Latest News
Willkie Farr & Gallagher has added David S Hong as a partner in the firm’s Asset Management Department based in the Los Angeles office. Hong was previously a partner at Munger, Tolles & Olson.
Hong focuses his practice on the formation and operation of private funds across the spectrum of asset classes, including private equity, credit, real estate, venture capital, growth equity, hedge and hybrid funds. He represents emerging and institutional private fund sponsors in fund formations, fund investment matters, seed capital arrangements, complex restructurings, structuring of investment management businesses and regulatory, compliance and operational issues. In addition, he represents
Pico, a provider of technology, data and analytic services for the financial markets community, has acquired Redline Trading Solutions (Redline), a provider of high performance trading and market data software solutions.
The addition of Redline’s multi-asset software solutions will provide access to a common API for global markets, both real-time and historical, delivered via Pico’s global network. The combined offering reduces complexity by allowing trading firms to optimise market access and coverage and trading stack performance in a seamless manner.
Redline provides ultra-low latency software solutions and common APIs to over 180 global venues serving a marquee client roster that
Facteus, a provider of actionable insights from financial transaction data, and 1010data, a provider of analytical intelligence, enterprise analytics and collaboration capabilities to the retail, consumer brands, and capital markets sectors, have formed a strategic partnership, enabling the companies to provide enhanced data and analytics to clients within the investment services, retail and consumer brands industries.
As part of the agreement, Facteus will acquire 1010data’s Equity Intelligence business, strengthening Facteus’ position in delivering unique transaction data insights and analysis to the investment services industry. 1010data will gain access to Facteus’ US Consumer Payments data panels to explore enhancing the company’s
S&P Global has acquired The Climate Service, a specialist in analysing climate risks.
The acquisition will add capabilities to S&P Global’s portfolio of essential environmental, social, and governance (ESG) insights and solutions for its customers. Through this acquisition, S&P Global will be able to offer its clients even more transparent, robust and comprehensive climate data, models and analytics.
The Climate Service has developed an application for physical climate risk analytics for corporates, investors and governments. The company provides the Climanomics platform, a tool that quantifies climate risk. The outputs, including modelled transition risk and physical risk analysis presented in
90 West, a provider of a unique consumer transactions dataset covering the entire United States market, with a particular concentration on the midwest region, has formed a partnership with Exabel which will result in the creation of a new insights platform for 90 West’s investment clients.
The 90 West Insights Platform will give portfolio managers and hedge funds additional insights based on 90 West’s unique panel of consumer transaction data, which track the pricing and performance trends across a broad range of companies. The platform delivers user-friendly dashboards, visualisations and KPI monitoring capabilities. This assists investors in idea generation by
Agecroft Partners’ has made his 13th annual predictions for the biggest trends in the hedge fund industry for 2022. These predictions are based on insights from more than 2,000 institutional investors globally and hundreds of hedge fund organisations. The hedge fund industry is dynamic and Agecroft believes 2022 will be the most transformative in its history…
Brummer & Partners’ flagship multi-strategy hedge fund vehicle ended 2021 in negative territory, despite solid annual showings from its trend-following, macro and systematic equity names.
Macro hedge fund firm Rokos Capital Management made more than GBP900 million in profits during the early days of the coronavirus pandemic, according to a report in the Financial Times.
The firm generated returns of 44 per cent in 2020 – its best annual performance to date – generating GBP914 million in profit in the 12 months to 31 March, 2021.
According to a filing with Companies House, the income is available to be divided up among the hedge fund’s partners with manager Chris Rokos, formerly a co-founder of Brevan Howard, eligible for the largest share of the gain, some
Bridgewater Associates has named co-CEO deputy chief executive Nir Bar Dea, and former Aetna Chief Executive Mark Bertolini, – a member of Bridgewater’s board for three years – as co-Chief Executives of the world’s largest hedge fund, according to a Finance News report.
The announcement was made in a memo to Bridgwater employees that was released publicly, informing staff that CEO David McCormick would be stepping down to consider running for the US Senate in Pennsylvania.
Bridgewater has had performance problems in recent years with the firm’s flagship Pure Alpha macro fund posting its worst monthly loss in March 2020.
FiscalNote, an AI-driven enterprise SaaS company that delivers legal and regulatory data and insights, is to acquire Aicel Technologies (Aicel), a Seoul, Korea-based alternative data company that provides alpha-capturing dataset solutions and extracts value and actionable insights to drive business solutions for emerging fintech markets around the world.
Aicel processes both proprietary and licensed data, such as trade and export information, patent filings, aggregated consumer and retail transactions, food delivery and home-sharing data, e-Commerce sales information, and ESG metrics on a subscription basis for customers including asset management companies, hedge funds, and investment firms.
Aicel leverages advanced technology to collect,
