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Qube Research & Technologies, a hedge fund that was spun out of Credit Suisse Group in 2018, is planing to boost its multi-strategy investment business by allocating hundreds of millions of dollars to external money managers, according to a report by Bloomberg.
The report cites unnamed sources as revealing that Qube, which has grown to an $11 billion business since going independent with $1 billion in assets five years ago, is planning increase its roster of external managers from 12 or so currently to around 50 by the end of the year. The firm typically allocates between $50 million and
Munro Partners has appointed Qiao Ma to the newly created role of portfolio manager. She will be based in the firm’s Melbourne office and report to chief investment officer Nick Griffin.
Goldman Sachs’s head of emerging markets rates Amir Fais trading has announced he is leaving the firm after 15 years to start a ‘new part’ of his career, which will reportedly see him take a up a role with a hedge fund, according to a report by eFinancial Careers.
Fais hasn’t yet revealed which firm he will be joining, although the report says ‘multiple sources’ have confirmed that his next destination will be a hedge fund.
Fais was made MD at Goldman in 2013 and was mentored by Kunal Shah, Goldman Sachs’ head of emerging markets trading, who was promoted
Multi-asset prime brokerage Invast Global has bolstered its sales team with the appointment of Tiffany Besnard as the Director, Head of Hedge Fund Sales (APAC). Besnard is based out of the firm’s Sydney office.
South Korean activist investor the Korea Corporate Governance Improvement Fund, is to sell its 6.92% stake in Osstem Implant Co to a consortium of private equity firms looking to gain control of the dental implant specialist, according to a report by the Korea Economic Daily.
Global hedge funds recorded a 2.8% gain in January, but expectations of a continued bear market meant industry performance lagged broader stock market indices over the month, according to the latest performance data from HFR.
All four major hedge fund strategies ended the month higher, led by equity hedge funds with a 4.24% gain, a notable turnaround for a category that posted major losses in 2022.
By comparison, the Nasdaq recorded its best January performance since 2011 with a 10.7% gain, while the S&P 500 advanced 6.18% over the month.
The investable HFRI 500 Fund Weighted Composite Index jumped +2.5%
Hedge funds and distressed debt specialists are scooping up Adani Group’s dollar bonds, while traditional asset managers are ditching their holdings on the back of short-seller Hindenburg Research’s damning assessment of the business, according to a report by Bloomberg,
Activist hedge fund Third Point owns a stake in Salesforce Inc, the software company currently facing pressure from four other activist investment firms to make changes at board level, according to a report by Reuters.
Brazilian hedge fund manager SPX Capital is taking a leading role alongside other asset management firms in restructuring negotiations on behalf of a group of investors holding local bonds of troubled retailer Americanas SA, according to a report by Bloomberg.
Broadridge Financial Solutions has formed a strategic partnership with analytics solution provider Point Focal to bring Point Focal’s alternative data-driven quantitative insights to NYFIX, Broadridge’s order-routing network platform.
Broadridge’s NYFIX clients will now have access to automated reports that combine relevant data, visual analytics, and Natural Language Processing (NLP), and custom portfolios and watch lists, built from Point Focal’s aggregated, vetted, alternative data, delivered in digestible and actionable summaries.
Current reports from Point Focal that will be available on NYFIX include a pre-market report of recent news activity and sentiment scores, earnings recaps and outlooks; a post-market report summarising portfolio
