News

News round-up: Scaramucci lands job at US Export-Import Bank

Nestlé plans $21bn share buyback; short positions in oil near record highs; and more


CZ Capital launches Ucits on Morgan Stanley platform

Market-neutral firm launches mirror of flagship strat on FundLogic

FCA moves to bring investment consultants under its control

Launches consultation on referral to the Competition and Markets Authority



Ex-Secor pro launches $1bn CTA Advocate Capital  

Scott Peng was one of the first analysts to raise Libor concerns


White Oak takes stake in quant hedge fund Row AM

PE firm buys non-controlling, minority interests in hedge funds with less than $2bn in AuM


Neuberger Berman launches absolute return Ucits with $71m

New fund will focus on strategies expected to be uncorrelated to equities and fixed income


Atenvia preps flagship quant fund launch

London-based systematic manager currently in a ‘pre-marketing’ mode


BlueMountain hires former Perry MD to lead equities

Lance Rosen joins $22bn firm to focus on discretionary strategies


News round-up: Ken Griffin slams Trump’s 15% tax rate

Anchorage joins four US HFs to back Co-op bailout; Potential jurors label Shkreli an ‘evil man’


PSAM acquires minority stake in CdR Capital

Purchase will give PSAM access to CdR’s allocation and quant expertise


Graham adds to bench with event-driven and FI hires

Ex-Moore Capital and Prologue PMs join Ken Tropin’s $14bn macro firm


IPM launches Delaware fund for US onshore clients

Swedish quant manager seeds vehicle to provide access to flagship systematic macro strategy


News round-up: Tiger Global makes ‘anonymous bet’ against Tesco

Co-op bank drops sale plans as nears deal with US HFs; Third Point presses for ‘bold action’ at Nestle; and more




Capita agrees $1.1bn sale of fund services arm

London listed firm to sell-off majority of Capita Asset Services


Alpha Ucits Fair Oaks CLO fund assets hit $330m

Alpha Ucits platform fund sees assets more than double since September launch


News round-up: RIAs pulling client money out of hedge funds

Big investors start to ask HF managers about ESG; ECB pushes to gain control of euro clearing; and more


JP Morgan closes distressed shipping fund after raising nearly $500m

Alternatives arm of asset management unit has already invested 65% of fund’s value


Sanne taps Orangefield for Emea fund services head

Sean Murray will work across alternative asset divisions from Luxembourg