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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.
New York-based hedge fund firm Hunting Hill Global Capital, a specialist in global arbitrage investments with $364 million in assets under management, has launched a new crypto and digital asset-focused affiliate, Hunting Hill Digital, with the backing of early-stage VC investor BaseLayer ventures.
Hedge fund-turned digital intelligence provider CargoMetrics, a specialist in the systematic monitoring and analysis of global maritime trade, has launched three new commercial data products that measure seaborne commodity trade – the Iron Ore Pack, LNG Pack, and LPG Pack.
The products are designed to support analysis, modelling, learning, training, and backtesting to support data-driven decisions.
The three products join CargoMetrics’ popular Crude Pack, released in 2022, and are part of the company’s commodity group of Better-Built Data products. Each includes global coverage – with greater than 90% of imports and exports by country – point-in-time daily data, and more
