We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves.

SEC Pitches Huge Ad Rule Overhaul

Wealth management pros are welcoming the SEC’s proposed new rule for financial advisor advertising, which will allow advisors to use testimonials, endorsements and third-party ratings to woo clients, as long as they meet certain conditions.

The existing rule, adopted in 1961, prohibits testimonials and does not address endorsements or third-party ratings.

The proposal – released Monday in a 507-page document -- also clears away vexing confusion related to online communications: It broadens the definition of advertising to “include communications ‘disseminated by any means...' ”

Nichola Pease to join firm husband’s hedge fund is betting against

Nichola Pease, a high-profile investment manager, has been appointed chair of a fund management company her husband’s hedge fund is betting against.

Jupiter Fund Management said Pease would replace Liz Airey from 2 March. According to the latest Sunday Times rich list, Pease and her husband, Crispin Odey, have a combined fortune of £775m...

How Ray Dalio built a marketing communications machine

By now pretty much everyone knows about Ray Dalio. A Google search or a glance at YouTube uncovers plenty of items from the world’s leading hedge fund manager.

Book excerpts, narrated videos about the “economic machine”, TED Talks, and interview clips from CNBC are all part of his prolific output. In recent years, Dalio has also taken to posting regular thought pieces on LinkedIn and even tweeting...

Pantheum boosts team with hires from JP Morgan and DB

The recently established Japan-focused manager has added to its investment team...

Former Kairos CIO raises $1bn for new investment firm launch

The former chief investment officer at Kairos Investment Management has raised more than $1bn for a new alternative investments firm, one of the largest launches in the sector in recent years.

Michele Gesualdi, who left Kairos in July after 19 years and was responsible for around $3bn in alternative investments, has set up Infinity Investment Partners in recent days and plans to start running money in January, said...

Citi government bond trader latest to join Millennium

A government bond trader who left Citi three months ago has become the latest person to join hedge fund Millennium Capital Management in London.

We reported the resignation of Jorge Deza Neira, a managing director on Citi’s European government bond trading desk, in July. Neira has just turned up at hedge fund Millennium Capital Management, according to his LinkedIn profile...