Brevan Howard, one of the world’s biggest hedge funds, has been on a bit of a warpath with its hiring recently. It’s been adding portfolio managers around the world, from both banks and other funds. Some of those traders have come from banks. Markus Hveem and Chris Almeida, who both joined earlier this month, came from JPMorgan and Bank of America respectively….
You can see why billionaire Xavier Niel and his team of finance veterans want to enlist hedge fund managers and buyout experts to help rebuild GAM Holding AG. Less obvious is why anyone with a good track record in the alternative investment industry would join a Swiss asset manager whose brand is tarnished…
Tightening financial conditions are creating a “massive opportunity” for private capital providers, according to Antoine Flamarion, co-founder of Tikehau Capital. “It’s going to be super bumpy,” Flamarion told Bloomberg Television’s Dani Burger in an interview at the IPEM private equity conference in Paris on Tuesday…
Farallon Capital Management led a funding round for human resources company HiBob at a valuation of $2.66 billion — compared with the $2.45 billion the company was priced at last year, according to people familiar with the matter.
Europe’s markets watchdog says it isn’t backing down from a controversial plan to restrict the use of “ESG” and “sustainability” in fund names, despite a barrage of criticism from asset managers. The European Securities and Markets Authority wants asset managers to know that it won’t abandon its proposal. That’s after industry giants, including BlackRock Inc., Amundi SA and the asset management unit of Goldman Sachs Group Inc., characterized large parts of the plan as potentially unworkable in their responses to an ESMA consultation earlier this year…
New York-based investment adviser Concord Management and its owner face Securities and Exchange Commission charges for operating as an unregistered investment adviser to a single client, a wealthy Russian with connections to the Russian government. Concord allegedly invested billions of dollars from at least 2012 through March 2022 on behalf of its sole wealthy Russian client without registering with the SEC…
FMR LLC, the parent company of Fidelity Investments, is backing a new venture-capital fund whose initial investments span spices, vegan vitamins and skincare. Unfold Ventures began marketing itself Monday, launching with $300 million from FMR, which counts the billionaire Johnson family as its biggest shareholder…
Bluestone Equity Partners, a private-equity firm founded by former NBA executive Bobby Sharma, is backing its first deal in the entertainment sector with an investment of nearly $20 million in RWS Global. RWS focuses on design, casting and programming for major entertainment destinations and venues. The New York company’s clients include theme parks, Broadway musicals, museums and cruise lines such as Carnival and Disney. But…
Eisler Capital’s tendency to say goodbye to portfolio managers has been noted a few times on these pages, and ongoing exits are perhaps unsurprising. However, its most recent leaver is notable for his interesting destination. Joseph Eeley, who spent just over two years at Eisler has just left to join Palm Lane Capital, a London based alternative credit quant fund…
Superorganism announced its launch as the first venture capital firm dedicated to the global biodiversity crisis. Founded by a seasoned venture capitalist and a conservation technologist, Superorganism aims to support early-stage technology startups working to prevent biodiversity loss. Superorganism’s mission is to back visionary startup founders who are determined to create a more abundant future for humans and nature alike. In a world that has seen a staggering 69 percent decline in wildlife populations since 1970, Superorganism supports entrepreneurs building ambitious businesses to combat the primary drivers of biodiversity loss: land and sea use change, overexploitation, invasive species, pollution, and climate change…
