hedge fund firm following sexual assault allegations against founder Crispin Odey, according to a report by the Financial Times.
New hedge fund launches were steady in the first quarter of 2023 with an estimated 93 new funds making their debut, as managers positioned for opportunities in technology, artificial intelligence, and cryptocurrency, according to the latest HFR Market Microstructure Report.
Odey Asset Management is planning to restructure one of its oldest funds as part of wider efforts to deal with the fallout from the ouster of founder Crispin Odey following allegations of serial sexual misconduct, according to a report by The Financial Times.
UK hedge fund manager Man Group has agreed to acquire a 51% stake in Asteria, an ESG-focused boutique money manager owned by Italian private bank Fideuram – Intesa Sanpaolo Private Banking, which will retain the other 49% of the business.Â
Bowmoor Capital, a London-based trend following, global macro hedge fund manager, is making is flagship long/short, systematic, quantitative Global Alpha strategy, which is designed to benefit from price trends in global markets, available to outside investors for the first time, according to reports.
Bowmoor is to launch a new Guernsey-based fund on 1 August anchored by seed investors including London-based investment firm Peregrine & Black.
According to the firm’s website, Global Alpha uses sophisticated mathematical processes to identify and exploit market trends, investing in a diversified portfolio of globally exchange traded futures including stock markets, interest rates, foreign exchange, metals,
Activist hedge fund Starboard Value LP has built a 5% holding in Algonquin Power & Utilities Corp because it believes shares of the business are “undervalued” and represent an “attractive investment opportunity”, according to a report by Reuters.
The report cites a regulatory filing made in Friday as confirming Starboard’s stake in the company, which owns and operates regulated utilities, as well as power generating and water assets, across Canada and the United States. According to Algonquin’s website, the company’s regulated business serves more than one million customers.
In May, Algonquin, which has sizeable debt pile of around $7.5 billion
Geopolitical tensions which have made investing in China more difficult, have led to Yulan Capital Management, a hedge fund firm backed by Tiger Management, closing down its operations in New York and Shanghai, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as confirming that the firm wound down operations in December and terminated its registration with the US Securities and Exchange Commission (SEC) at the end of January.
Yulan, which was founded ten years ago by Shanghai native Lilian Zhou to bet on rising and falling stocks in Asia, with a focus
As the market for crypto and digital assets undergoes significant structural changes, managers are pivoting their approach to better serve their investors and the broader industry. Edouard Hindi (pictured), CIO at Tyr Capital discusses the changes the firm has been implementing.
