BAAM chief and Dalio highlight hedge fund succession challenge

Tom Hill says its ‘truth time’ for managers; Dalio: My ‘greatest challenge’

Qato Capital launches l/s fund

Australia-based manager aims to build on success of market-neutral strategy

Essencia Capital preps long/short equity Ucits

Fund managed by former Barclays FX sales head Marcello Cavalcanti

Clinton Group stat arb strategy launched in mutual fund format

New AlphaCore Capital offering gives US retail investors access to $1.3bn New York manager

Davidson Kempner raises $1.75bn for illiquid distressed launch

Fund will invest in a wide variety of distressed assets in the US, Europe, Asia and Australia

Boston quant macro hedge fund to launch tail risk strategy

PhaseCapital Tail Hedge Fund will run alongside firm’s quant macro strategy

News round-up: Former SAC trader wants to withdraw guilty plea

EU seeks more powers over hedge funds after Brexit; Pine River Capital shutting $1bn flagship fund; and more

Fir Tree Partners to urge UPL to pursue ‘strategic alternatives’

$9bn New York activist says upstream energy company shares trading at ‘unwarranted discount’

BraddockMatthews and Grace Point Partners merge

Combined alternative asset management search firm will retain BraddockMatthews name

Ex-Pictet MD to launch global macro firm Lead IM

Cayman-domiciled Lead Absolute Return Fund will sit on OPIM platform

CQS hires Saba Capital’s former London office head

Prakash Narayanan joins Michael Hintze’s firm following closure of Saba’s London office

Scotiabank cap intro head joins bfinance

Les Marton as a senior director working out of the investment consultancy’s Canadian office.

Caceis director Owain McNeill departs

Business development pro spent over two years at French administrator

News round-up: Pine River asks investors to approve illiquid asset ‘side-pocket’

Bridgewater to share algos; Female-led HFs outperform those run by men; and more

Swarm Fund holds ICO to raise capital for multi-manager platform

Palo Alto-based manager plans to raise $55m with SEC-registered initial coin offering

Portland Hill hires senior SocGen pro to take over COO role

Alexia Ackermann joins this week, replacing previous ops chief Francisco Almada

Baml hires ex-Marshall Wace risk head for post-Brexit Ucits role

Christian Szylar joins bank as part of plans for Lux-based manco

74% of HFs eyeing increased alt data spend

Managers looking to source more unstructured stats despite ‘prohibitively high fees’