Latest News
Two high-profile credit traders, Hamza Lemssouguer and Sofiane Gharred, helped steer their hedge funds into positive territory by the end of 2022, having at one point earlier in the year seen double-digit declines, according to a report by Bloomberg.
The report cites unnamed sources as revealing that former Credit Suisse Group AG trader Lemssouguer’s Arini Credit Master Fund ended the year up 5.7%, while Gharred’s flagship credit strategy at Selwood Asset Management made 0.14%.
Arini was down as much as 16% through September, while Selwood’s flagship fund declined 15% during the first half as short-term credit spreads jumped.
Oasis Management, an activist hedge fund based in Hong Kong, has acquired a 5% stake in The restaurant Group, the casual dining and pub operator and owner of the UK-based, Japanese food-inspired restaurant chain Wagamama, according to a report by the Financial Times.
The report cites a company filing as revealing that Oasis, which owns 423 venues across the UK, including the Mexican themed Chiquito restaurant chain and Italian-American themed Frankie & Benny’s, in November last year.
Oasis has a track record of agitating for change in UK businesses having at one point acquired nearly a fifth of the shares
Canadian hedge fund firm Waratah Capital Advisors managed to generate positive returns on most of its products in 2022, including its flagship equity funds, despite its biggest hedge fund posting its first ever annual loss, according to a report by Bloomberg.
The report cites an investor letter as revealing that the Waratah Performance fund, which employs a long-short strategy focussed on North American stocks and has returned 220% since inception, finished the year with a 1 per cent loss, its first negative return since launching in 2010.
Waratah One and Waratah One X, the Toronto-based firm’s two flagship funds meanwhile,
Cryptocurrency derivatives exchange Deribit has selected multi-asset class trade surveillance and market risk solutions provider Eventus’ Validus platform to provide market abuse monitoring on the exchange.
Headquartered in Panama City, Panama, Deribit is the world’s largest cryptocurrency options exchange by volume and open interest, with approximately 90% market share in Bitcoin and Ether options. The exchange also offers select futures on cryptocurrencies.
Deribit Chief Legal, Compliance & Regulatory Officer David Dohmen said the exchange considered several trade surveillance systems in anticipation of operating under the Virtual Assets Regulatory Authority in Dubai and as Deribit looked to expand into additional
The Alternative Credit Council, the global representative body for private credit fund managers and an affiliate of the Alternative Investment Management Association, has appointed Deborah Zurkow, Global Head of Investments at Allianz Global Investors, as its new Chair.
Commodities specialist Damien Bombelli is to join Eisler Capital in a move that could help the London-based hedge fund boost a less profitable part of its business as it continues to transition to a multi-strategy investment firm, according top a report by Reuters.
The report cites an unnamed source and a regulatory filing as confirming that Bombelli, who has worked at investment firms and banks including Millennium Capital Management and JP Morgan Chase & Co, is to join the $3.5 billion firm. His role will allow him to deal with client funds, according to the website of UK regulator the
London-based hedge fund Eisler Capital has made a key hire as it continues its transformation into a multi-strategy investment business with the appointment of former Goldman Sachs partner Alain Marcus to lead trader recruitment, according to a report by Bloomberg.
BTIG, a specialist in institutional trading, investment banking, research and related brokerage services has launched the Tactical Hedge Fund Group with key hires Bella Brandon, CFA and Zoe Henderson. Brandon and Henderson both join the team as managing directors and will be based in BTIG’s London office.
Brandon brings over 10 years of industry expertise to the firm. Most recently, she was managing director and co-head dynamics team at Panmure Gordon where she was responsible for building out the firm’s pan-European and US content, trading & sales trading effort. Prior to that, she was at Olivetree Financial Group, an equities
Hedge funds lost a combined $208 billion of client cash last year, marking the biggest single-year decline for the industry since the global financial crisis of 2008, when combined losses totalled $565 billion, according to a report by Reuters.
The report cites research by LCH Investments, a fund of funds firm that tracks returns and is part of the Edmond de Rothschild Group, as showing that the overall losses came despite some firms, including Ken Griffin’s Citadel, chalking up bumper gains.
Citadel made a record $16 billion profit investors last year – the largest ever annual gain for a hedge
Alternative data specialist QuantCube Technology has launched QuantCube CPI nowcast indicators for Brazil and China. The new indicators, which quantify the Consumer Price Index at a country level in real-time, are available on the QuantCube Macroeconomic Intelligence Platform.Â
