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Hedge funds and private equity firms are facing increased disclosure of their fees, and new restrictions on giving certain investors special treatment, after the US Securities & Exchange Commission (SEC) adopted a raft of new rules and amendments governing the $18tn private funds sector.Â
Intel
Odey Asset Management is shutting its only female run investment vehicle – the Brook Global Emerging Markets Fund – as the firm continues to reorganise operations and deal with the fallout from sexual assault allegations made against founder Crispin Odey, according to a report by Bloomberg.
One of China’s top macro hedge fund bosses has blamed foreign investors for the recent rout in the country’s stock markets which has seen Chinese domestic stocks sink to their lowest levels since November, according to a report by Bloomberg.
Intel
Freddie Neave has continued to cut risk at Odey Asset Management’s flagship European Inc fund having removed the leveraged bond bets placed by former boss and Odey AM founder Crispin Odey, ahead of moving the fund to a new home, according to a report by Bloomberg.
Intel
Oceanwood Capital Management, the hedge firm co-managed by Julian Garcia and Christopher Gate, is closing down, with Deputy CIO Garcia now planning launch his own hedge fund firm next year, according to a report by Bloomberg.
Intel
Sculptor Capital Management’s proposed sale to Rithm Capital for $639m has been criticised by Daniel Och, the hedge fund’s founder and one of its largest shareholders, because it “undervalues” the business, according to a report by The Financial Times.
Intel
Continued concerns over China’s economic prospects, coupled with ongoing geopolitical tensions, saw several US-based hedge funds including Coatue, D1 Capital and Tiger Global cut their exposure to Chinese companies in Q2, according to a report by Reuters.
Intel
TOP STORY: Michael Burry, famed for his winning wagers against the US housing market ahead of the 2008 global financial crisis and subsequent appearance in ‘The Big Short’ book and film, is betting on a downturn in the US stock market, according to a report by Market Insider.
Intel
Jersey-based global macro hedge fund major Brevan Howard, which has over $35bn in assets under management, has appointed Oualid Lahsini as Chief Executive Officer of its Middle East business, and Head of Client Partnerships for MENA and Asia.Â
Intel
Thousands of smaller China-based hedge fund managers are expected to shut up shop while their larger peers will be subject to stricter regulations as part of a shake-up of the RMB6tn ($832bn) sector, according to a report by Bloomberg.
