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A period of political calm, coupled with unexpectedly strong returns, has had hedge funds rushing to unwind their short positions in Italian government bonds in recent weeks as they look to cut their losses on bets against the heavily indebted country, according to a report by The Financial Times.
Quant fund Jump Trading is suing a “special” trader who left the firm to a join hedge fund in a bid to delay him taking up his new role to protect proprietary secrets that are the “lifeblood of its business”, according to a report by Bloomberg.
In the UK High Court on Friday, James Laddie, a lawyer for Jump, argued that Damien Couture, who left the firm in March last year, should be blocked from taking up his new position at Verition Fund Management until April 2024, and that failure to do so would risk an “abuse of confidential information”.
Hedge fund Corvex Management has become the latest activist investor to push for changes at Algonquin Power & Utilities Corp, having amassed a sizeable stake in the Canadian power company, according to a report by Reuters.
Digital prime brokerage GCEX, which enables brokers, fund managers, hedge funds and professional traders to access liquidity in FX and digital assets, has appointed Tilman Schultz as head of partnerships to accelerate growth in Europe.
TS Imagine, a global, cross-asset provider of trading, portfolio, and risk management solutions, has connected with Crypto Finance, a European prime broker for digital assets, to offer institutional clients greater connectivity and liquidity in cryptocurrency trading.
With this partnership, TS Imagine’s clients will be able to access Crypto Finance’s advanced trading infrastructure and comprehensive cryptocurrency market coverage.
“Adding Crypto Finance as a regulated crypto destination for our clients demonstrates our commitment to meeting the evolving needs of our institutional clients,” said Alexandre Carteau, Head of Corporate Development and Digital Assets at TS Imagine.
Having correctly predicted in February that the rally in emerging markets between October and February would soon reverse, Man Group, the world’s largest listed hedge fund, says risky assets will see even bigger losses later this year, according to a report by Bloomberg.
Dubai is on the way to becoming a global hedge fun hub with more than 60 firms said to be currently in discussions to establish a presence in the city’s Dubai International Finance Centre (DIFC), according to a new report produced by the DIFC and Refinitiv.
Steve Cohen’s Point72 has demonstrated the value it places on nurturing the next-generation of quant analysts, by offering a bumper $300k salary for a teacher to educate its up and coming graduate trainees, according to a report by eFinancialCareers.
Digital Prime Brokerage GCEX has extended its existing partnership with Komainu, a regulated digital asset custodian, founded as a joint venture between investment bank Nomura, hardware technology company Ledger, and digital asset investment manager Coin Shares, to offer staking services to its institutional and professional clients.
Hedge fund startups in Asia raised just $3.5 billion last year – the lowest annual amount seen since the global financial crisis – as Covid restrictions and geopolitical risks impacted fundraising activity in Hong Kong, according to a report by FinnoExpert.
