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BNP Paribas’ Securities Services business has signed an exclusive agreement to acquire HSBC’s hedge fund administration business in several markets, including Hong Kong, Singapore, Ireland, and Luxembourg.
Partner Content
As interest rates rise, hedge funds are emerging as new bastions of liquidity, seeking forward-thinking trading and data solutions. Often at the vanguard of new trading protocols, hedge funds are rapidly adopting our Live-Markets protocol to stay ahead.Â
Intel
Lacklustre returns and a 90% fall in assets in the last four years has prompted Blackstone to close down the Blackstone Diversified Multi-Strategy fund which provided investors with exposure to a range of hedge funds and other trading strategies, according to a report by The Financial Times.
Intel
Rithm Capital Corp has finally come out on top in the battle to acquire Sculptor Capital Management and its $32,8bn in assets under management, having on Friday completed a $12.70 Â per share takeover in a deal valued at approximately $719.8m.
Special Report
New, disruptive technologies are emerging and advancing every day, presenting opportunities for first movers in the hedge fund space and risks for those firms slow to act. This report highlights some of these key technology trends and solutions, from industry participants at the forefront of developments.
Insights
By Jon Caplis (pictured), CEO, PivotalPath – In March of this year, the team at PivotalPath published a note surrounding the historic rally in Treasuries and its effect on Managed Futures. As a reminder, in the span of eight trading days between 8 March and 17 March 2023, there were massive moves across the US Treasury yield curve.
Intel
TOP STORY: A significant US stock rally prompted by softer than expected inflation news, saw global hedge funds that use algorithms to trade, suffer their second worst single day of trading so far this year, according to a report by Reuters.
TOP STORY: Tiger Global Management, Pershing Square, and Third Point are among the hedge funds to have upped their bets on big technology stocks, even as the sector stumbled slightly in the third quarter, according to a report by Reuters.
Intel
Talks over a potential tie-up between Millennium Management, the $60bn multi-strategy hedge fund firm led by Izzy Englander, and Schonfeld Strategic Advisors, have ended without an agreement being reached, according to a report by the Financial Times.
Intel
Lumina Capital, a Brazilian alternative asset management firm founded by former Morgan Stanley Brazil head Daniel Goldberg, has acquired a minority stake in hedge fund Verde Asset Management from Credit Suisse Group, according to a report by Bloomberg.
