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New York-based hedge fund Alphadyne Asset Management has hired former Nomura rates trader William Johnson, who left the Japanese bank last year after a 16-year tenure, to its team in London, according to a report by eFinancial careers.
Global hedge funds have been selling and shorting shares across banks, insurers, fintech firms, and trading companies, making financials the most heavily sold sector this year, according to a a report by Reuters citing a client note from Goldman Sachs.
Millennium Management has withdrawn its $1bn allocation from Scopia Capital Management, just over a year after committing the capital to the equity long-short hedge fund, according to a report by Bloomberg citing unnamed sources familiar with the matter.
Palliser Capital (UK) Ltd says South Korean investors are becoming increasingly receptive to foreign-led shareholder activism, with local stakeholders showing more willingness to challenge management at family-controlled conglomerates, according to a report by Reuters.
Oaktree Capital Management is preparing to acquire control of a US life insurer as part of a restructuring linked to the collapse of Miami-based investment firm 777 Partners, according to a report by the Financial Times.
Davidson Kempner Capital Management has warned that financial stress across the private capital industry is deeper than many on Wall Street recognise, with a “substantial portion” of private equity firms already under pressure, according to a report by the Financial Times.
Infini Capital has confirmed that its business and investment operations “remain normal” following reports that Hong Kong authorities have launched an insider trading investigation involving multiple financial firms, accordoing to a report by Reuters.
Veteran macro trader Brent Cook has joined Fulcrum Asset Management as a portfolio manager, continuing a career that has taken him across major banks and hedge funds in Europe and Australia, according to a report by eFinancial careers.
Hedge funds and institutional investors are increasingly deploying complex derivatives strategies to navigate extreme cross-asset volatility triggered by the conflict involving Iran, according to a report by Bloomberg citing several market participants including Citigroup.
Ben Cohen has renewed his criticism of hedge fund influence over the ice-cream business following the appointment of a partner from activist Trian Fund Management to the board of Magnum Ice Cream Company, according to a report by The Times.
