Latest News
Activist hedge fund Starboard Value is calling on Salesforce to capitalise on its market-leading position and increase margins, having acquired a significant stake in the cloud software specialist, according to a report by the Financial Times.
Shares of Salesforce have slumped by around 40% so far in 2022 – double the drop seen by rival from Oracle over the same period – on the back of what Starboard attributes to be a “subpar mix of growth and profitability”.
Salesforce shares closed up more than 4% on Tuesday when news of Starboard’s stake broke.
The $8.4 billion New York-based fund, which
The US Securities and Exchange Commission’s (SEC) drive to increase transparency and competition in the hedge fund industry is ultimately aimed at reducing the fees paid by investors, according to a report by Reuters.
The report quotes William Birdthistle, director of the Division of Investment Management at the SEC, as saying that increased competition and transparency will lead to lower fees and better liquidity arrangements, “with fees going down that will mean more money going to end investors.”
Birdthistle, who was speaking at a Managed Funds Association conference in London, referenced a new set of rules that the SEC initially
Intercontinental Exchange, a global provider of data, technology, and market infrastructure, and home to the most liquid markets for trading FTSE derivatives, is to launch a FTSE 100 Index Total Return Future (TRF) on 14 November, 2022, subject to regulatory approval.
The ICE FTSE 100 Index TRF seeks to replicate the theoretical returns on a FTSE 100 index total return swap in a more cost-efficient and transparent way, allowing participants to manage or gain exposure to the FTSE 100 index, including its market and dividend risk, without owning the cash underlying.
The TRF contract enhances ICE’s FTSE Index franchise, which
The latest JPMorgan Chase & Co Treasury client survey has revealed that hedge funds were net buyers of Treasury futures exposed most to interest-rate risk in the week ending 11 October, according to a report by Bloomberg, acquiring a total of 25,000 10-year note futures equivalents.
Having added to short bets in the two previous weeks, asset managers added to net long duration bias for the third week in a row, by around 18,000 10-year note futures equivalents.
Most hedge fund activity was seen across long-bond and ultra-long bond futures, with net short positions being cut by a combined $5.8
HS Group, one of the largest providers of long term capital to alternative asset management firms, has formed a strategic partnership with sustainability focused asset manager, Mercator Partners.
Ebury, one of Europe’s largest fintechs and a global provider of transaction payment solutions, has established a branch in Luxembourg, registered under CSSF regulations to support managers in the alternative investments sector.
Assets under management at Man Group fell to $138.4 billion at the end of September, down from $142.3 billion on 30 June, in what it the company describes as a “very difficult” quarter for the asset management industry.
Institutional investors and wealth managers expect the current crypto correction to speed up regulation of the sector, according to a new survey by digital assets hedge fund manager Nickel Digital Asset Management.
The Commodity Futures Trading Commission and the Securities and Exchange Commission have launched an investigation into whether crypto hedge fund Three Arrows Capital, which filed for bankruptcy back in July, misled investors, according to a report by Bloomberg.
Boston-based asset manager Acadian has secured its first US institutional investor in its Sustainable Global strategy, with a seed investment from sustainability-focused allocator McKnight Foundation.
Acadian has long been active in the ESG space and was the first systematic investment manager to sign the UN PRI in 2009. Acadian has been managing dedicated Sustainable portfolios since 2005. Other responsible investing solutions include the Emerging Markets ex-Fossil Fuel strategy incepted in 2016, as well as a significant portion of assets under management with client-driven ESG tilts—which the firm has been implementing to varying degrees since the 1990s.
The strategy employs
