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Dean Cooper, co-head of CEEMEA credit trading at UBS Group is to join Millennium Management as the hedge fund continues to expand its emerging markets operation in Dubai, according to a report by Bloomberg.
The report cites unnamed sources as saying that Cooper is relocating from London to Dubai to take up his new role. He will report to Goldman Sachs veteran Akash Patel who was appointed as senior portfolio manager at Millennium last year.
Millennium, which was founded by Izzy Englander and manages about $55 billion, now employs more than 30 staff in Dubai having secured a licence from
PitchBook, a data provider for the private and public equity markets, has expanded its data coverage and enhanced search functionality of nearly 20,000 hedge funds and liquid alternatives to help investors and fund managers unlock new alternative investment opportunities and conduct benchmark analysis.
Hedge fund assets have grown significantly over the past decade and are on track to continue this trend as low interest rates and high returns in the equity markets have increasingly encouraged Limited Partners (LPs) to look at hedge funds as an investment option. Despite the market growth, hedge fund data can be difficult to find and
New hedge fund launches have jumped to the highest level since Q1 2021 and reached the second highest quarter since Q4 2017 as the HFRI 500 Macro Index surged through global inflation-induced financial market volatility, according to the latest HFR Market Microstructure Report.
New hedge fund launches increased to 185 in Q1 2022, jumping from 113 in Q4 2021, representing the highest launch rate since 189 new funds launched in Q1 of last year, and the second-highest quarter since 190 funds launched in Q4 2017. In the trailing 12 months ending Q1 2022, an estimated 610 total new hedge funds
Hedge fund D E Shaw and four of its senior executives have been ordered two pay $52 million in a defamation case brought by a former partner, according to a report by the New York Times.
A panel of Financial Industry Regulatory Authority (FINRA) arbitrators made the award in favour of Daniel Michalow after concluding that he had not committed “sexual misconduct”. D E Shaw had claimed in a statement following Michalow’s departure from the firm in 2018 that an internal investigation had found he had committed “gross violations of our standards and values.”
The award which is believed to
Troubled cryptocurrency hedge fund Three Arrows Capital (3AC) has been reprimanded by the Monetary Authority of Singapore (MAS) for providing false information and exceeding a limit on assets under management (AUM) for a registered fund management company, according to a report by The Business Times of Singapore.
Chris Lutton, CEO and co-founder of San Franciso-based global macro hedge fund firm HonTe Advisors is stepping down after seven years with the firm to pursue a new opportunity.
The biotechnology sector has become a hunting ground for hedge funds on the look out for bargain stocks, according to a report by The Financial Times.
After a sharp selloff which has seen a Nasdaq index of biotech stocks shed almost a third of its value since hitting an all-time high in August last year, managers are betting that the sector now provides investment opportunities.
The report says that some managers believe that biotech stock have fallen too far when drug development prospects are taken into consideration and are “buying up stocks on the cheap”.
London-based Infinity Investment Parters, which
FundFront, an alternative investment platform and a fintech company based in London, has partnered with Icon Asset Management (Icon), bringing MoSAIQ’s proprietary systematic and data-driven investment strategy to the FundFront platform with the launch of IMMS.
The IMMS product emulates Icon MoSAIQ Max Sharpe strategy, that aims to deliver market neutral returns through investment across US large cap equities. In a segregated structure supervised by FundFront, a mandate is given to Icon to implement the strategy subject to specific investment guidelines and risk management policies. FundFront’s unique tech-based platform offers the IMMS strategy with daily liquidity, independent valuation, and risk
More than seven out of ten (71%) executives working for buy-side financial services firms across the UK, US and Asia say their organisation uses more than five ESG data sources.
The average number of sources used by these businesses is 9.3, with the US using the most (9.7) and Asia with the least at 8.9.
These findings are among the highlights of new research commissioned by Alveo, a provider of cloud-based market data management services, polling executives working for buy-side financial services firms in the UK, US and Asia. In terms of ESG data set types, organisations across all three
Activist hedge fund Cannell Capital has acquired close to a 13% stake in medical device company Neuronetics, according to a report by the Philadelphia Business Journal, and is now seeking a seat on the company’s board.
