HFObserver aggregates on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves.
Here is our news from approximately the last week.
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Adrian Lee & Partners (AL&P), an active currency and Global Macro Manager for institutional investors, has launched a Global Macro Alpha Fund, which seeks to generate consistent excess return through diversification of macro asset class, region and alpha source, while minimising risks and volatility.
The fund is comprised of three distinct portfolios: Global Equities, Global Fixed Income, and Currencies – a set-up designed to maximise independently expected asset returns and currency cross markets...
A London hedge fund that sought to reshape the image of what it takes to manage money in the $3tn industry from the spare room of a Wimbledon townhouse, is closing after five years.
Former commodities traders Irene Perdomo and Leonardo Marroni launched Devet Capital with $29m in mid-2014 and saw assets rise to more than $100m four years later.
Both have now joined Gresham Investment Management as managing directors...
FIRM Changes/Developments, FIRM Hiring/Promotions/Departures, Open
Credit-product investor John Aylward, who runs money exclusively for Paloma Partners, is moving ahead with plans to recruit other limited partners.
Aylward has set a $500 million capital-raising target. He plans to park the commitments in a yet-to-be-named hedge fund that would launch in February via his London-based Sona Asset Management...
The Swiss stock exchange on Wednesday accused beleaguered money manager GAM Holding AG of accounting misstatements connected to its 2016 acquisition of a U.K. hedge fund.
Zurich’s SIX exchange said it is seeking a sanction against GAM for understating financial liabilities in its 2017 financial statements, a result of failing to recognize a liability stemming from the acquisition...
Billionaire Steven A. Cohen is close to an agreement to purchase a majority stake in the New York Mets from Fred and Jeff Wilpon, a move that would give the hedge-fund manager control over a prominent baseball franchise that has disappointed fans and struggled with financial pressures in recent years.
The deal would increase Mr. Cohen’s current minority stake in the team to 80%, according to people close to the matter. As part of the transaction, Fred Wilpon would remain as the controlling owner for the next five years, while...
Dublin-based CTA's Global Macro Program ceased operating in September...
Kendell Benz joins Man Group quant arm in Boston...
Distressed debt specialist John Silvetz joins the $6.7bn hedge fund...
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