18 Oct 2023
Bloomberg launches front office pricing solution for fixed income trading
Bloomberg has launched IBVAL Front Office, a new solution that can price around 30,000 US dollar credit securities as fast as every 15…
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Starboard wants News Corp to consider break-up
Activist hedge fund Starboard Value has begun agitating for change at News Corp, including a $7bn (£5.7bn) sell-off of the company's online…
Och sues over Sculptor-Rithm deal
A group former Sculptor Capital Management executives led by founder Dan Och has sued the hedge fund and its proposed acquirer Rithm…
ExodusPoint bags Balyasny PM as Head of AI
ExodusPoint Capital Management, the New York-based hedge fund firm found by Millennium Management alumni Michael Gelband and Hyung Lee, has…
ASK expands adds hedge funds to alt investments offering
ASK Asset and Wealth Management, an India-based wealth and asset management firm, has added hedge funds to its Alternative Investment…
17 Oct 2023
Trumid appoints former Millennium PM as Global Head of Sales
Trumid, a financial technology company and fixed income electronic trading platform, has named Jason Quinn, a former portfolio manager at…
Proportion of side letters signed with 'mature' hedge funds at highest level in eight years
The percentage of side letters executed with 'mature' hedge fund managers has risen to the highest level seen in eight years, according to…
Ex-Odey PM Hanbury bets against PE
James Hanbury, the former Odey AM Portfolio Manager who moved with his fund and team to Lancaster Investment Management in July, is betting…
Activist Trian builds Allstate stake
Trian Fund Management, the activist hedge fund firm run by Nelson Peltz, has built a holding in Allstate Corp, one of the insurers impacted…
JAT wants change at Overstock.com
Hedge fund JAT Capital has warned Overstock.com that it may seek seats on the company's board if it doesn't consider selling certain assets…
Digital assets funds see third week of inflows
Digital asset investment products saw inflows for the third consecutive week last week totalling $15m, although trading volumes remain 27%…
Cassini sees 250% uptick in demand for collateral optimisation module
Cassini Systems (Cassini), a front-to-back margin and collateral solution provider for derivatives market participants, has seen a 250%…
16 Oct 2023
Point72 looking to add crypto quants in Paris
Point72 Asset Management, the hedge fund firm found by Steve Cohen with over $27bn in assets under management, is continuing to expand both…
Hedge funds sell off consumer staples as bond yields soar
Sales of food, beverage and tobacco stocks by global hedge funds hit the fastest pace seen in 11 weeks last week, as the yields for US…
Acadian transitions to BNY Mellon’s Middle Office platform
Acadian Asset Management, a Boston-based global, quantitative investment manager with around $100bn in discretionary assets under…
