14 Jun 2024
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…
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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…
Be prepared: operational risk management in 2024
Operational risk management: three words never far from the mind of every ops leader in the hedge fund industry. Preparing for the…
SEC penalises activist Anson for secret researcher payments
The US Securities and Exchange Commission has imposed its first significant penalty as part of an extensive investigation into activist…
12 Jun 2024
Jain taps Credit Suisse VP for trading role
Jain Global, former Millennium Co-Chief Investment Officer Bobby Jain's new hedge fund firm, which is gearing up to launch later this…
Higher Hong Kong court to hear Segantii hedge fund insider trading case
An insider trading case involving Asian hedge fund Segantii Capital Management, its British founder, Simon Sadler, and a former trader,…
ISS gives partial support to BlackRock in battle with activist Saba
BlackRock has received partial support from influential proxy adviser Institutional Shareholder Services while activist hedge fund Saba…
Largest ever Point72 summer intern programme kicks off
The largest ever summer intern programme got underway at Steve Cohen's multi-strategy hedge fund firm Point72 Asset Management this week,…
Marshall Wace to open new Abu Dhabi office
Marshall Wace, the $64bn UK-based hedge fund major founded by Paul Marshall and Ian Wace in 1997, is set to open an office in Abu Dhabi,…
Hedge fund bitcoin shorts reach record high
Hedge funds are increasingly betting against bitcoin, with their short positions hitting a new record high, according to a report by…
