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Intel
Sean Gallagher, a Goldman Sachs Group veteran of some 18 years, has joined Lazard Ltd’s asset management unit to run a roughly $3bn business after shutting down his hedge fund, according to a report by Bloomberg.
Intel
Hedge fund Tiger Global Management’s biggest venture capital fund chalked up a paper loss of 18% at the end of September after the firm slashed valuations on multiple portfolio companies, according to a report by Bloomberg.
Intel
TOP STORY: The Internal Revenue Service has one upped the hedge-fund and asset-management industries in a case that could bring higher taxes for many fund managers, according to a report by the Wall Street Journal. The ruling in question could require managers to pay self-employment taxes of more than 3% on much of their income
Insights Report
November 2023 | This Hedgeweek report provides a breakdown of the Top 30 firms globally ranked by hedge fund assets, with intelligence on the key developments at each firm over the last 12 months. Our findings will support industry participants as they navigate the industry’s top-tier and provide a useful steer on the key trends likely to shape 2024.
Intel
TOP STORY: Despite investors limiting their exposure to the Chinese market, computer based funds still see plenty of opportunity in China, according to a report by The Financial Times.Â
Intel
Activist investor Elliott Investment Management has announced that it is prepared to nominate directors at Crown Castle International, and push out current executives and board members, in light of continued underperformance, according to a report by Reuters.Â
Intel
TOP STORY: Nine Blocks Capital Management, a crypto hedge fund, has obtained a license from Dubai’s Virtual Assets Regulatory Authority (VARA), making it the first fund to do so. The hedge fund has made public plans that it will be relocating its global headquarters to Dubai.
Intel
Short sellers are betting against Metro Bank, ahead of a vote tomorrow by share holders on a £925m rescue plan, according to a report by Daily Mail.Â
Intel
TOP STORY: Multi-strategy major Millennium Management is continuing to add talent to its team in Hong Kong with three recent appointments – Jingo Hing, Alexander Wilton, and Vinay Srinivas, according to a report by eFinancial Careers.
Intel
TCI Fund Management Limited, the $60bn London-headquartered hedge fund firm found by Chris Hohn, has established a presence in the United Arab Emirates with the opening of an office in Abu Dhabi.
