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Strix Leviathan, a quantitative investment firm providing investors with actively managed exposure to the digital asset ecosystem, has appointed Matthew McBrady, PhD, as head of strategy. McBrady will advise on the firm’s trading and investment strategies and oversee future growth plans.
McBrady brings nearly 25 years of experience as an investor, academic, and economic policy advisor. As an investor, he most recently served as CIO of BlackRock’s multi-strategy hedge fund, a $1.5 billion fund he helped build and run beginning in 2014.
Prior to that, he served as Managing Director and Head of Investment Strategy and Risk Management at alternative
The SS&C GlobeOp Forward Redemption Indicator for October 2022 measured 2.35%, down from September’s figure of 2.67%.
The Indicator represents the sum of forward redemption notices received from investors in hedge funds administered by SS&C GlobeOp on the SS&C GlobeOp platform, divided by the AuA at the beginning of the month for SS&C GlobeOp fund administration clients on the SS&C GlobeOp platform.
“SS&C GlobeOp’s Forward Redemption Indicator for October 2022 was 2.35%. Higher than the record low of 1.56% reported a year ago, though still better than the long-term average for October redemption notices,” said Bill Stone, Chairman and Chief
Despite tough market conditions leading to job cuts in some sectors of the financial services industry, UK hedge funds are still on the lookout for top talent, according to a report by Financial News London. And the they’re spreading the recruitment net wide with ‘shopping’ lists that include everyone from technology graduates to portfolio managers.
Philip Morris International (PMI) has tabled an improved “best and final” offer to acquire smokeless tobacco specialist Swedish Match AB, after investors including activist hedge fund Elliot Management indicated they were unhappy with the original proposal, according to a report by Euronews.
Marlboro maker PMI has upped its all-cash buyout bid for the Stockholm-based firm by 9% to 116 Swedish crowns per share from 106 crowns per share, although the total value of the offer is relatively unchanged due to the recent appreciation in the value of the US dollar against the Swedish krona.
In July, Bloomberg revealed that Elliott
Billionaire investor Daniel Oct has been accused of “mismanagement” as his hedge fund firm, then known as Och-Ziff, “deteriorated” forcing his successors to spend years stabilising the Wall Street firm, according to a report by Bloomberg.
The report cites court filings as revealing that lawyers allege that Och’s handling of a 2016 African bribery scandal involving the firm, which subsequently rebranded as Sculptor Capital Management Inc, damaged its business and balance sheet. The court proceedings are part of a legal dispute over whether Och can get access to the firm’s internal files.
Och, who’s is one of Sculptor’s biggest shareholders,
A group of hedge funds have told a UK judge that Argentina had a “propensity” to manipulate economic data to save billions of dollars. The accusation came as part of court case linked to payments the four funds are due on instruments linked to Argentina’s GDP, according to a report by Reuters
Palladian Partners, HBK Master Fund, Hirsh Group and Virtual Emerald International Limited, first filed their suit in 2019, claiming Argentina owed payments linked to euro-denominated securities linked fating back to 2013. The funds are seeking damages of up to €643 million at London’s High Court basing their case
Ultimus LeverPoint Private Fund Solutions, a tech-driven private fund administrator, has appointed Scott Trimble as Senior Vice President of Business Development.
Digital asset investment products saw outflows totalling $5 million last week in a continuation of the current period of investor apathy that dates back to September, according to the latest Digital Asset Fund Flows Weekly report from CoinShares.
Investment product volumes which were $758 million, the lowest since October 2020, are far off the average of $7 billion a week seen at the same time last year.
Bitcoin saw minor inflows of $4.6 million for the sixth consecutive week while short-bitcoin investment products saw outflows of $7.1 million.
Ether meanwhile, saw minor outflows for the third consecutive week totalling US$2.5m bringing
As a result of the volatility and positioning for generational inflation and increased likelihood of an economic recession, institutional investors withdrew an estimated $26.0 billion from hedge funds in Q3 2022, according to the latest HFR Global Hedge Fund Industry Report.
Hedge fund Citadel and market maker Citadel Securities have doubled their combined headcount in Europe to roughly 750 since the start of 2019, according to a report by Bloomberg.
The report cites a spokesman for the company as confirming that London, with about 700 staff, remains Citadel’s biggest European hub but that its centres in both Dublin and Zurich are also expanding. Citadel’s office in Paris is also reported to be on the actively searching for new talent.
Citadel, headed by billionaire investor Ken Griffin, currently employs about 4,200 people globally and is benefiting from the recent trend of trading
