Latest News
Macro hedge funds are finding it increasingly difficult to maintain diversified portfolios as escalating tensions in the Middle East drive correlations higher across global markets, according to a report by Financial News London.
Activist hedge fund Saba Capital Management and Cox Capital Partners have launched a cash tender offer to acquire up to 5% of the outstanding shares of Starwood Real Estate Income Trust (SREIT), at a discount of more than 20% of the funds most recent stated value.
SimCorp has launched the Axioma Factor Library Suite, combining fundamental, technical and macroeconomic factors into a unified data resource allowing hedge funds, systematic investors, and asset managers to accelerate customised strategy development.
Multi-strategy hedge fund major Millennium has hired Samuel Krasnik, a former Goldman Sachs quantitative strategist who most recently worked at rival hedge fund Citadel, according to a report by eFinancial Careers.
Multi-strategy hedge fund Brevan Howard has significantly increased compensation for its graduate recruits, lifting starting pay from £90,000 to £150,000 as competition for junior talent intensifies across the sector, according to a report by eFinancial careers.
Bloomberg has expanded its Real-Time News Feeds to allow clients to customise subscriptions, delivering machine-readable news content enriched with advanced analytics, proprietary sentiment models, and granular metadata tagging.
STG Group, a multi-asset trading firm specialising in systematic and quantitative strategies, and an affiliate of quantitative hedge fund Squarepoint Capital, is launching a new electronic market-making business, STG Securities.
Emerging markets could enter a “virtuous feedback loop” as economic conditions increasingly converge with developed economies, even as escalating conflict in the Middle East unsettles global investors, according to DoubleLine Capital.
Hedge fund SummitTX Capital, managing over $3bn in assets, has signed an 11-year lease for the entire 19th floor of 560 Lexington Avenue in New York City, which comprises 17,778 sq ft, a big increase from it’s current 7,000 sq ft at 75 Rockefeller Plaza, according to a report by Commercial Observer.
Jain Global, the hedge fund founded by Bobby Jain, former co-CIO at Millennium, has added a new portfolio manager to its London team – Zhichao Cai, previously a quantitative researcher at Eisler Capital – according to a report by eFinancial Careers.
