The Chicago Mercantile Exchange resumed trading on its Globex platform on Friday after a roughly 10-hour outage halted futures and options markets across Asia and Europe, according to a report by Bloomberg.
There is increasing concern that the US options market faces systemic risk despite a sixth straight record year in terms of volume, with the bulk of clearing activity remaining concentrated among a handful of major banks, according to a report
After forecasting strong growth for the litigation finance industry last year, several funders have halted capital raising and are seeking alternative cash sources as hedge funds and private investors retreat from the $20bn sector, according to a report by Bloomberg.
Lauro Asset Management’s David Mercurio has criticised what he called “timid” leadership after Greggs’s shares fell 44% this year, valuing the company at £1.6bn, with almost 10% of the stock is now on loan to short sellers, according to a
Catalio Capital, the $2.3bn healthcare-focused investment firm backed by names including KKR and Brevan Howard, has hired Ajay Mantha as a partner within its public-equities business, according to a report by Business Insider.
Hedge funds and institutional investors stepped in to buy last week’s market pullback even as outflows from the technology sector hit multi-year lows, according to a report by Investing.com, citing Bank of America’s latest client-flow report.
Ukraine has reopened negotiations with holders of its GDP-linked warrants as the government seeks to revise $3.2bn of growth-linked debt, according to a report by Bloomberg citing people familiar with the matter.
US broker StoneX is stepping up efforts to win hedge fund clients in London, as bulge-bracket banks increasingly scale back services to smaller managers, according to a report by Financial News London.
Balyasny Asset Management is adding to its equities platform with the launch of a new pod led by former Marshall Wace partner Steve Binetter, according to a report by eFinancialCareers.
The new head of the Bank for International Settlements has urged policymakers to tighten oversight of hedge fund leverage in government bond markets as sovereign debt levels continue to rise, according to a report by Reuters.
