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A total of 185 new hedge fund launched in the first three months of 2022, according to data from hedge fund research firm HFR, the second highest quarterly total since Q4 2017 (190 launches).
The latest HFR Market Microstructure Report reveals that new launches jumped from 113 in the last three months of 2021 to reach register the highest new launch rate since Q1 last year when 189 funds made their debut.
In the trailing 12 months ending Q1 2022, an estimated 610 total new hedge funds have launched.
New Macro hedge fund launches reached 45 in Q1, topping both
TS Imagine, a global specialist in trading, portfolio, and risk management solutions for capital markets, has hired 100 new staff globally in the first half of 2022 on the back of strong growth a year after Trading Screen and Imagine Software merged to become TS Imagine.
The new hires include several senior hires with decades of experience in capital markets and technology including: Puiter Kogan, global head of infrastructure; Marina Melnick, Chief Business Development Officer-Eastern Europe; Thomas Benevento, Product Management Risk/Margin; and Per Loven, Global Head of Marketing and Alliances.
Coremont, an FCA-regulated financial services firm that provides complete front-to-back portfolio management support for hedge funds and institutional asset managers, has appointed Akbar Sheriff as global chief operating officer and partner.
Sheriff has 20 years of experience across financial services, technology and strategy consulting, with a focus on growing client-centric, tech-enabled businesses. Akbar joins from State Street (NYSE:STT), a globally systemically important institution (GSIFI) with ~$12 billion revenue, where he held multiple global and regional leadership roles, including leading the company’s highest earning core product suite as Global Head of Custody and Digital Client Experience, and heading State Street’s substantial
Event-driven hedge fund Tyrus Capital is being reinvented as a broad asset management company by founder Tony Chedraoui four years after the firm nearly went bust following the failure of a big M&A bet, according to a report by Bloomberg.
The amount of money Chedraoui’s core strategy can take in has been halved to $1 billion with the focus switching from deal wagers to acquiring private equity portfolios from investors wanting an early exit.
The firm is also building a real estate credit business and underwriting fundraising for struggling companies.
The wager that almost derailed the firm four years ago
A hedge fund backed by KKR & Co is betting on Indian stocks in the belief that inflation has peaked, according to a report by Bloomberg.
The report cites Vaibhav Sanghavi, co-chief executive officer of Mumbai-based long-short investor Avendus Capital Public Markets Alternate Strategies, as revealing that the firm is big on consumer, let by auto and industrials – market segments the firm believes are set to benefit when prices fall.
While there may be more volatility to come, Sanghavi is expecting ‘huge inflows’ once inflation falls, most probably from September onwards. Already the country’s inflation rate eased to
The Palm Beach Hedge Fund Association (PBHFA) has formed a strategic partnership with international law firm, Ogier.
Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Its network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo.
Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. The firm also has strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property.
The
ING has spun out Pyctor to GMEX Group (GMEX), a specialist in digital business and technology solutions for exchanges and post-trade market infrastructure.
Pyctor’s digital post-trade market infrastructure technology is designed for firms operating in regulated environments. It provides highly secure digital custody and transactional network services for a broad range of digital assets, as well as delivering interoperability between permissioned and public blockchains. Pyctor was incubated in ING Neo’s Amsterdam innovation lab, in collaboration with major financial institutions and regulators.
Pyctor is now a service offering within GMEX. Hirander Misra is appointed Chairman of Pyctor with other senior
Hedge funds declined in June as equity markets extended steep YTD losses, with equities completing the worst first half of a calendar year in over 50 years, volatility accelerating across global equity, bonds and commodity markets, and investors positioning for the US economy to enter recession as a result of generational inflation.
The investable HFRI 500 Fund Weighted Composite Index declined -2.6% for the month, the largest decline since March 2020, as gains in quantitative, trend-following CTA and market neutral equity strategies were offset by declines in the highest beta equity and fixed income strategies, according to data released today
City-based hedge fund Brevan Howard is on the hunt for a US-based chairman sparking industry peculation that the $23 billion asset manager nay be planning a stock market listing, according to a report by Sky News.
The report cites a recruitment advertisement as revealing that Brevan Howard, which was jointly founded by billionaire Conservative Party donor Alan Howard, is looking for “a US-based independent chair to provide leadership and governance to its board and to help accelerate the company’s ambitious growth plans”.
The advert goes on to say that the successful applicant with have “an established and current track record
The upgraded version of BitMEX Mobile app now allows users to trade derivatives contracts and spots pairs on the go, in addition to the ability to buy, sell, and convert crypto that are already included in the Lite version.
