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Rob Luciano, the founder of Australian hedge fund firm VGI Partners, is taking a ‘sabbatical’ from the business one year after his firm completed a merger with Phil King’s Regal Funds Management, according to a report by the Financial review.
The combined, ASX-listed group, operates as Regal Partners but has retained the VGI name on several funds including two listed products. The report cites unnamed sources as saying that Luciano is expected to inform investors in the two funds of his decision to take an initial three-month break via webinar.
VG1 Global Investments, the largest of the two listed funds
Oliver Jacomb, head of prime brokerage sales for Europe, Middle East and Africa at BNP Paribas, has become the latest former Deutsche Bank executive to leave the bank after the French lender acquired its rival’s prime business, according to a report by Reuters.
The deal, which was first announced in 2019 and completed at the end of 2021, saw some 900 staff transfer from Deutsche as part of a plan by BNP to expand its offering to hedge funds and buyside clients.
Jacomb’s decision to quit follows news last week of the departure of another former Deutsche Bank exec –
SS&C Technologies Holdings now has more than 150 clients using its Trade Matching & Settlements Service to support post-trade execution functions. The growth comes as the US funds industry gears up for trade settlement cycles shortening to T+1 in 2024.
The Trade Matching & Settlements Service fully supports post-trade execution functions such as trade matching/affirmation, trade communication and settlements/fails management.
Available as a stand-alone service or in conjunction with other SS&C fund services, SS&C’s solution automatically integrates with numerous matching platforms, supports multiple formats of trade instructions delivery and captures real-time settlement statuses from custodians and prime brokers. SS&C
Digital asset investment products saw outflows totalling $62m last week, marking the seventh week of outflows which now total a combined $329m, according to the latest Digital Assets Fund Flows Weekly report from CoinShares.
Tron, the smart contracting platform, was the primary focus, seeing outflows totalling $51 million last week.
According to CoinShares, recent outflows are the result of investors taking profits and exiting short positions rather than representing a structural downshift in sentiment for bitcoin.
Forming local partnerships is key to achieving operational excellence and continuous improvement in food and agriculture investments. Colin Butterfield (pictured), CEO of Solum Partners outlines the firm’s differentiated approach to investing in this sector.
US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio leading the way with a 6.14% return to the end of May, according to a report by Reuters.
US hedge fund Citadel’s portfolios all made money in the first five months of the year with the firm’s flagship portfolio chalking up a return of 6.14% to the end of May, according to a report by Reuters.
US hedge fund manager Tom Wagner, the co-founder of Knighthead Capital Management, which oversees about $9 billion and focuses on event-driven investing and distressed credit, has had his takeover of Birmingham City FC apportioned by the English Football League (EFL).
Knighthood Capital Management-owned Shelby Companies Limited, last month agreed a deal to buy 24% of the club’s shares from Birmingham Sports Holdings (BSHL) and an additional 21.64% from Oriental Rainbow Investments Limited, and Achiever Global Group Limited, for a consideration of about £5.3 million ($6.7 million) in cash, along with a series of subsequent payments if Birmingham City FC is
Eisler Capital, the $4.3 billion hedge fund firm founded by Edward Eisler, has added another bank trader to its team, with the appointment of Hersh Patel as a portfolio manager based in London, according to a report by eFinancial Careers.
Before joining Eisler, Patel worked as an emerging markets trader at Bank of America for eight years, and at Barclays for eight years before that in a similar role.
Eisler has been one of the most prominent recruiters of former bank traders so far this year, picking up former Goldman Sachs partners and quants, as well as traders from the
Michael Haddad, the former deputy CIO and interim CIO of the New York City Comptroller’s Bureau of Asset Management, has been appointed as deputy chief investment officer at Cinctive, a New York-based hedge fund with over $1 billion in assets, according to a report by Reuters.
While Cinctive has traditionally focused on long-short equity strategies, the firm hired a team to add macro strategies to its offering last year, and according to co-CIO Larry Spanski, Haddad’s appointment will help the firm as it expands beyond stock trading into macro and quantitative strategies.
Prior to joining the NYC’s Bureau of Asset
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