The Hedgeweekender | Jane Street and Millennium make up, Marshall Wace does Abu Dhabi, hedge fund launches hit 24-year low
Hedgeweek?
Hedgeweek provides highly relevant and actionable information for hedge funds, service providers, and investors.
This week in hedge funds
??Jane Street and Millennium Management have reached a settlement in a lawsuit involving allegations of trade secret theft following the departure of two traders. Read more.?
??Amid pressure from activist investors, Third Point is actively evaluating “credible strategic options” to address a significant discount between its share price and the value of its underlying assets. Read more.?
??The Bank of England has issued a warning about the rising influence of hedge funds in the UK government bond market, highlighting how their use of leverage could amplify financial system vulnerabilities. Read more.??
??Quantitative hedge fund Seven Eight Capital, Schonfeld Strategic Advisors' one-year-old spin out, is winding down operations after facing significant investor redemptions. Read more.??
???Marshall Wace, one of London’s largest hedge funds, has opened an office in Abu Dhabi, making it the latest hedge fund major to join the influx of finance firms into the UAE. Read more.?
??Fuelled by a resilient US economy and heightened geopolitical tensions, the Commodity Futures Trading Commission has found optimism around the US dollar is spreading beyond hedge funds to broader asset management firms. Read more.?
The week in numbers?
??123 – The number of new hedge funds launched globally by the end of September 2024 – a 24-year low. Read more.?
领英推荐
??10% – The global return hedge funds experienced in 2024, while demonstrating value in investor portfolios as both diversifiers and risk mitigators. Read more.?
??18 – The number of months Ex-Allianz hedge fund manager Gregoire Tournant faces in home confinement for his role in a fraud contributing to $3.2bn in investor losses. Read more.?
??$1.1bn – The total hedge fund startup Arrowpoint Investment Partners has seen its assets under management climb to this month, fuelled by a 3% return in November. Read more.?
Latest Hedgeweek research
Our Investor interest: Allocator plans for hedge funds and beyond in 2025 report is now live. To receive a copy, please visit here.?
Coming soon from Hedgeweek?????
Designed to tackle the most pressing challenges facing growing hedge funds today, Funds of the Future Europe will delve into capital raising strategies, enhancing investor relations, optimising operational efficiency, and navigating regulatory compliance and cutting-edge technology. Join us on the 29 April 2025 in London.??