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Sam Bankman-Fried, the founder of failed crypto currency exchange FTX and trading firm Alameda Research, has been arrested in The Bahamas at the request of the US government, according to a statement by Attorney General of the Caribbean country.
Ray Dalio, the billionaire founder and former boss of hedge fund Bridgewater Associates, has teamed up with Hollywood filmmaker James Cameron to acquire an equity stake in a company that makes submarines for ultra-wealthy clients, according to a report by the Financial Review.
Dalio, who announced recently that he had given up control of the world’s largest hedge fund, having founded the firm back in 1975, is now part-owner of Triton Submarines, a Florida-based company that specialises in submersibles for the super-rich.
Financial details of the deal have not been revealed but Dalio, who already owns four submarines, now owns
Hedge funds and other money managers continued selling petroleum positions for the fourth consecutive week during the seven days ending 6 December as the price cap on Russian oil came into effect, according to a report be Reuters.
RBC BlueBay Asset Management has appointed Haris Nikitakis as senior risk manager. Based in London, Nikitakis will work alongside senior risk manager, Francesco Gessa running the Portfolio Risk Management team.Â
PGIM Quantitative Solutions , the quantitative and multi-asset solutions specialist of PGIM, has grown its London-based team with the appointment of Roy Martins as chief business officer for the PGIM Wadhwani investment platform.Â
Dalma Capital Group, a global alternative investment management platform and advisor, is to acquire The Global CIO Office, an independent, outsourced chief investment officer services business with a global network of investment professionals.
The Global CIO Office will become the Dalma Global CIO Office, completing Dalma Capital’s service offering and creating a full-service integrated platform for funds, investment banking and wealth advisory.
The Dalma Global CIO Office will operate as a segregated arm of Dalma Capital and provide professional clients with independent advice and portfolio management expertise. It will initially service clients with a minimum account size of $50 million.
SteelEye, a compliance technology and data analytics firm, has strengthened its customer engagement and commercial functions with the appointment of Christopher Pennington as chief revenue officer.
Pennington is a seasoned commercial leader with over 30 years of experience in big tech, having held senior roles at both Microsoft and Google. He joins SteelEye with a proven track record of driving high-growth sales organisations. At SteelEye, he will be responsible for all commercial revenue streams, focusing on delivering high-value and impactful propositions to clients.
Pennington will report to SteelEye’s CEO, Matt Smith, and will join the company’s executive management team.
S64, a provider of private markets access solutions for private wealth, has appointed Rakesh Pabari as head of investment advisory and fund selection. The appointment follows a series of strategic hires earlier this year including Venkata Kota as head of client solutions and Richard Marland as head of operations and fund governance.
Belstar Management Company, a global credit investment firm, has launched a new flagship credit fund, Belstar Credit Opportunities Fund, to invest across liquid and private credit opportunities, including both corporate and structured credit assets, globally.
Arrow Global Group, a vertically-integrated European fund manager in credit and real estate, has appointed Charlotte Gilbert as the Group’s managing director for client and product solutions.
