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Brevan Howard, the Jersey-headquartered global macro hedge fund firm, has continued its recent hiring spree with the appointment of Subhek Garg, a former managing director at Goldman Sachs, as its new chief technology officer based in the firm’s New York office.
After eleven straight months of redemptions, hedge fund industry flows reversed course in January as the industry posted $3.94 billion worth of net inflows, equivalent to about 8 basis points in asset growth, according to the Barclay Fund Flow Indicator published by Backstop-BarclayHedge.
A $151.82 billion trading profit in January brought total hedge fund industry assets back over the $5 trillion threshold to settle at $5.05 trillion.
“After a string of monthly redemptions reaching back to April, investors turned the page in January and began returning to hedge funds,” said Ben Crawford, Head of Research at Backstop-BarclayHedge. “It was
Struggling US home furnishings retailer Bed bath & Beyond has terminated its fundraising deal with hedge fund Hudson Bay Capital, and is instead looking to the public market to raise funds as it looks to stave off bankruptcy.
Schuss Capital, a New York-based hedge fund that specialising in arbitrage strategies, has launched a new fund, with a target of $300 million, which will employ a small-cap merger arbitrage strategy.
LTX, a subsidiary of Broadridge Financial Solutions Inc, has completed a successful migration of its AI-powered corporate bond e-trading platform for buy-side investors and dealers to Amazon Web Services.
In 2017 the Cayman Islands’ Foundation Companies Act came into force. The act permits a new type of The Act introduced what was then a new type of company which bolsters the jurisdiction’s offering of versatile special purpose vehicles which has potential application in a wide range of structures and scenarios
The year 2022 saw unprecedented level of sanctions imposed on Russia, as well as new and expanded sanctions controls targeting old foes like China and Iran. While the fund sector has become accustomed to the new normal, a new dawn of economic controls looms on the horizon.
If you’re a regular HedgeWeek reader, you probably already know that the Cayman Islands is the world’s number one domicile for alternative investment funds. At Cayman Finance, it’s our job to help ensure it stays that way.
Envestnet Inc has added three new directors to its board following pressure from activist investment firm Impactive Capital, which has been pushing for the fintech to prove its performance by cutting costs, according to a report by Reuters.
The new board members are banking executive Barbara Turner, veteran board member Wendy Lane, and Lauren Taylor Wolfe, the co-founder of Impactive Capital, who have all joined the board in the last few days.
Envestnet, which provides technology and automation software for financial advisors and banks, has also said it will suggest that all of its directors stand for election every year,
Citadel, the hedge fund firm founded by Ken Griffin, is to make a ‘comeback’ in Japan with plans to reopen its Tokyo office later this year, almost 15 years after closing operations there during the global financial crisis, according to a report by the Financial Times.
