17 Jun 2024
Castle Ridge AM launches AI multi-strategy
Quant hedge fund firm Castle Ridge Asset Management has launched its AI multi-strategy, which is powered by WALLACE, the firm’s proprietary…
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SkyBridge Capital pairs up with Woori Investment & Securities
SkyBridge Capital, the $7.9bn New York-headquartered alternative investment firm founded by Anthony Scaramucci, has partnered with South…
Saba Capital Management seeks court injunction against BlackRock over trustee election dispute
Saba Capital Management has requested a US judge to prevent BlackRock from employing a tactic that Boaz Weinstein’s hedge fund firm claims…
Terraform Labs settles with SEC for $4.5bn after fraud verdict
Terraform Labs and its former CEO, Do Kwon, have agreed to a $4.5bn settlement with the US. Securities and Exchange Commission following a…
Hedge funds leverage Texas office to challenge SEC regulations
Hedge funds have been using the Texas office of the National Association of Private Fund Managers, a group focused on challenging SEC…
14 Jun 2024
US Senate report warns of AI risks in hedge fund trading
US federal financial regulators are lagging in their oversight of hedge funds' use of AI for trading decisions, posing a serious threat to…
Morgan Stanley taps Millennium senior PM
Multinational investment bank Morgan Stanley has appointed Sid Chaturvedi, formerly a Dubai-based senior portfolio manager at $67bn hedge…
Sissener Canopus exits Golden Ocean stake after spring rally
Nordics-focused hedge fund Sissener Canopus has divested its holdings in Golden Ocean Group, an Oslo-listed shipping company backed by…
Southwest Airlines CEO defies pressure from activist Elliott
Southwest Airlines CEO Robert Jordan has said that he will not resign despite Paul Singer’s activist hedge fund Elliott Investment…
Balyasny AM reduces workforce amid decline in revenue and profit
Dmitry Balyasny’s hedge fund, Balyasny Asset Management, has reduced its headcount by nearly 18% to 219 employees by the end of 2023, down…
Coatue's Aaron Weiner to launch Millennium-backed hedge fund
Aaron Weiner, formerly of Coatue Management, is set to establish his own hedge fund with substantial backing from Izzy Englander’s…
Jain Global to launch with strong Asia presence
Bobby Jain’s new hedge fund firm, Jain Global, is poised to employ over 30 staff members in Asia by its July launch, leveraging a…
13 Jun 2024
Tiger-Wolf Capital owner pleads guilty to $700,000 investment fraud scheme
Frank Mercado, the owner of hedge fund firm Tiger-Wolf Capital, has admitted to wire fraud, confessing to defrauding over 100 victims out…
Cboe expands FTSE Russell digital asset derivatives tie-up
Derivatives and securities exchange network Cboe Global Markets is expanding its collaboration with global index provider FTSE Russell by…
CLS appoints five new board directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, has appointed five new members to its…
