Latest News
The Managed Funds Association, a representative body for the alternative investment industry, has submitted a written response to the Financial Conduct Authority’s consultation paper on Sustainability Disclosure Requirements (SDR) and investment labels, expressing its support for the objectives but calling for greater clarity around how the rules will apply.
Jensen Partners, an executive search form focussed on the alternative investment management industry has opened a new office location in Miami, Florida, as part of its wider commitment to expand client relationships and access to talent pools in growing financial hubs around the world.
The office at 1200 Brickell Avenue, located in the heart of Miami’s business and financial district, will be the firm’s fourth office in addition to existing offices in New York, London and Hong Kong.o
Since 2020, Jensen Partners has reported notable progress in diversity, equity and inclusion (DEI) recruitment initiatives across alternative investment management firms. In
BNY Mellon has launched a new outsourced trading offering for buy-side institutions globally, including asset managers and asset owners. The offering by BNY Mellon Capital Markets, LLC will be powered by xBK, the buy-side trading division that executes more than $1 trillion in volumes on average annually for the company’s Investment Management franchise.
BNY Mellon says the comprehensive, global multi-asset trading service will give clients “significant opportunities for operational and strategic efficiencies, savings and expansion”.
The outsourced trading offering provides: coverage of all major asset classes, with the ability to transact across most global markets, supports more than 150 investment
Lazard Asset Management has appointed Jennifer Ryan as Managing Director and Head of North American Distribution, effective immediately. Based in New York, Ryan joins from BlackRock where she held leadership roles in both the firm’s US and UK Institutional Client Businesses.Â
London-based hedge fund Man Group has continued its recent hiring spree with the appointment of Matthew Giordmaina as the firm’s new head of of reconciliations, investment operations, according to reports.
Teleios Capital Partners, an activist hedge fund based in Zug, Switzerland has upped its stake in Irish housebuilder Glenveagh Properties from 16% at the end of last year, and now has a 18.6% holding in the business, according to a report by the Irish Times.
Teleios’ acquisition of additional Glenveagh shares comes just as Singaporean sovereign wealth fund GIC, one of the main backers of the company’s IPO back in 2017, has cut its stake by a third in recent weeks to 6.3 per cent, having sold 21.7 million shares so far this year at an average 7% discount to
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
Special Reports
FeatureD
- Insight
