Latest News
Hedge funds will continue to sell gold rallies and maintain an overall bearish outlook on the precious metal until the US Federal Reserve provides more clarity on the pace of its tightening cycle, according to a report by KitCo.
Eric Sturdza Investments, an independent asset management firm that provides actively managed strategies to institutional and wholesale clients, has partnered with Boston-based Crawford Fund Management to launch the Strategic Long Short Fund.
The Strategic Long Short Fund is a long-short equity fund that benefits from a unique combination of fundamental equity analysis and options analysis.
The fund’s long portfolio focuses on ‘undiscovered, underfollowed’ securities with a strong emphasis on owner-operated companies, where management’s incentives and compensation are closely aligned with investors. The short book relies on two well-honed strategies: hand-picked, single-name put options on young companies with unproven business
Neuberger Berman has launched the Neuberger Berman Event Driven Fund, a UCITS vehicle which will be run by an experienced senior portfolio investment team with 23 years of average experience.
Prometheum, a FINRA and SEC regulated digital asset securities platform, has appointed Anoop Datta, the former Global Head of E-Trading Risk Management and Strategy at Goldman Sachs, as Chief Operations Officer of Prometheum ATS platform.Â
TraditionDATA, the data and information services division of Compagnie Financière Tradition, has launched a range of new foreign exchange (FX) data packages providing clients with access to a wider range of data and analytics.Â
Funds-of-funds remain the investor type most likely to negotiate side letters with hedge fund managers according to the latest Hedge Fund Side Letter study from Seward & Kissel, accounting for over half (51%) of all such arrangements agreed in the period from 1 July 2021 to the end of July 2022, but down slightly from the 54% seen 12 months ago.
Greater institutional buy-in and anticipated regulatory oversight will support the continued growth of cryptocurrency investing. As the asset class becomes a more mainstream alternative, investor demands for fund performance and secure, professional, timely services will rise.
Macro hedge fund LHG Capital Management has closed its newly structured closed-ended flagship fund, LHG Premium Investments Fund, at €450 million, 50% higher than the original €300 million target.
US hedge fund Davidson Kempner Capital Management is to lose the services of Risto Koivula, one of Europe’s most senior merger arbitrage specialists and a partner at the firm, according to a report by Bloomberg.
Bin Zou, a former executive director of FX and Rates systematic trading strategies at Goldman Sachs has taken up the position of macro quantitative researcher at hedge fund ExodusPoint, according to a report by eFinancial Careers.
