Cipriani to Get New Lifeline With Money From Hedge Fund (The Wall Street Journal)
King Street Capital said to be in advanced talks to refinance about $150 million of operating debt. A New York City investment fund is poised to provide a financial boost to Cipriani, nearing a deal that would refinance loans for the Italian hospitality company’s U.S. operations while helping fund its future expansion. King Street Capital Management is in advanced talks to refinance about $150 million of operating debt held by Cipriani’s U.S. subsidiary, according to people familiar with the matter.
Citadel Securities Ready for Crypto ETFs When Regulators Approve (Bloomberg)
Ken Griffin’s Citadel Securities is willing to make markets in exchange-traded funds that hold cryptocurrencies, if regulators allow it. “We will be ready if and when those products are approved, but we are taking a measured approach,” Kelly Brennan, head of the firm’s ETF group, said in an interview at Bloomberg’s headquarters in New York, adding that the firm can’t provide liquidity until regulatory issues are resolved.
Miami-Based Hedge Fund Windward Management Chooses SS&C’s Front-to-Back Solution for Trading, Operations and Portfolio Accounting (Hedge Week)
Windward Management LP, a Miami-based hedge fund management firm, has launched its operations with SS&C Technologies’ front-to-back office solution. SS&C will provide fund administration, order and execution management, investor relations, compliance and regulatory services. Windward Management LP, run by Marc Chalfin (CIO), uses a deep, fundamental, value with a catalyst approach, making concentrated long and short equity investments where there are significantly skewed and asymmetric risks/rewards. In addition, SS&C will support fund and investor accounting, FATCA and CRS compliance and Form 13-F filings.
Photo by Austin Distel on Unsplash
Preqin Picks: Tricor China and Tsinghua University PBC School of Finance’s Insights on China Hedge Funds (Preqin)
Tricor China and Tsinghua University PBC School of Finance (Tsinghua PBCSF) jointly released China Hedge Fund Report 2022, which presents interpretations of how hedge fund investment strategies in the Chinese capital market are evolving, especially in terms of market share, performance, and compliance with applicable rules and regulations. Based on careful analysis of market practices, we hope to provide suggestions to foreign investors looking to establish and operate hedge funds in China.
Bain-Backed $44 Billion Wealth Manager is Bullish on India REITs (Money Control)
Indian infrastructure and real estate investment trusts present a good buying opportunity for investors seeking a hedge against inflation as the nascent market grows, according to a $44 billion wealth manager backed by Bain Capital. IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said in an interview.
