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Steve Cohen’s Point72 Asset Management and Ken Griffin’s Citadel are among a number of major hedge funds that the US Securities and Exchange Commission is targeting over the use of personal mobile phones and apps such as WhatsAp at work by certain employees, according to a report by Bloomberg.
Hedge fund industry trade association the MFA has weighed in on one of the investment world’s most closely watched legal cases by backing efforts by activist hedge fund Politan Capital Management to reverse “draconian” amendments to medical device company Masimo Corp’s bylaws, according to a report by Reuters.
Masimo Corp’s new bylaws mean that any activist looking to nominate directors at the company would have to disclose the identities of the fund’s limited partners and future plans to nominate candidates elsewhere, information that is normally closely guarded by hedge funds.
In an amicus curiae, or ‘friend of the court brief’,
CPR AM, a subsidiary of Amundi, has promoted Bastien Druit to head of research and strategy effective, 1 February 2023. Previously, he was responsible for the firm’s Thematic Macro-strategy, a role he held since 2021, having first joined the firm as 2018 as Senior Economist/Strategist, in charge of the US economy and monetary policy monitoring.
The Managed Funds Association, the trade body for the global alternative asset management industry, has presented the inaugural Women’s Investment Leadership Award to three alternative asset management executives – Anne Dinning (DE Shaw Group), Ulrike Hoffmann-Burchardi (Tudor Investment Corporation), and Kim Lew (Columbia Investment Management Company.)
Ether has seen a dramatic rise in sentiment among investors according to the latest digital asset fund manager survey report from CoinShares, with a record 60% of survey respondents now believing it has the most compelling growth outlook of all cryptocurrencies.
Hedge funds, asset managers and banks have called on the European Union to carry out a proper costing of its proposals to make market participants move their derivatives clearing business from London to mandatory accounts based in the EU, according to a report by Reuters.
Three Singapore based hedge funds that made money last year while most of their Asian peers struggled, are looking to China to fuel investment opportunities as they bid to extend their winning runs into 2023, according to a report by Bloomberg.
Dymon Capital’s Dymon Asia Multi-Strategy Investment Fund, Modular Asset Management, and Asia Genesis’ Macro Fund chalked up returns of 5.1%, 14.3% and 15.3%, respectively last year, while a gauge of regional hedge fund fund returns finished 2023 with an 8.3 per cent loss. And all three are looking to China as they position for the year ahead.
Dymon Capital
Union Bancaire Privée has partnered with Brigade Capital Management, to launch a new credit alternative fund on its alternative UCITS platform, U ACCESS (Ireland) UCITS,  the U Access (IRL) Brigade Credit Long Short UCITS which employs a credit long/short strategy.Â
Hong Kong-based value investing specialist Value Partners Group Limited has appointed Sean Chang as co-chief investment officer, fixed income, to work alongside alongside existing co-chief investment Officer, fixed income, Gordon Ip.
CHANG and IP will both be responsible for leading the fixed income team to create and manage high quality investment solutions for our clients. Both of them will report to Louis So, Co-Chairman and Co-Chief Investment Officer of the Group. Chang joins Value Partners from Ping An of China Asset Management (Hong Kong) Company Limited, where he was most recently Head of Fixed Income for the company. Ip will
Zodia Custody, a crypto asset servicing provider for institutional investors and a subsidiary of Standard Chartered, has formed a joint venture with SBI Digital Asset Holdings Co, to establish a Japan-based crypto assets custodian for institutional clients.
