Latest News
Hedge fund investors pulled $11.57 billion in April as the sector saw its biggest month of outflows so far this year, taking YTD outflows to £19.4 billion, according to eVestment’s latest Hedge Fund Industry Asset Flow Report.
Brahman Capital Corp’s stock-picking hedge fund is to close after over 30 years of trading following losses in the past two years, according to a report by Bloomberg, citing unnamed sources familiar with the matter.
Christine O’Brien, the head of investment stewardship at activist investment firm Elliott Management, has resigned after almost 12 years with the firm, according to a report by Reuters, citing two unnamed sources familiar with the matter.Â
Chinese quant hedge fund Shanghai Ruitian Investment has been ordered to pay damages of RMB3.5 million ($495,000) to its former head of high-frequency trading strategy, Yang Yunhao, after losing a court case over his move to Zhejiang High-Flyer Asset Management.Â
Bloomberg has introduced a range of enhancements to its Rule Builder automated trading solution allowing users to create rules within the Bloomberg Terminal that automate actions on selected orders.
The Depository Trust & Clearing Corporation, a post-trade market infrastructure for the global financial services industry, is partnering with Nomura Research Institute to provide automated central matching capabilities for cash securities transactions in Japan.
Rising interest rates, which have made it cheaper for speculators to borrow stock and bet on movements in company stock prices, have seen hedge fund industry borrowing hit record highs, according to a report by Reuters.
Taconic Capital Advisors, an $11 billion, New York- and London-based hedge fund firm focused on event-driven, multi strategy investments, has appointed Nate Kempner, a principal and co-chair of the firm’s Investment Committee, as co-chief investment officer, alongside Taconic’s co-founder, Frank Brosens.
Concerns over the accuracy of the Perion Network’s financial reporting have prompted New York-based hedge fund Spruce Point Capital to establish a new short position in the Israel-based advertising technology firm, according to a report by Reuters.
The report cites Spruce Point Capital as saying that given its “extreme dependency” on a Microsoft Corp search partnership that is due to come to an end next year, Perion’s shares could fall by as much as 40% in the long-term.
News of Spruce Point’s new bet against the business saw Perion’s stock price fall to a near four-month low before recovering some
Growing competition from new investment vehicles approved by Hong Kong and Singapore has prompted the Cayman Islands to launch an initiative to protect its position as a favourite destination for Asia hedge funds and the super-rich to park assets, according to a report by the Financial Times.
