Latest News
The Citco group of companies has opened a new office for the firm’s asset-servicing operations in Guernsey, offering fund accounting, fund operations and company secretarial with the key business focus centred on automation.
Odey Asset Management has suspended withdrawals from two more funds – the Special Situations and Odey Portfolio funds – in response to mounting redemption pressure following sexual assault allegations against its founder Crispin Odey, according to reports.
Scott Bommer, the chief investment officer of Blackstone’s Horizon Fund – the growth strategy in the company’s Blackstone Alternative Asset Management hedge fund unit – is leaving the business for health reasons, according to a report by Reuters citing unnamed sources familiar with the matter.
Barclays Plc is tapping an increasing appetite from Asia-based quantitative and multi-strategy hedge funds for prime financing services and has upped its lending for investment trades as a result, according to a report by Bloomberg.
The move comes as some rivals including Credit Suisse, have exited or scaled back their the business over the past few years after losses.
As well as increased hedge fund demand for its prime financing business, Barclays has also seen an increase in business from private bank clients for cross-border structured products, including derivatives linked to US stocks, according to Hossein Zaimi, the region’s head
Saudi Arabia’s energy minister Abdulaziz bin Salman may have recently warned oil short sellers to “watch out”, but hedge funds have turned bullish on oil again with wagers against US crude futures and options jumping to the highest in three months, according to a report by Bloomberg.
The Securities and Exchange Commission has charged hedge fund Sabby Management LLC and its managing partner, Hal D Mintz, with fraud in connection with a “long running scheme involving misrepresentations and violations of rules for short selling and order making”.
Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund having so far secured about a third of its $6 billion target, according to a report by Bloomberg.
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”.
