Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North America. Based in Toronto, Farrell will have oversight of all the US and Canadian operations for Torstone. 

Market turmoil triggered by the collapse of Silicon Valley Bank and Signature Bank saw computer-driven hedge funds suffer their worst ever day of losses on Monday, according to a report by Bloomberg, while at least two of last year's macro star performers were also hit by losses.

Odey Asset Management, the London-based hedge fund firm founded by Crispin Odey, has reopened three funds which were soft closed in November 2022, including its flagship Odey European fund, according to a report by Financial News citing a letter sent to the firm's clients.

China-based macro hedge fund manager Li Bei, the founder of Shanghai Banxia Investment Management Center, has sounded the alarm over a popular type of derivative, following the country's stock rally, according to a report by Bloomberg.

GAM has appointed Chris Longworth, who joined the firm in 2010, as Head of GAM Systematic. In addition, Danny Dhingra, who has been with the company since 2016, is to join the systematic Core Macro team, and will report to Longworth. 

Managed futures posted a monthly gain in February, up 0.15% for the month, according to the Barclay CTA Index, compiled by Backstop BarclayHedge. February's gains reversed three straight losing months for CTAs. 

Bitfinex Derivatives has launched a range of perpetual contracts providing access to some of the largest and most popular global commodity indices. Contracts are now available for UK crude oil, palladium, and Platinum.

Hedge funds lost 0.71% in February paring year to date gains to 2.58%, according to the latest data from Bloomberg, with commodities funds seeing the biggest decline over the month with a 3.36% fall.

Man Group chief executive officer Luke Ellis earned $11.3 million in 2022 from his base salary, bonus payment and share grants, the largest pay packet of any Man Group head in the last 14 years, according to a report by Reuters, citing information from the company's annual report.

Several hedge funds including Citadel have been buying up shares in smaller banks, after the failure of Silicon Valley Bank and Signature Bank triggered a banking sector stock sell-off, according to a report by Reuters.