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Morgan Stanley is the latest firm to benefit from a Goldman Sachs defection with Brett le Roux, a cross-asset hedge fund sales executive working in Goldman’s London office, joining the firm as an executive director, according to a report by eFinancial Careers.
The US Securities & Exchange Commission has postponed a planned vote on a proposed new rule aimed at protecting the stability of the financial system by detecting risk in the $20 trillion private asset management sector.
Hedgeweek exclusive: TT International’s Charlotte Roden discusses re-emerging interest in Europe-focused equity investment strategies among US investors following years of lukewarm sentiment.
Bank additional tier-1 bonds, including those of Credit Suisse, are attracting the attention of large hedge funds and distressed debt investors, who are buying them up at discount prices, according to a report by Reuters.
Wild swings in the bond markets have proved a big problem for Said Haidar with his flagship Jupiter macro hedge fund set to record its biggest-ever monthly loss since its inception over two decades ago, according to a report by Reuters.
Unnamed Reuters sources have revealed that on Friday, the fund was down by almost a third (32%) for the month, taking year-to-date losses to 44%, a sharp reverse for Haidar’s clients who saw their investments return 193% last year.
According to one Reuters source, Haidar, who is known for his highly leveraged strategy, took a big hit on his
Emerging markets hedge funds surged in January, extending Q4 gains driven by rising US rates and continuing generational inflation, according to the HFRI 500 Emerging Markets Index, which jumped +4.9% over the month with gains seen across equity hedge and cryptocurrency exposures.
HFR says EM hedge funds continued to navigate unprecedented uncertainty associated with the ongoing military conflict in Ukraine, with the HFRI EM: Russia/Eastern Europe Index falling -11.9% in December 2022, bringing the Full Year 2022 decline to -40.3%; the Index advanced +2.1% in January to begin 2023.
The investable HFRI 500 Fund Weighted Composite Index, which includes funds
P Schoenfeld Asset Management has added a ‘new’ portfolio manager to its London-based team with the rehiring of Giuseppe Di Mino, who will focus on EMEA and APAC event-driven investment opportunities in the equity and credit markets, according to a report by Alternatives Watch.
Crossover Markets Group, a digital asset trading technology firm focused on the liquidity requirements of institutions in the spot and derivative cryptocurrency markets, has launched CROSSx, an execution-only cryptocurrency Electronic Communication Network.Â
CIFC Asset Management, an alternative credit specialist serving institutional investors globally with over $40 billion in assets under management, has appointed Anna Kunz as a managing director in the firm’s investor solutions group.Â
Focus has never been a more important commodity for hedge fund managers, writes Aani Nerlekar, Senior Director, Solutions Management & Solutions Consulting, SS&C Advent…
