Ken Griffin’s Citadel Is Moving Its Headquarters to Miami From Chicago (Bloomberg)
Ken Griffin is moving Citadel’s headquarters to Miami, leaving its current home of Chicago after the billionaire decried the city’s crime rate and voiced frustrations with political leadership in Illinois. The relocation will affect both hedge fund Citadel and Citadel Securities, the market making business, firm spokesman Zia Ahmed said Thursday. It’s the first step in a multi-year process that will involve the firm building a new office in Miami, which will serve as its global headquarters.
Hedge Fund Manager Taunts Apes With AMC Short Position: ‘I Dare All The Meme Stock Maniacs To Try To Hurt Us’ (Investing.com)
The AMC Entertainment Holdings Inc (NYSE: AMC) apes must be pounding their chests after AQR Capital Management‘s Cliff Asness called them out on Wednesday. What Happened: The hedge fund manager announced that he has a small short position in AMC on CNBC’s “Closing Bell.” If that wasn’t enough to get the attention of the retail trading crowd who call themselves apes and look to feast on short sellers like bananas, his next proposition surely provoked the primates.
Brookfield Closes Net-Zero Transition Fund at $15 Billion (Pensions&Investments)
Brookfield Asset Management closed on $15 billion for its Brookfield Global Transition Fund, one of the largest funds raised to invest in the global transition to a net-zero carbon economy, the real asset firm said in a news release Wednesday. The fund also surpassed its initial $12.5 billion initial hard cap, spokeswoman Rachel Wood said in an email.
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Quant Hedge Funds Profit from Cryptocurrency Turmoil (CryptoNewsBTC.org)
A small group of hedge funds are cashing in on turmoil within the digital asset market that has already wiped trillions of {dollars} off the entire worth of cryptocurrencies. Some computer-driven funds — which use algorithms to attempt to predict and commerce worth strikes in crypto and different markets — have picked up winnings from speedy declines in belongings reminiscent of bitcoin and luna, whilst many different traders are struggling large losses.
42% of AuM Across Private Capital is Managed by Funds That have an Active ESG Policy (Opalesque)
Opalesque Industry Update – Preqin has published its annual Environmental, Social, and Governance (ESG) report: ESG in Alternatives 2022: The Transparency Tipping Point. The report provides the latest insights on developments in what is becoming a necessary competency for private market managers that want to meet the growing expectations of investors toward evidencing ESG integration. ESG has risen to the fore in recent years, and regulations are becoming more prescriptive in what is expected of managers in private capital markets. Many investors and managers are still developing their expertise and are increasingly demanding data to evidence how ESG is being incorporated into strategy formation, deal sourcing, and execution. Preqin is the global leader in alternative assets data, tools, and insights.
