Sightings….
Brevan Howard is slashing 10% of its employees i.e. 100 people, as it attempts to reduce costs amid lackluster performance. [Read More]
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Seward & Kissel’s New Manager Study finds fee and liquidity terms over past five years has been fairly consistent
Seward & Kissel’s New Manager Hedge Fund Study, based on 2023 hedge fund launches of its clients, found that fee [Read More]
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Closing: Irvine’s Lijaro Asset Management
Stephen Irvine’s Lijaro Asset Management is shutting down its long/short equity hedge fund after four years and returning assets to [Read More]
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Senate Democrats propose new bill to close hedge fund tax loophole
Senators Tammy Baldwin (D-WI), Joe Manchin (D-WV) and Sherrod Brown (D-OH) have introduced the Carried Interest Fairness Act to close [Read More]
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FSB recommends actions for non-banks to cope with margin calls during periods of unexpected stress
Following a series of recent market panics (e.g. March bond market collapse in 2020, UK pension fund crisis in 2022) [Read More]
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