02 Sep 2024
Broad Reach secures $20m University of Houston allocation
The University of Houston System's endowment management committee has approved a $20m investment in the Broad Reach Master Fund, an…
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BlueCrest and Millennium closed pods amid market turmoil
Losses incurred during escalating market volatility in early August prompted Millennium Management, Balyasny Asset Management, and…
WaterStation facing forced bankruptcy amid Jefferies fraud allegations
WaterStation, the water vending machine company accused of operating a large Ponzi-like scheme by hedge fund Jefferies Group, may be forced…
Hedge funds continue betting against banking, insurance, and property sectors
Hedge funds have maintained their bearish stance on banking and financial stocks, continuing to place bets against these sectors during the…
Value Partners founder steps down from Co-Chairman role
Cheah Cheng Hye, the founder of Value Partners Group Ltd, is set to step down from his role as Co-Chairman as Chinese brokerage GF…
Ackman to offer enhanced investor incentives in bid to revive Pershing Square IPO
Pershing Square Capital Management founder Bill Ackman is attempting to revive the initial public offering (IPO) of his investment fund,…
One-third of hedge funds yet to recover from 2022 losses
Despite strong industry performance this year, a significant portion of hedge funds have yet to fully recover from the steep losses…
30 Aug 2024
Appital adds pre-trade price discovery functionality to offering
Appital, a peer-to-peer price discovery and liquidity sourcing technology for asset managers, has adde new functionality designed to…
Hedge funds facing potential multi-billion losses from PDD Holdings crash
Hedge funds may be facing losses totalling billions of dollars due to a steep decline in the shares of Chinese e-commerce giant PDD…
TS Imagine launches Platform 3.0
TS Imagine, a global specialist in trading, portfolio, and risk management solutions, has launched Platform 3.0, which the company says is…
Candriam launches ESG Market Neutral Fund
Candriam, a global multi-asset manager with €145bn in AUM, has launched the Candriam Equities L ESG Market Neutral Fund which will target…
Millennium backs new hedge fund Sone Capital
Millennium Management is set to support Sone Capital Management, former Echo Street Capital portfolio manager George Panos's new systematic…
Kirin delays Fancl takeover bid amid hedge fund MY.Alpha challenge
Kirin Holdings Co has postponed its purchase of a majority stake in Fancl Corp, setting a new 11 September deadline, amid challenges posed…
29 Aug 2024
Zodia Custody launches institutional ADA staking
Zodia Custody, an institution-first digital asset custodian whose shareholders include Standard Chartered, SBI Holdings, Northern Trust,…
MFA backs ESMA’s proposal to enhance market data access through MiFID II/MiFIR improvements
MFA has submitted a comment letter in support of the goals of the European Securities and Markets Authority’s (ESMA) proposal to enhance…
