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Hedge fund Starboard Value is living up to its activist billing by disclosing a major position in a new company for the third time this week, according to a report by Bloomberg.
The latest company to attract Starboard’s attention is Vertiv Holdings, which went public in February of 2020 after a merger with SPAC GS Acquisition Holdings. Starboard has acquired a 7.4% stake in the digital infrastructure provider and is reportedly seeking ‘operational improvements’ a the company.
Starboard, which according to a 13D filing began accumulating its position in Vertiv back in August, has reportedly held talks with the company’s
The gross return of the SS&C GlobeOp Hedge Fund Performance Index for September 2022 measured -2.87%.
Hedge fund flows as measured by the SS&C GlobeOp Capital Movement Index, meanwhile, declined 1.04% in October.
“SS&C GlobeOp’s Capital Movement Index was -1.04% for October 2022, indicating net outflows from funds. This result was in line with longer-term averages for October but represents a decrease from the 0.11% gain reported a year ago,” said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies. “Since the outbreak of COVID-19, hedge funds have enjoyed strong asset retention, with net capital flows running at or near
Virtus Investment Partners, which operates a multi-boutique asset management business, is to acquire AlphaSimplex Group, LLC, a manager of liquid alternative investment solutions with $10.9 billion of assets under management, from Natixis Investment Managers.
AlphaSimplex is a provider of systematic alternative investment solutions for institutional and individual clients. Its offerings are designed to adapt to changing market dynamics and provide the potential for positive, uncorrelated investment returns even through the market’s most challenging periods. Among its strategies is its flagship trend-following managed futures strategy offered via the 5-Star Morningstar Rated $3.5 billion AlphaSimplex Managed Futures Strategy Fund (ASFYX), which is
Broadridge has appointed Stephen Johnston as Managing Director, Client Delivery Operations for Broadridge Fund Communication Solutions (FCS). Johnston will be responsible for all of the client servicing operations of the Fund Communication Solutions business, with Service Leads as his direct reports, and will be supported by FCS’s teams that span Ireland, UK, India and Poland.
The Alternative Investment Management Association (AIMA), a global representative for the alternative investment industry, and its private credit affiliate, the Alternative Credit Council (ACC), has welcomed the political agreement on the European Long-Term Investment Funds (ELTIF) Regulation confirmed earlier this week.
The modernisation of the ELTIF framework will lead to a significant increase of investment into the EU economy at a time when traditional sources of financing are becoming more challenging for businesses to access.
The new rules will make it easier for asset managers to launch products that cater to both institutional and retail clientele with additional
How a constantly evolving mix of hybrid and remote working, longer notice periods, changing salary structures, incentives, and company culture is potentially retooling hedge fund talent development…
With so much of the hedge fund industry tied to performance, market participants acknowledge it is tricky to identify any discernible salary and compensation trends across the investment and trading functions, particularly this year where dispersion in manager returns has been pronounced. At the same time, the size and significance of the management fee within a traditional hedge fund fee structure is often overlooked, according to some.
Noting how the fee structure-compensation dynamic
Though the latest Preqin data shows that only 7.1% of hedge fund board positions are filled by women, firms are taking greater responsibility and looking to reform hiring processes and offering educational opportunities to improve diversity, equity and inclusion…
Over the past 18 months, DEI has become central to conversations around hiring, specifically in relation to severely underrepresented industries such as hedge funds.
More than ever, hiring managers are aware of subconscious and unconscious biases, both of which can lead to creating teams that lack diversity.
“There’s a science that has developed around decision making to optimise it and get
With hedge funds increasingly using alternative data and algorithms to help unearth investment ideas, and cryptocurrencies continuing to garner interest, computer coding, data science and AI expertise are now in high demand across strategies…
Tech-based expertise is now a key battleground in hedge fund staffing, expanding far beyond the computer-based quantitative space in recent years, as managers running traditional fundamental and discretionary-focused strategies also look to draw on the alpha-generating opportunities offered by the avalanche of alternative datasets and algorithm processes in the hunt for yield.
From probing credit card data to inform retail stocks’ performances to using satellite imagery
Hedge funds say securing the best expertise is growing tougher as more new entrants join the industry, with multi-strategy platforms and larger managers ramping up recruitment and economic turmoil squeezing the sustainability of some firms…
BirchLane Capital, a London-based hedge fund set up by former JPMorgan credit trader Fajr Bouguettaya, is returning all capital to investors just two years after commencing operations, according to a report by Bloomberg.
