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Ray Dalio, the billionaire investor who built Bridgewater Associates into one of the world’s biggest hedge funds, is stepping down as co-chief investment officer of the $150 billion firm, according to a report by Bloomberg. Dalio has handed over control of Bridgewater, to a new generation of investors, as the final part of a succession plan.
Dalio has transferred his majority stake to the firm’s board but remains a “meaningful” owner of the fund. His job title has changed from co-chief investment officer, to chief investment officer mentor.
The 73-year-old billionaire investor, who stepped down as Bridgewater’s CEO in 2017 and
Elon Musk’s decision to get his takeover of Twitter back on track could deliver a $255 million profit for Florida’s-based hedge fund Pentwater Capital, according to a report by CNBC.Having a acquired a 2.4% stake in Twitter during Q2 for $725 million, Pentwater Capital, which oversees assets of $5 billion, is one of the social media firm’s largest shareholders.
If the deal between Tesla CEO Musk and Twitter concludes at the original bid price of $54.20 per share, Pentwater’s stake would be worth about $980 million, yielding a $255 million profit.
Pentwater stake was acquired when Musk was signalling he
Global network and Infrastructure-as-a-Service pioneer TNS has partnered with Blue Ocean Technologies (BOT), owner and operator of the Blue Ocean ATS, a global alternative trading system (ATS) that operates from 8:00PM EDT to 4:00AM EDT.
Blue Ocean ATS will leverage TNS’ robust network backbone and dark fibre to accommodate its increasing traffic, automated connectivity, and rapid global growth. Last October, Blue Ocean Technologies implemented its vision within the capital markets industry with the launch of the Blue Ocean ATS, one of the first platforms to provide real-time access and US stock trading capabilities to investors who want to trade outside
Hedge fund Two Sigma’s systematic liquidity provider and trading business, Two Sigma Securities, has joined the Chainlink network as part of its effort to bring its high-quality market data to the blockchain ecosystem.
Two Sigma Securities is contributing its high-quality proprietary data to Chainlink decentralised oracle networks (DONs) to generate tamper-resistant oracle reports.
Two Sigma Securities is contributing its high-quality proprietary data to Chainlink decentralised oracle networks.
Developers in the Web3 ecosystem are now able to access Two Sigma Securities’ premium market data to support a wide range of smart contract use cases that rely on an aggregation of data
The AIMA Hedge Fund Confidence Index (HFCI) measured +25.4 for Q3 2022 – up from +17.8 in Q2 – the highest average confidence score recorded since the HFCI debuted in 2020. The index, which is based on a sample of 389 hedge funds, accounting for approximately $3 trillion in assets measure average confidence in terns of business propspects for the next 12 months.
According to AIMA’s research, UK fund managers with greater than $1 billion in AUM are the most confident, followed by their Asia-Pacific peers and then US-based managers.
On a regional basis, all major global regions posted higher confidence
Claudia Bertolino has been appointed as head of private equity and private credit, fund services at Citco, according to a report by PEHub. Bertolino has over 20 years’ experience at Citco, having held senior positions in client service, accounting and business development.
She served as head of business development at Citco from 2017, and prior to that was head of client service management between 2014 and 2016.
Bertolino, who has also been a member of Citco fund services’ management team for over five years, will be supported in her new role which covers North America, Europe and Asia, by a
Odey Asset Management’s hedge fund has now chalked up a huge 193% return so far in 2022, with the London-based firm founded by Crispin Odey making the most of the UK bond and currency markets turmoil sparked by Kwasi Kwarteng’s announcement of a huge package of unfunded tax cuts, according to a report by Bloomberg.
The report cites an unnamed source as revealing that the fund jumped 25% in September last month on the back of Odey’s long-running short bets against UK government bonds and sterling.
YTD gains are now far in excess of the fund’s previous yearly best –
Divya Nettimi, a former Viking Global Investors portfolio manager who oversaw more than $4 billion at the Greenwich, Connecticut-based hedge fund firm, has become the first woman to launch a hedge fund with more than $1 billion of commitments, according to a report by the Indian Express.
The report cites an unnamed sources as revealing that Nettimi, who left Viking Global last year to strike out on her own, has already begin investing the majority of the cash raised by her new firm Avala Global, with the remainder expected to follow in the first quarter of next year.
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Hedge fund giant DE Shaw & Co is planning to charge up to 40 per cent fees for its three biggest funds, according to a report by Bloomberg. The increase will make the funds the most expensive in the hedge fund industry.
The report cites an unnamed source as revealing that the $60 billion firm, is planning to raise performance fees for its Oculus, Composite and Valence funds by 5 percentage points starting from July. The new fees for the three funds will be 30%, 35% and 40% of profits, respectively, while the fees payable on managed assets will remain
Leucadia Asset Management, the investment arm of Jefferies Financial Group Inc, is providing seed capital to a new hedge fund firm that will focus on trading securities issued by banks, according to a report by The Wall Street journal.
ISO-mts has been launched by long-time investments bankers Justin D’Ercole and Paul Feidelson. The pair first met in the early 2000s at Lehman Brothers and subsequently worked at Barclays and other Wall Street firms where they specialised in the origination and sale of new bonds.
The report cites unnamed sources as revealing that the firm’s new long-short fund, which will bet
