22 Jun 2023
Elliott awarded $53.6m from South Korea in long-running Samsung dispute
South Korea has been ordered to pay around $53.6 million in compensation to US hedge-fund manager Elliott Management by an international…
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Goldman’s Choppara joins Millennium in Dubai
Izzy Englander’s Millennium Management has bolstered its growing emerging markets team in Dubai with the addition of Naveen Choppara,…
Size matters as large macro funds outperform smaller counterparts
Macro hedge funds have enjoyed a renaissance in recent years with the biggest funds – those with over $1 billion in assets under management…
Hedge funds fees vary according to strategy, says new study
A new study of new hedge funds launched by established managers from private funds industry law firm Seward & Kissel, reveals a sharp…
Truss Edge provides hedge fund managers with mobile access to Safari PMS
Fund management technology platform Truss Edge has launched an app that provides hedge fund and other asset managers with access to its…
21 Jun 2023
Hedge funds positive in May but average returns fall
Hedge funds delivered another month of positive performance in May, although performance dipped month-on-month, with a total weighted…
Co-founder rift poses "material risk" for Two Sigma clients
A rift between the co-founders of New York-based hedge fund Two Sigma Investments over the firm's organisation and succession plan, as well…
Credit hedge fund Sona appoints Barclays exec as head of capital markets
Sona, the credit hedge fund founded by former Highbridge Capital head European credit, John Aylward, has appointed Barclays PLC’s co-head…
LME had nickel traded cancellation options, says Elliott lawyer
The London Metal Exchange had better options than canceling billions of dollars in nickel trades in March last year when prices…
Clear Street makes first chief admin officer and head of clearing appointment
Clear Street, an independent, non-bank prime broker, has hired Kevin McCarthy as the firm’s first chief administrative officer and head of…
EEX to acquire Nasdaq's European power business
The European Energy Exchange is to acquire Nasdaq’s European power trading and clearing business, subject to receipt of customary…
Finalto names new head of liquidity Asia
Finalto, a specialist in multi-channel trading software, systems and liquidity services for hedge funds, brokers and other financial…
20 Jun 2023
Torstone appoints new CFO
Torstone Technology, a global SaaS platform provider for post-trade securities and derivatives processing and risk management, has…
BoE launches first stress test for hedge funds
The Bank of England has launched the first stress test for hedge funds, pension funds and other financial firms as it looks to glean…
Protium raises over $100m for new China-focused long-short fund
Protium Capital, a hedge fund firm founded by former Hillhouse Capital Management fund manager Lu Ning, has raised between $100 million and…
