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News

We aggregate on a daily basis the most relevant news related to hedge funds/alternative investment firms and people moves. Members have unlimited access to all exclusive and aggregated articles and the ability to search by keywords.

‘Not Fun Any More,’ Says Ex-BofA Prop Trader Shutting Hedge Fund

Srinivas Dhulipala helped Bank of America Corp. wager its own money on credit through the global financial crisis. Before that, he handled complex trades at Morgan Stanley, focusing on risky Latin American debt.

But the pain of running a modern credit hedge fund is enough to lead him to close up his shop Kildonan Castle Asset Management and pay out its capital to clients...

Odey Hedge-Fund Partner Orlando Montagu Is Leaving to Run Sandwich Business

Orlando Montagu, a partner at Crispin Odey’s hedge-fund firm, is leaving to focus on his family’s famous invention, the sandwich.

Montagu is a direct descendant of the 4th Earl of Sandwich, who was credited with inventing the snack in the 18th century. He will leave Odey Asset Management at the end of March after more than 16 years at the firm. He’ll work at his family’s mostly U.S.-based business, also known as Earl of Sandwich, which has plans to open in London...

D.E. Shaw names Breydo as co-CIO of institutional asset management arm

Hedge fund D.E. Shaw Group said on Wednesday it appointed company veteran Ruvim Breydo as the co-chief investment officer of its institutional asset management arm D.E. Shaw Investment Management (DESIM).

Breydo, who has been with the firm for more than two decades, will report to Max Stone, a member of the group’s four-person executive committee. He will work closely with Philip Kearns, one of the managing directors of the Group...

Hedge fund to relocate Singapore HQ to London

Singapore based hedge fund Orchard Global Asset Management with $5 billion in assets to relocate HQ to the City of London inspite of Brexit uncertainty, to take advantage of the City's top-class debt markets.

Scaramucci’s SkyBridge Capital to expand on Madison Ave.

The Mooch is moving his office, but not far.

Anthony Scaramucci’s SkyBridge Capital will be relocating and expanding within 527 Madison Ave.

The firm will be leaving 8,102 square feet on the 16th floor for the full fourth-floor high-end prebuilt of 12,500 square feet that had an asking rent of $78 a square foot. The move will happen in March after a few changes are made to the light-filled glass-fronted offices...

Evercore MD departs for new role at Two Sigma

A managing director at Evercore with a background in M&A has left the boutique investment bank to join quant fund Two Sigma. Vignesh Rajendran started in New York in January as an MD.

While the hedge fund and Rajendran didn’t respond to requests for comment, it’s possible that the hire could be meant to help build up Two Sigma’s venture capital business, considering Rajendran’s background. That said, the head of talent development at Point72 Asset Management recently argued in an op-ed that hedge funds can be a fine landing spot for former M&A bankers – even better than private equity.

Waypoint Seeking to Start One of Canada’s Largest Hedge Funds

A Canadian investment firm that crushed the returns of its peers last year is looking to raise C$500 million ($377 million) for what would be one of the country’s largest hedge funds.

Waypoint Investment Partners generated a 6.2 percent return in its segregated accounts in 2018 by investing in companies that pay fat dividends, then using those payouts to buy options to bet on market volatility...

Jana liquidates two hedge funds, to focus only on activism

Jana Partners LLC, founded by Barry Rosenstein, is shutting down two stock-picking hedge funds following losses and will focus instead on its main strategy of investing in a handful of companies and pushing management to improve their performance.

The New York-based firm, which managed $11 billion at its peak in 2015, will liquidate its Jana Partners and Jana Nirvana funds, the firm told its investors in a letter seen by Reuters...

A Hedge Fund Known for ‘Milking’ Newspapers Takes Aim at Gannett

A few dozen newspaper employees staged a protest last May outside the New York City office of their owner -- the hedge fund Alden Global Capital. Carrying signs that read “Invest or Sell Now,” the journalists chanted, “Hey Hey, Ho Ho, Alden Global’s got to go!”

Eight months later, Alden Global isn’t gone. In fact, the company wants to expand its newspaper empire even further: On Monday, it made a hostile bid to buy Gannett Co., owner of USA Today and many local newspapers, for $1.36 billion...

Hedge fund wants to buy Sears brands

The head of a sizable hedge fund is eyeing bringing the Kenmore and DieHard brands out of the Sears bankruptcy — but it is not clear if he can pry them away from company honcho Eddie Lampert, The Post has learned.

This hedge fund has signed a confidentiality agreement with Sears to study the brands, according to a fund source who requested anonymity...