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Fast-growing private equity firm Catalio Capital Management is to acquire HealthCor, a healthcare-focused equities hedge fund firm founded by veteran healthcare investors Art Chen and Joe Healey.
The former boss of failed digital assets hedge fund Alameda Research and another senior executive associated with Sam Bankman-Fried’s collapsed digital assets empire have pleaded guilty to multiple criminal charges, according to a report by CNN.
The hedge fund industry was up 3.46% in November, according to the Barclay Hedge Fund Index compiled by BarclayHedge, trimming YTD losses to -6.51%, as many funds rode the swell of bullish sentiment in both equity and fixed income markets that continued throughout the month.
Hedge funds cut the their bets on rising US interest rates while upping their bearish bets agains the US dollar ahead of the Federal Reserve’s last policy meeting, according to a report by Reuters.
The report cites Commodity Futures Trading Commission data as showing that speculators now hold the largest net short dollar position since July last yea and the smallest net short position in three-month ‘SOFR’ rate futures since April.
The CFTC data relates to the the week ending 13 December, just prior to the Fed’s announcement of a 50 basis points rate rise with Chair Jerome Powell also
The Managed Funds Association, the trade association for the global alternative asset management industry, has submitted a comment letter to the US Securities and Exchange Commission suggesting several changes to a proposed Treasury clearing protocol.
Cboe Global Markets Inc, a provider of global market infrastructure and tradable products, has appointed Vikesh Patel as president of Cboe Clear Europe, its pan-European clearing house.
Patel, who will join the company in early 2023, subject to regulatory approval, replaces Cécile Nagel, who stepped down from the role in September this year.
Patel has over fifteen years of experience in financial market infrastructure and is joining from SWIFT, where he was most recently Head of Securities with responsibility for leading its securities strategy globally. Prior to joining SWIFT in 2017, Patel was a chief operating officer at LCH, focusing
iM Global Partner, a worldwide asset management network, and Dynamic Beta investments, a New York-based hedge fund replication specialist, have marked the third anniversary of the iMGP DBi Hedge Strategy ETF (DBEH).
There are significant obstacles to further development of the crypto and digital assets industry. But hope comes in the form of improved transparency and multi-party supervision, which are critical to the journey of the space going forward. This can be delivered through a hybrid platform which sees centralised and decentralised finance working together towards a common goal.
Pictet Asset Management has expanded its $11 billion actively managed Total Return franchise with the launch of the Pictet Total Return-Lotus fund, an event-driven, special situations Asia equity fund.
Pictet-TR Lotus aims to capture opportunities in Pan-Asian equities by focusing on short to medium-term corporate catalysts, as well as longer-term secular trends such as China’s restructuring, the growth of South East Asia and the improving corporate governance in Japan.
The strategy invests in three areas: defined catalysts (equity capital market trades, thematic, special situations); pre-event (M&A, divestment/spin-off); and announced M&A. This diversification helps to provide stable, all-weather results in
Activist hedge fund PrimeStone Capital has written to chemicals group Brenntag urging the €9 billion German firm to scrap its proposed merger with US rival Univar Solutions, according to a report by Reuters.
PrimeStone, which holds a 2% stake in Brenntag, believes the deal will be subject to a lengthy anti-trust battle which would wipe out any cost-cutting benefits, and wants the company to consider a range of other options to improve shareholder value including a potential break-up of the business.
The company’s share price lost around 10% on the day news of the proposed merger broke, falling to around
