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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.”
The
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
Adoption of trading in emerging markets from hedge funds, proprietary trading firms and bank trading and execution desks is set to grow significantly as firms look to diversify trading strategies, seek unique opportunities and broaden exposures, a new study by Acuiti has found.
Hedge funds overwhelmingly regard digital assets as a major part of the investment landscape, according to a new study by Laser Digital, Nomura’s digital asset subsidiary, with 98% of those surveyed seeing digital assets as an investment diversification opportunity alongside traditional asset classes such as fixed income, cash, equities and commodities.
Odey Asset Management is shuttering one fund and restricting withdrawals from two others as it battles the fallout from the allegations of sexual misconduct made against founder Crispin Odey last week, according to a report by Reuters.
Balyasny Asset Management is planning to lock up investor money for longer joining a growing list of hedge fund firms that are extending the length of time they can hang on to investor cash, according to a report by Bloomberg.
Ken Griffin, CEO and founder of Citadel, believes now is “an exciting time to be involved in Japan” due to structural shifts in the domestic market over the last decade, which is just as well, given that his firm is preparing to reopen an office in Tokyo as early as this year, according to a report by Nikkei Asia.
Citadel closed its last office in Tokyo in 2008, as part of its restructuring in the aftermath of the collapse of Lehman Brothers, but it continued to invest in Japanese shares from overseas.
In an interview with Nikkei Asia, Griffin said
