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Apex Group Ltd has appointed Anthony Alfonso as global head of valuation. Alfonso will be responsible for the group’s valuation advisory services for a wide range of investor types, including hedge funds, private equity and debt funds, venture capital, mutual funds, structured credit, family offices, pension funds as well as corporates, insurance companies, banking and other financial institutions.
Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank and Signature Bank triggered big swings in the bond market, according to a report by Bloomberg.
Ken Griffin’s Citadel, which became the world’s most profitable hedge fund in 2022 after raking in $16 billion, has boosted its international equities team with a series of senior hires in Hong and London, according to a report by Reuters.
The report says that LinkedIn profile updates show that at least five veteran investment and operational professionals have joined the $57 billion firm’s non-US equity investment team so far in 2023.
New recruits include Julian Ulmer, who joined Citadel’s Hong Kong office in March from Lighthouse Investment Partners to take a newly created role as head of Asia Equities Business
A number of hedge fund firms, including Bridgewater Associates, Millennium Management and Marshall Wace, have upped their short bets against European banking shares following the collapse of Silicon Valley Bank and Signature Bank, according to a report by Reuters, citing data from Breakout Point.
The data provider also revealed that as of 15 February, Citadel, Wellington Management, Capital Fund Management and Odey Asset Management already had short positions, some long-standing.
Breakout Point’s analysis of public filings from Austria, Italy, Sweden, Britain, Spain and Poland, identified Marshall Wace as the holder of the largest number of disclosed short positions against European
Hedge fund Alameda Research was the main channel used by bankrupt cryptocurrency exchange FTX to funnel about $2.2 billion to founder Sam Bankman-Fried the company new management team has claimed, according to a report by Reuters.
The University of California’s investment fund is to stop making hedge fund allocations and will instead commit more of its capital to private credit investments, according to a report by Bloomberg.
Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America. Based in Toronto, Farrell will have oversight of all the US and Canadian operations for Torstone.
Prior to joining Torstone, Farrell spent the last 35 years in Canadian financial services and brings a wealth of experience to the role, having previously worked at RBC, TD Securities, Scotiabank, and most recently at Credit Suisse Canada as a senior operations leader.
Over his career, Farrell has led a number of significant initiatives, including the Credit Suisse migration to Torstone’s Cloud Platform.
Diversification is critical in today’s markets. Richard Elston, Head of Institutional at CMC Markets, explains how this has led to a growing need for accessing multi-asset liquidity via a single connection…
GAM has appointed Chris Longworth, who joined the firm in 2010, as Head of GAM Systematic. In addition, Danny Dhingra, who has been with the company since 2016, is to join the systematic Core Macro team, and will report to Longworth.
As digital assets investors seek safe harbour, Lin Cheung, JKL Group’s CEO talks through the key factors needed to mitigate risk and the outlook for opportunity…
