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As investment managers face a shifting regulatory environment, they are looking for greater support for their in-house trading desks. Outsourced trading providers are experiencing growth as managers of all sizes are looking to take advantage of this service. Jack Seibald, Managing Director, Co-Head of TD Cowen Prime Execution Services talks through the most recent developments.
Citadel, the hedge fund firm founded by Ken Griffin, is betting against Deliveroo and has opened up a £27 million short wager against the food delivery company, according to a report by The Daily Telegraph.
US financial regulators are considering new proposals which would make it easier to more closely regulate non-bank financial institutions, including hedge funds, asset managers and insurers, according to a report by the Financial Times.
New guidance issued by the Financial Stability Oversight Council (FSOC) – a group of the top US financial regulators led by the Treasury department – has outlined how it would facilitate individual regulation of non-bank entities by the Federal Reserve depending on whether the “material financial distress” at an individual company, or the “nature, scope, size, scale, concentration, interconnectedness, or mix” of its activities posed a
Hedge funds and other leveraged investors upped their net short positions on 10-year US Treasury futures to a record 1.29 million contracts as of 18 April, in an apparent show of confidence that the US economy can avoid a recession, according to a report by Bloomberg.
The report cites data from the US Commodity Futures Trading Commission (CFTC) as confirming that net shorts had increased for a fifth consecutive week.
Hedge funds seem to be backing the US central bank to win out in its desire to see further increases in borrowing costs. The 10-year Treasury yield has advanced nine
Total hedge fund capital increased for the second consecutive quarter in the first three months of the year, as investors allocated new funds while key banking and financial risks surged and the risk of a recession increased, according to the latest data from HFR.
Total global hedge fund capital rose to $3.88 trillion, a quarterly increase of over $50 billion. Investors allocated an estimated $9.1 billion in new capital to the hedge fund industry in Q1 2023, the first quarter of net asset inflows since the first three months of 2022.
The investable HFRI 500 Fund Weighted Composite Index
At least four new hedge fund firms are on target to raise more than $1 billion by the end of this year, as fundraising returns to levels not seen since before the global pandemic, according to a report by Bloomberg.
TS Imagine, a cross-asset provider of trading, portfolio, and risk management solutions for sophisticated investors and their teams, has expanded its team in North America with two key additions to its sales team.
Geneva-based asset management company Noble Capital Management (NCM) SA has appointed Nicolas Ganne as Senior Portfolio Manager. He will be in charge of developing the range of trading strategies implemented within the framework of NCM’s antifragile investment.
Prior to joining NCM, Ganne was senior broker/derivatives trader at BGC Partners, where he was in charge of the firm’s High Touch initiative. Specialised in antifragile investments, NCM manages three funds under Swiss law and provides wealth management services to ultra-high net worth individuals and family offices.
With an extensive knowledge of technical analysis and behavioural finance, Ganne has 16 years of
Hong Kong-based hedge fund BFAM Partners, an investment vehicle of US hedge fund Davidson Kempner, and other investors, have filed a lawsuit in New York seeking $201 million in debt repayment from Chinese property developer Glory Health, according to a report by Reuters.
The report cites a court filing dated 14 April as revealing that the group claim they are owed $141.4 million in principal, $9.4 million in premiums, and $50.4 million in interest.
According to the filing, Glory Health issued offshore bonds worth $334.8 million with 14.25% annual interest in February 2022, and promised to redeem at least $9.6
Activist hedge fund Engine Capital, which has been agitating for a shakeup at US convenience store and fuel station owner Parkland Corp, is to oppose the re-election of the company’s board members, according to a report by the Globe and Mail.
The report cites a letter sent by the New York-based firm to Parkland on Thursday as revealing that it wants to see the company either broken up or privatised, having had its requests to meet with directors rebuffed.
Engine Capital owns roughly 2 per cent of the shares of Parkland which owns thousands of convenience stores and gasoline stations
