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Marshall Wace, the London-headquartered hedge fund major founded by Paul Marshall and Ian Wace, has tapped one of Citadel’s top credit portfolio managers – Dan Shatz – for a new role in New York, according to a report by eFinancial Careers.
Japanese and emerging markets hedge funds extended gains to begin 2023, driven by optimism toward peaking US and global inflation, and the near end of the US-led interest rate increasing cycle, according to the latest HFR Asian Hedge Fund Industry and HFR Emerging Markets Hedge Fund Industry reports.
India will experience significant economic growth, similar to that seen during China’s economic transformation in the 1980s, according to a report by the Hong Kong Standard, citing Ray Dalio, the founder of hedge fund Bridgewater.
Dalio praised the leadership of Minister Narendra Modi following a meeting with the Indian prime minister saying that his policies are enabling India to experience “the fastest growth rates and biggest transformations in the world.”
And Dalio isn’t the only one to see India’s potential with Apple chief executive Tim Cook saying in a recent CNBC interview that India represents a “huge opportunity” after a
Ken Griffin’s Citadel has slashed its holding in UK fashion retailer Boohoo from 8.9% to just 1.8% after shares in the business fell from 62p at the time of the hedge fund’s initial investment, to just 34p, according to a report by BusinessLive.
GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management LP have closed a $493 million collateralised loan obligation (CLO), GoldenTree Loan Management US CLO 17 (GLM US CLO 17), to be managed by GLM II.
Arcesium, a global fintech serving sophisticated financial institutions including hedge funds and private equity firms, has partnered with Confluence, a global investment tech solutions provider, to deliver an integrated data management and analytics solution for middle/back-office operations for asset managers.
Global hedge funds holding short positions in Ocado, including Man and AQR, were facing potential losses on Thursday after shares in the UK online grocery business surged, according to a report by Reuters citing data from research group Breakout Point.
Brevan Howard has appointed John Antonakakis, a managing director and global head of market risk for cash equities, systematic strategies and ECM at Credit Suisse, as its senior risk officer on equities strategies, according to a report by Financial Careers.
Antonakis, who spent three years at Credit Suisse having previously served as chief risk officer at QT Fund, a quant fund operated by the bank, joins the team at Jersey-based Brevan Howard’s New York office.
Prior to QT Fund, Antonakis had a short eight-month stint at BlackRock as director – risk and quantitative analysis, having spent the previous decade at
AXA’s Hong Kong-based hedge fund division, AXA IM Chorus, has closed down and chief investment officer Hector Chan has left the firm, after AXA redeemed its shares in the two AXA IM Chorus Luxembourg funds, which launched in 2017, according to a report by AsianInvestor.
The report cites a spokesman for AXA IM, the funds’ main investor, as confirming the share redemption, saying that it had “resulted in the liquidation of the funds, which in turn led to the termination of the AXA IM Chorus business”.
Chan joined AXA IM Chorus from Goldman Sachs in April 2016 as co-CIO alongside
Managed Funds Association has recommended improvements to the US Securities and Exchange Commission’s proposed Advisers Act Cybersecurity rules in a third comment letter setting out how the SEC can achieve its goals while mitigating negative unintended consequences.
