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Clients of London-based hedge fund Marshall Wace are set to pay a new “compensation fee” as the firm looks to hire and retain top talent in an increasingly competitive recruitment market, according to a report by Bloomberg.
Two investors in AMC Entertainment Holdings Inc are suing hedge fund Antara Capital LP, which holds roughly 30% of the company’s controversial APE preferred units, for the return of alleged short-swing profits, according to a report by Bloomberg.
Blockstone Capital, a London-based, FCA-authorised alternative investment fund manager, has launched a new digital asset fund of hedge funds, which is available to institutional and other professional investors, and “carefully curates its portfolio to include only the top-tier funds and managers”.
The most shorted large-cap stocks in the Americas in May were mining and tech companies including Localiza, Ivanhoe Mines, Canadian Natural Resources, and Tesla, according to the new Shortside Crowdedness Report from Hazeltree, a monthly listing of the top 10 shorted securities in the Americas, EMEA and APAC regions in the large-, mid-, and small-cap exchanges.
Among this group, Ivanhoe Mines saw the highest institutional supply utilisation rate (19.82%) – one of three metrics used try Hazeltree to track shorting activity – which represents the percentage of the institutional investors’ supply of a particular security that is being lent out.
The Managed Funds Association has sent a letter to the UK Financial Conduct Authority proposing improvements to the UK regulatory framework for securitisations that it says would expand capital investment in the UK and optimise risk management on behalf of UK investors.Â
Fulcrum Asset Management, a provider of diversified macro investment products, has appointed Christopher Carroll as head of hedge fund business development. Carroll joins Fulcrum’s expanding US team, which is run by Paul Seaton, head of North America.
London-based Fulcrum has had a presence in the US for a decade, but Carroll is the first professional enlisted to focus on presenting the firm’s higher volatility hedge fund product to North American institutions.
The investment team at Fulcrum is led by Suhail Shaikh, chief investment officer, who joined Fulcrum in 2005 from Goldman Sachs.
Carroll joins Fulcrum from Caxton Associates,
Odey Asset Management is in “advanced discussions” to sell off some of its funds and move staff to other asset managers in the wake of sexual misconduct allegations against founder Crispin Odey, according to a report by Reuters.
The prospect of the US economy going into recession later this year, has prompted Citadel boss Ken Griffin, whose firm racked up a record $16 billion return for clients last year, to increase his focus on credit trading, according to a report by Bloomberg.
In an interview in Hong Kong, Griffin reportedly said that his hedge fund is particularly focused on the high-yield credit market, with a mix of long and short strategies. “We’ll look at the credit markets as a source of opportunity,” he said. “Credit should be a meaningful contributor later this year, and next for Citadel.”
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Activist hedge fund Arex Capital Management wants home health and hospice provider Enhabit to put itself up for sale and begin a strategic review aimed at reversing an almost 50% slide in its share price since the business was spun off from Encompass Health Corp in July 2022, according to a report by Reuters.
AlphaGrep, a global multi-asset, quant-based proprietary trading firm founded in 2010 by University of Pennsylvania alumni duo Mohit Mutreja and Parshant Mittal, has launched a new quant-driven investment management arm – AlphaGrep Investment Management.
Over the past 13 years, AlphaGrep, which has its origins in quantitative research and high-frequency trading, has expanded into the medium to low-frequency trading space and has now grown to a team of over 300 people operating from offices in Mumbai, Bengaluru, Gurugram, London, Singapore, Chicago, Dubai, and Shanghai. The company is among the top market participants by volume on domestic exchanges and is an active
