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Eisler Capital’s push to establish itself as a multi-strategy hedge fund has seen the company embark on a major recruitment campaign with ex-Goldman Sachs staff featuring prominently, according to a report by eFinancial Careers.
London-based digital assets held fund manager Nickel Digital Asset Management (Nickel), has reported strong performance for its multi-manager Diversified Alpha Fund, with the fund outperforming comparable hedge fund indices this year.
Data from Nickel, which was founded four years ago by alumni of Bankers Trust, Goldman Sachs and JPMorgan to provide institutional-grade access to the digital assets market, shows its Diversified Alpha Fund has delivered an estimated +7.5% return YTD to 30 April 2023, strongly outperforming major indices in its sector including the HFRX Absolute Return Index (0.0% YTD); the HFRX Global Hedge Fund Index (+0.3% YTD) and the HFRX
Louis Bacon, the founder and chief executive of New York-based global macro hedge fund Moore Capital Management, ‘made’ $203 million this week, but the cash came from the resolution of a long-running court battle rather than any trading prowess, according to a report by the Financial Times.
A New York judge awarded Bacon the money in damages at the end of a bitter and long-running defamation case against his former Bahamas neighbour, Canadian fashion mogul Peter Nygard.
The feud between Bacon and Nygard has its roots in noise issues from loud parties at Nygard’s Robinson Crusoe-themed property in the Bahamas
Limina, a provider of investments management software solutions, has partnered with Watson Wheatley, the developer of the iRecs reconciliation tool, which was originally built for one of the largest hedge funds in Europe, to offer highly automated reconciliation to the buy-side.
MSCI Inc, a provider of decision support tools and services for hedge funds and the wider investment community, has appointed Ashley Lester as global head of research and a member of MSCI’s Executive Committee. Based in London, Lester will report to Baer Pettit, President.
After the market madness of March, April proved a steadier, though downbeat month, with lingering concerns over the health and stability of the global banking system, ongoing geopolitical risks, and a weaker corporate earnings picture.
Large hedge fund managers will now have to make more disclosures about their investment activities after the US Securities and Exchange Commission yesterday voted to adopt a series of amendments to FormPF, the confidential reporting form for certain SEC-registered investment advisers to private funds.Â
A $12.7 billion venture capital fund set up by New York-based hedge fund Tiger Global Management in October 2021 to support tech startups, has been hit hard by a decline in tech sector valuations with the fund suffering a 20% net loss as of December last year, according to reports.
Hedge fund managers at a major industry conference have said that they are favouring fixed income, over stocks and real estate amid an uncertain interest rate outlook and fears of a recession and US debt default, according to a report by Benzinga.
Pine River Capital Management, an alternative asset manager with approximately $7 billion under management across hedge funds, managed accounts and listed investment vehicles, has appointed Fernando Gardner and Jason Yeung as managing director in Marketing and Investor Relations and MBS trader and assistant portfolio manager, respectively.
