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DLD Asset Management, a New York-based investment firm, has expanded its investment strategies with the launch of the DLD Master Fund, a relative value multi-manager platform.Â
Astra Asset Management, a European alternative credit manager and private credit manager, has been selected as the exclusive financing partner to Harland & Wolff, the operator of one of Europe’s largest dry docks in Belfast, Northern Ireland.
Over its 161-year history, Harland & Wolff has been at the forefront of the UK’s offshore and maritime engineering industry. Some of its heritage works include the construction of HMS Britannia and the Myrina; the first UK-made supertanker.
Astra’s executive management team, led by its Founder and CIO, Anish Mathur, will support Harland & Wolff’s strategic growth plans, with the partnership is
The Detroit Policemen & Firemen Retirement System has decided to exit its hedge fund investments according to a report by Pensions & Investments Online.
The report cites official minutes from the pension fund’s investment committee meeting on 19 September as confirming the decision to eliminate the hedge fund class completely from its investment strategy. No reason was given for the change.
The $2.8 billion pension fund’s most recent annual report reveals that as of 30 June, 2021, its target allocation to hedge funds was 5%.
Distributed Ledger Technology (DLT) will bring significant efficiencies to global derivatives markets, but it is not a panacea for all processes, a new report by Acuiti has found.
DLT in Derivatives: Crypto innovation, traditional technology and the market of tomorrow, which was produced in partnership with ION, surveyed or interviewed senior executives at 87 firms from across the crypto native and traditional derivatives market.
The report asks what the future holds for derivatives market structure as innovations and processes developed in native crypto derivatives markets merge with traditional workflows. Participants in the study predicted that DLT will bring major efficiencies
Third Bridge, a global investment research firm serving the world’s largest hedge funds, mutual funds, private equity funds and management consultancies, has been awarded a Silver Medal by EcoVadis, a provider of business sustainability ratings.
Millennium Management has announced a shake-up of its its investment operations that will see chief investment officer Bobby Jain leave the hedge fund giant, according to a report by the Financial Times.
Balyasny Asset Management has become the latest hedge fund to expand operations to Dubai with news that it is to open a new office in the emirate next year, according to a report by Bloomberg.
The report cites an unnamed source as revealing that the $17 billion firm is planning to commence operations in Dubai during the first quarter of 2023 from premises in the ICD Brookfield Place. The new office will initially accommodate 20 people.
Dubai has already attracted some of big-name managers with both Izzy Englander’s Millennium Management, Michael Gelband’s ExodusPoint Capital Management, and Michael Platt’s private investment
HedgeLegal, a law firm dedicated to providing industry best practice negotiation in counterparty documents (ISDA, prime brokerage, futures, etc), has launched a proprietary software platform, TradingDoX, which provides a solution for hedge funds to manage risk, improve operations and optimise legal negotiations through better access and analytics for their trading agreements.
TradingDoX offers both a free light version and a premium version which contains advanced features.
With a focus on streamlining and optimising agreement tracking, TradingDoX provides features such as side-by-side agreement viewing with bookmarked key terms, and the ability to search the contents of all uploaded agreements from a
Hopes that China is on the verge of easing its strict Covid rules have prompted both PineBridge Investments and Man Group to up their holdings in Chinese equities, according to a report by Reuters.
Ireland is now Europe’s most shorted market having overtaken both France and the UK to claim top spot as investors ramp up bets against Irish firms including Dublin-based bookmaker Flutter Entertainment, according top a report by Financial News.
