Latest News
Global investment firm Cambridge Associates has expanded its executive leadership team with the appointments of chief data officer Harinder Soin and head of corporate strategy Adam Lester.
Soin reports to Jason Roberts, chief technology officer and Lester reports to the firm’s chief executive officer, David Druley.
As chief data officer, Soin is focused on implementing and overseeing the firm’s data strategy, governance, and execution. He joined Cambridge Associates in 2016, bringing with him more than 20 years of experience in leading enterprise data architecture and designing IT applications and client reporting solutions in the investment management industry. He became the firm’s first chief
Lance Fritz, the chief executive officer of US railway company Union Pacific, has announced he is to step down this year after hedge fund Soroban Capital Partners called for the firm to appoint new leaders, according to a report by Reuters.
Millennium Management has appointed Robert Wininger as global head of HR product management and reporting in its New York office, according to a report by eFinancial Careers.
The Federal Communications Commission has ordered a hearing on hedge fund Standard General LP’s proposed purchase of broadcaster Tegna Inc, a move that could cause the $5.4 billion deal to collapse completely, according to a report by Bloomberg.
More than $145 billion has been wiped from the value of Gautam Adani’s business empire in the month since US short seller Hindenburg Research first accused the company of stock market manipulation and accounting fraud, according to a report by the Financial Times.
Intercontinental Exchange, a provider of data, technology, and market infrastructure, has reported record open interest across its global commodities and energy futures and options markets.
Digital assets prime brokerage FalconX, whose clients include financial institutions, hedge funds, and asset managers, has expanded its service offering into Singapore with Matt Long joining the firm as general manager and Ave King as chief compliance officer, both based in the city state.
Swarm, a regulated blockchain platform, has launched the world’s first on-chain investment offering for Apple, Tesla, and two US Treasury Bond ETFs. The fully asset-backed tokens are available on the Polygon blockchain for both retail and institutional investors, with no minimum investment.
Swarm says this is the first service of its kind for investors looking to access real world assets using digital blockchain technology, while meeting full regulatory requirements.
Hedge funds and institutional investors can now access stable and secure global markets 24/7 through Swarm.
The token offering initially includes AAPL and TSLA stock, iShares US treasury bond 0-1 year
Struggling money manager Janus Henderson is looking to hedge fund and private credit investments as part of a strategy to revive its fortunes having seen investors withdraw in the region of $130 billion of funds since 2017, according to a report by Bloomberg.
Staff at Bridgewater Associates are top of the league when it comes to employee perks, according to data from Levels.fyi, with the firm spending $21,414 per year per employee on a range of benefits including free meals, pension contributions and health insurance.
Bridgewater is significantly ahead of the next two biggest spenders assessed by Levels.fyi, Jane Street at $16,544 per person per annum, and third placed Citadel, with a $16,170 annual spend.
The fourth hedge fund firm in Levels.fyi’s rankings is Two Sigma with a significantly lower spend of $6,174 per person.
Bridgewater’s bumper benefits package includes health, life and
