Hedge fund Elliott Management is to invest in a special purpose acquisition company (SPAC), according to a report by the Financial Times.
SPACs have fallen out of favour with many investors in recent months, but Elliott, along with New York investment firm Siris Capital, is to invests $20 million in a SPAC deal for travel tech group Mondee. The deal values Mondee at $1 billion.
Yen carry trade risks mount
Hedge funds and other leveraged investors face renewed risks from the yen carry trade as Japan moves further away from decades of…
More
Valour launches first crypto hedge fund using Neuronomics AI strategy
Valour, the digital asset investment products subsidiary of DeFi Technologies, has launched its first hedge fund as it expands beyond…
More
SocGen targets strong prime brokerage growth
Societe Generale is planning to significantly expand its prime brokerage business as part of Chief Executive Officer Slawomir Krupa's…
More
