20 Mar 2023
Open Trading®: Innovation that’s redefining liquidity
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Hedge funds and other holders of $17bn of Credit Suisse bonds wiped out in UBS deal
Hedge funds and other holders of $17 billion of Credit Suisse bonds have seen their investments wiped out completely under the terms of the…
Tepper bets on SVB debt
Distressed debt investor David Tepper is betting that the value of Silicon Vally Bank parent SVB Financial Group's debt will rise as parts…
Levinson shutters hedge fund after bond bets bomb
Graticule Asia, a macro hedge fund founded by veteran macro trader Adam Levinson, is shutting down after being hit by losses following the…
Multi-strats limit losses in March mayhem
ExodusPoint Capital Management and Millennium Management were among the big-name multi-strategy hedge funds that posted small losses amid…
THG attracts second activist investor
London-based Sparta Capital, an activist hedge fund founded by US firm Elliott Advisors, has become the second activist investment firm too…
Event driven funds lead February gains
Performance of hedge funds administered by the Citco group of companies diverged across strategy types in February, with a weighted average…
Oil options power ICE’s global commodity and energy markets to record OI
Intercontinental Exchange, a global provider of data, technology, and market infrastructure, has announced record open interest (OI) across…
Apex Group appoints first global head of valuation
Apex Group Ltd has appointed Anthony Alfonso as global head of valuation. Alfonso will be responsible for the group's valuation advisory…
17 Mar 2023
Bond rout sees Brevan Howard traders 'grounded'
Global macro major Brevan Howard has grounded several traders in a move aimed at limiting losses after the collapse of Silicon Valley Bank…
Citadel ramps up recruitment drive in Hong Kong and London
Ken Griffin's Citadel, which became the world's most profitable hedge fund in 2022 after raking in $16 billion, has boosted its…
Hedge funds up short positions on European banks
A number of hedge fund firms, including Bridgewater Associates, Millennium Management and Marshall Wace, have upped their short bets…
FTX used Alameda Research to transfer funds to Bankman-Fried
Hedge fund Alameda Research was the main channel used by bankrupt cryptocurrency exchange FTX to funnel about $2.2 billion to founder Sam…
University of California swaps hedge funds for private credit
The University of California’s investment fund is to stop making hedge fund allocations and will instead commit more of its capital to…
Torstone appoints head of North America
Torstone Technology, a SaaS platform for post-trade securities and derivatives processing, has appointed Sam Farrell as head of North…
