Latest News
King Street Capital Management, a global alternative investment firm managing more than $22 billion in assets across public and private markets, has appointed William McGirr as a managing director in the firm’s Marketing and Investor Relations team.
As the demand for digital assets continues to grow, so does the need for high-quality services. Here at MG Stover, we are a proud leader and the longest tenured provider of fund administration and accounting services in digital assets. Recently, we were recognized for our innovative solutions to digital asset reporting, winning Hedgeweek’s US Digital Asset Award for Best Administrator – Technology.
Sean George, a portfolio manager at Millennium Capital Partners, is leaving the $50 billion multi-strategy hedge fund firm firm to return to his sell-side roots having first begun his finance industry career in banking with firms including UBS, Bank of American Merrill Lynch and Deutsche Bank.
Brevan Howard Asset Management has pulled the plug on its relationship with US hedge fund firm Commonwealth Asset Management after a $1 billion separately managed account it advised on suffered losses last month, according to a report by Bloomberg.Â
Several big-name hedge fund hedge fund firms, including Crispin Odey’s Odey Asset Management and James Hanbury’s Brook Asset Management have racked up big losses on the back of a 16% rally in the Nasdaq Composite so far this year, according to a report by the Financial Review.
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.
