The efforts by Federal Trade Commission Chair Lina Khan to protect Main Street are inadvertently enriching some on Wall Street, generating outsize profits for Pentwater Capital Management and other large hedge funds that bet on merger deals…
U.S. venture capital firm GGV Capital said on Thursday it plans to split its business into two, with one focused on Asia and the other on the United States, as political pressure mounts on American companies to limit investments in Chinese technology…
A hedge fund manager who made a name for himself shorting fossil fuel stocks says the strategy is no longer viable, as oil’s ascent proves too strong to fight. James Jampel, the founder of Boston-based HITE Hedge Asset Management, said he still believes oil will lose steam in the longer term. But thanks in large part to the geopolitics of oil, that moment is further away than he once imagined and shorting fossil fuel producers has become untenable, he said…
CoinShares, one of Europe’s largest cryptocurrency asset managers, is starting a hedge fund division as it seeks to make inroads with American investors. The St. Helier, Jersey-based firm on Friday debuted the CoinShares Hedge Fund, which will be available to qualified US investors. CoinShares is known for its offerings of virtual-currency exchange-traded products, overseeing more than $2.5 billion in assets under management overall…
Apollo Global Management is looking to raise roughly $2.5 billion to lend to large corporate borrowers in private markets, according to people with knowledge of the matter…
NEW YORK–(BUSINESS WIRE)–First Eagle Investments (“First Eagle”) today announced that it has established a new High Yield Municipal Credit team. John Miller will join First Eagle on January 2, 2024, as Head and Chief Investment Officer of the High Yield Municipal Credit team, reporting to First Eagle President and Chief Executive Officer Mehdi Mahmud. The new High Yield Municipal Credit team expands the range of differentiated investment solutions First Eagle provides clients alongside the offerings of its Global Value, Small Cap, First Eagle Alternative Credit and Napier Park teams…
David McCormick, a former hedge fund executive who lost the Republican primary for Pennsylvania’s open Senate seat last year, will announce on Thursday that he is running again for Senate — this time against three-time incumbent Democratic Senator Bob Casey Jr…
Hedge fund billionaire John Paulson used a sham purchase of a luxury penthouse apartment in Puerto Rico to improperly enrich himself by $10 million at the expense of his family trust, his wife claims in a suit accusing him of hiding billions of dollars in assets during their divorce…
Is this the year hedge funds take notice of fintech? First DE Shaw hired a fintech product manager in Singapore, now quant fund Qube Research & Technologies has hired from a fintech too. Qube recruited Ben Nicholas as a quantitative technologist from trading infrastructure fintech FlexTrade. He was a technical analyst at his previous employer, which specializes in algorithmic trading execution across equities and FX, which probably helped…
Kurt Baker, a Millennium Management alumnus and former head of Morgan Stanley’s Asia prime brokerage, is seeking nearly $3 billion in capital commitments for a multi-manager hedge fund firm to rival the likes of Citadel in the region, according to a person with knowledge of the matter…
