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Dynamic Beta investments (DBi), a New York-based hedge fund advisory firm and asset manager and a partner of the iM Global Partner (iMGP) asset management network, has surpassed $2 billion in assets under management (AUM).
iMGP DBi Managed Futures Strategy ETF (DBMF), which launched on 8 May, 2019, has grown from $60 million at start of 2022 to the largest Managed Futures ETF in the industry at over $1 billion as of 13 October. DBMF seeks to replicate the pre-fee performance of a proprietary universe of leading managed futures hedge funds and outperform through fee/expense disintermediation.
iMGP DBi Hedge Strategy
LPA, a financial markets software and advisory firm, has appointed Matthias Schulz as chief technology officer (CTO) to oversee the development of LPA’s technology stack.
Schulz joins LPA with a wealth of experience, having previously held positions at ITERGO, Solera, Ingenico and ING.
Having led large technology teams and transformational projects, Schulz will lead all of LPA’s engineering efforts going forward, and play a key role in helping LPA accelerate the transformation of financial markets through next-generation technology.
Activist investor Starboard Value is pushing Splunk Inc to make changes aimed at boosting its share price after building a nearly 5% stake in the software company, according to a report by Reuters.
The report cites an unnamed source as revealing that Starboard’s Chief Executive Officer Jeffrey Smith plans to discuss the activist hedge fund’s investment at Tuesday’s 13D Monitor Active-Passive Investor Summit.
Splunk recently added two directors to its board, including a partner from Hellman & Friedman, a private equity firm that owns about 7.8% stake in the company.
Starboard, which is known for its operational expertise, also recently
While markets have rallied in the past week, the Federal Reserve’s rhetoric at last month’s Jackson Hole summit makes a pivot on interest rates seem unlikely. So, despite recent gains, investors are understandably sceptical about a headlong dash back into equities.Â
Hedge fund Light Street Capital Management has joined the growing club of stock-picking hedge funds chalking uo big losses, with the fund now down by 50% so far in 2022, according to a report by Bloomberg.
The report cites unnamed sources as revealing that the fund, founder by Glen Kacher was down 6.7% in September alone, with all six of its largest US stock picks, as of the end of June, having fallen by over 27% by the end of September.
Software company Expensify Inc, caused the biggest loss with its stock tumbling by 66%, while Datadog Inc and Cellebrite
The Invesco Bond Fund saw a significant increase in short interest during September to 12,000 shares at the end of the month, up by 263.6% from the 15 September total of 3,300 shares, according to a report by MarketBeat.
Based on an average daily volume of 25,600 shares, the short-interest ratio is currently 0.5 days.
Several large investors have recently modified their holdings of the business. UBS Group AG grew its stake in Invesco Bond Fund by 2.0% during the second quarter and now owns 42,975 shares of the financial services provider’s stock valued at $699,000 after acquiring an additional
Sir Michael Hintze the billionaire founder of hedge fund CQS and longtime Conservative Party donor, is to take up a seat in the House of Lords after King Charles III approved a recommendation from Boris Johnson to grant the 69-year-old a life peerage, according to a report by the Financial Review.
Some of Brazil’s largest hedge fund managers say they are feeling more optimistic about the prospects for the country’s economy following the first round of voting in the Presidential election, according to a report by Bloomberg.
The 2 October revealed a closer gap between front-runner Luiz Inacio Lula da Silva and incumbent Jair Bolsonaro than many had been expecting which, coupled with the strong performance by right-wing parties in the country’s Congressional elections, has left some managers feeling that a major turnabout in the fortunes of Latin America’s largest economy is now less likely.
The thinking is that if elected,
Merger arbitrage hedge funds, which bet on the likelihood of corporate mergers and acquisitions closing, could benefit from the relentless rise of the dollar against the the yen, the euro and sterling, according to a report in the Financial Times.
The strength of the dollar has boosted the buying power of investors with Greenback funding allowing them to potentially acquire foreign companies for lower cost than previously. One private equity executive even went so far as to state recently that “everything in the UK is on sale”.
The report quotes Pierre di Maria, head of event-driven at Cheyne Capital in
Invast Global has appointed Stephen Tudjman as Global Head of Legal and Compliance. Tudjman joins from AUSIEX, where he was Head of Legal and Governance. Prior to this role, Tudjman held senior legal positions across the financial services industry including General Counsel, MLC and NAB Wealth and as Senior Legal Counsel for AMP.
Tudjman was also a consultant for Ashurst, where he advised a range of key Australian financial services institutions on compliance, regulatory obligations and management of regulators.
Tudjman joins the Legal and Compliance team in Sydney effective immediately.
