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Apex Group, a global financial services provider, has selected the Enfusion platform to enhance the delivery of middle-office services to its global fund administration client base. Enfusion is a provider of cloud-native software-as-a-service (SaaS) solutions for hedge funds and asset managers.
Apex Group will utilise Enfusion’s software for cash and position reconciliation, corporate actions processing and verification, trade affirmation and break resolution, shadow NAV calculations and reporting, and more as part of its middle-office offering.
As a leading multi-asset class front-to-back-office SaaS platform, Enfusion is a natural fit for the middle-office services Apex Group provides for buy-side institutions such as
Several Brazil-based hedge funds are ramping up their bets against the Columbian peso in anticipation of tough times ahead for their Andean neighbour, according to a report by BNN Bloomberg.
Israel has caught the eye of billionaire hedge fund investor Dan Loeb with the Third Point boss opening a new office in Tel Aviva to target investment opportunities in the country’s booming technology sector, according to a report by Reuters.
The new office is the first international location for the $14 billion New York-based firm and will act as a second hub to its Silicon Valley office in Menlo Park with a focus on data infrastructure, cybersecurity and enterprise software investments. It will be headed up by Sapir Harosh, who joined TPV from Israeli firm Pitango earlier this year.
Third
Activist investor Politan Capital Management (Politan), an 8.8% stockholder of Masimo Corporation (Masimo), has filed a lawsuit in the Court of Chancery of the State of Delaware against the company and its board of directors in response to attempts by the company to institute a stockholder rights agreement – commonly known as a poison pill.
Politan alleges that many of the Bylaw Amendments adopted by Masimo are unprecedented among publicly traded companies. They require providing information that a nominating stockholder either does not have access to, or is prohibited from disclosing, due to confidentiality obligations.
Politan recently submitted a draft
Seasoned short-seller Jim Chanos, who famously exposed – and profited from – the accounting scandal at Enron, has partnered with London-based Green Ash Partners to launch a new equity long/short hedge fund, according to a report by Bloomberg.
Assets at Polymer Capital Management have hit $4.3 billion following a 65% surge so far this year, bucking a wider industry trend of outflows amid ongoing market volatility, according to a report by Bloomberg.
Crypto hedge fund Edge Capital Management, has raised a combined $66.78 million for a US-based fund and a Cayman Islands fund focused on decentralised finance, according to a report by CoinDesk.
The report cites regulatory filings submitted to the US Securities and Exchange Commission on 19 October as revealing that the Edge DeFi Fund LP has raised about $28 million from eight investors since sales opened on 1 February, while the Cayman Islands-based Edge DeFi Offshore Fund has sold about $38.6 million to six investors since opening for sales at the start of October 2021.
Edge Capital hasn’t set any
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
