Latest News
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
The European Power Spot Market, operated by EPEX SPOT, started the new year with a record monthly volume of 58.8 TWh, an 8% increase from the same period last year. The 20% growth in the Intraday Markets was supplemented by a 4% increase in Day-Ahead trading.
At 314.3 TWh in January, trading on the EEX Power Futures Market achieved a significant increase compared to December. However, due to the uncertainties on the energy markets, volumes were 20% lower than in the same period last year. Trading in Italian Power Futures (+9%), Belgian Power Futures (+130%), and Dutch Power Futures (+139%)
Global funds services and solutions provider Ocorian has appointed Peter Corry as head of global funds, Luxembourg. Corry joins from IQ-EQ where he spent the last three years as Country Delivery Director for the firm’s Luxembourg operations.
A record of consistently high returns is allowing multi-manager hedge funds to command expenses fees three times higher those charged by their traditional single-manager fund peers, according to a report by Reuters.
Uncertainty over how a recession might hit European corporate debt has prompted Arini, a $2.3 billion hedge fund run by a former Credit Suisse banker, to unveil plans to launch two new credit funds this year, according to a report by Reuters.
BMLL, an independent provider of historical Level 3 data and analytics across global equity and futures markets to banks, brokers, asset managers, hedge funds, academics, regulators and global exchanges, has added Johannesburg Stock Exchange data across equities and ETFs to its offering.Â
FNZ, a global wealth management platform, has agreed to acquire International Fund Services & Asset Management SA, a Luxembourg-based B2B fund platform, serving all types of investment funds, including hedge funds, private equity and venture capital funds.
