Latest News
More hedge funds were launched in the first quarter of this year than at any other time since the end of 2017, with the number of new strategy roll-outs outstripping liquidations for the third consecutive quarter, amid further signs the industry is on track for another strong year.
Schulte Roth & Zabel (SRZ) has added Gregory Ruback as a partner in the Finance & Derivatives Group, resident in the firm’s New York office. He joins SRZ from DLA Piper, where he was a partner in the Finance Group.
Read the full story at Private Equity Wire…
Investec Fund Solutions has hired six new people as it continues to build its presence in NAV, secondary financing and fund hedging. This brings the UK Fund Solutions team to 26 professionals, demonstrating Investec’s commitment to helping fund managers seize opportunities as they arise.
Read the full story at Private Equity Wire…
The European Energy Exchange (EEX) has successfully launched new Financial Gas Futures contracts which are cash-settled against the European Gas Spot Index (EGSI).
Since launching on Monday 28 June, when EEX registered a volume of 41 GWh, the new Financial Gas Futures have seen strong interest across the European markets, attracting players from the traditional Gas trading community and financial companies.
The EGSI Financial Gas Futures are listed on the Dutch (TTF), Austrian (CEGH) and German (NCG – which will be replaced by THE in October 2021) market areas, where EEX is the leading venue for gas spot trading, holding
Copper.co, a provider of digital asset custody and trading solutions, is now providing support for the ALGO, the native token of the Algorand blockchain as well as Algorand Standard Assets (ASAs).
Northern Trust has launched a machine learning-powered document capture capability as the foundation of a multi-year investment to digitise alternative asset servicing and enhance the experience for asset owner clients that invest in complex private market and unlisted assets.
Digital document capture enables Northern Trust to streamline historically manual workflows by automating the receipt and processing of alternative asset documents and fund manager reports on holdings and performance of hedge funds, private equity and other alternative assets. Northern Trust’s proprietary solution combines robotic process automation and cloud-based technology to provide transparency and data standardization that enables greater understanding of portfolio
Activist hedge fund CIAM says SCOR SE’s board of directors can “no longer ignore” shareholder discontent over governance practices, after the French reinsurance firm’s annual general meeting registered sizeable opposition to the board’s proposed remuneration policies.
Sucden Financial, the global multi-asset execution, clearing and liquidity provider, has partnered with Refinitiv to distribute market insights and premium in-depth investment research via their Eikon platform.
In this 5th and final podcast of the series, Steven Unzicker, Founder of ANZU Research, SEI’s Ross Ellis and Michael Neumann, Head of AI Quantitative Strategies and Partner at Arabesque, discuss how the decentralised model – as characterised by Uber and Airbnb – could inform the future of fund management.
Event driven hedge funds are making hay amid soaring levels of corporate activity, with new stats showing these managers raked in their best first-quarter returns in almost 30 years, as a number of newly-launched strategies look to get a piece of the M&A action.
Event driven managers – which seek to capitalise on stock mispricings and other valuation anomalies stemming from mergers and acquisitions, bankruptcies, takeovers and other corporate events using activist, merger arbitrage and special situations strategies – posted a first quarter composite return of 7.3 per cent, according to new research by bfinance, their strongest Q1 showing since
