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Galapagos Capital, a hedge fund based in São Paulo, Brazil, is to recruit a six-strong team to support the launch of a new US-registered macro fund focused on emerging markets in 2023, according to a report by BNN Bloomberg.
US Department store operator Kohl’s is on course for a new showdown with hedge fund investors including Macellum Capital Management LLC and Ancora Advisors after deciding against selling much of its real estate assets and then leasing them back, according to a report by Reuters.
Macellum and Ancora are among a group of hedge funds that are keen to see Kohl’s return money to shareholders via a real estate sale-leaseback deal and have launched challenges over the past two years that have seen three newcomers joining the company’s board.
The report cites Morningstar analysts as saying that with Kohl’s shares
Digital-asset brokerage Genesis is looking to raise funds for its lending unit, having warned that it may have to file for bankruptcy if it fails secure additional financial backing, according to a report by Bloomberg.
Options Technology, a Capital Markets services provider, has completed its 100Gb core network upgrades across all major London colocation sites. Options’ clients now benefit from the lowest-latency fixed line routes available, alongside connectivity access to all major liquidity hubs in London through diverse and resilient routes powered by Hollow-core fibre technology.
Options facilitate access to hundreds of exchanges and markets worldwide, offering highly resilient and performant global colocation and connectivity services. This further reduction in latency and the vast increase in capacity reaffirms Options’ commitment to expanding its services with a host of newly available routes and latency profiles across the
Societe Generale is to merge large parts of its equities business with AllianceBernstein, with the companies having agreed to merge their cash equities trading and research units in a joint venture, according to a report by Bloomberg.
Britannia Financial Group has expanded Britannia Global Markets Limited’s Prime Brokerage offering, to include the trading of FX, index and commodity CFDs. The new offering will be supported by several technology platforms, including Lucera, PrimeXM, MetaQuotes and MaxxTrader.
The coming year could bring a strong launch market, with new funds and emerging managers coming to light. This could lead to an interesting dynamic as the prime brokerage industry continues to change and evolve. Will these new launches have a hard time finding a pb home?
Microsoft has replaced Amazon.com as the favourite long position for hedge funds, according to a report by Dow Jones Newswires, with Goldman Sachs analysis revealing that 82 funds now have Microsoft as a top ten portfolio holding.
Su Zhu, co-founder of failed cryptocurrency hedge fund Three Arrows Capital (3AC), believes that the collapse of Sam Bankman-Fried’s FTX empire could set the cryptocurrency back by up sebve or eight years, according to a report by Bloomberg.
Private wallets and self-custody are becoming increasingly popular with hedge funds in the wake of the collapse of cryptocurrency exchange FTX which highland the risks of relying on a single venue for trading, according to a report by Financial news
The report cites Anatoly Crachilov, chief executive of Nickel Digital Asset Management, as saying that his firm is seeing lower trading volumes across all trading venue as investors are “derisking” their positions.
The demise of FTX, which filed for bankruptcy on 11 November, has exposed a raft of weaknesses in the current crypto ecosystem, including high levels of leverage on
