(Bloomberg) -- Credit Suisse Group AG is planning a sweeping overhaul of the hedge fund business at the center of the Archegos Capital blow up, as the drama forces Wall Street banks to reconsider how they finance some of their most lucrative clients.The Swiss bank is weighing significant cuts to its prime brokerage arm in coming months, people familiar with the plan said.
Firm Concludes Fundraising for Alkali Fund V, a Private Vehicle Expected to Target Structured and Opportunistic Credit Investments NEW YORK, April 6, 2021-- The D. E. Shaw group, a global investment and technology development firm, announced today that it has raised $1 billion in commitments for D. E. Shaw Alkali Fund V ("Alkali V"), a private vehicle that is expected to primarily target stressed and distressed assets, financings, and special situations opportunities, generally with investment horizons of up to five years.
CI Financial to acquire remaining stake in Lawrence Park Asset Management Submitted 06/04/2021 - 10:45am CI Financial Corp is to acquires full ownership of alternative fixed-income investment firm Lawrence Park Asset Management (Lawrence Park). CI currently holds a minority interest in Lawrence Park, a Toronto-based alternative asset manager founded in 2011. Lawrence Park manages approximately CAD600 million of assets specialising in credit-focused strategies, including a hedge fund, a liquid alternatives fund and an ETF. "The Lawrence Park team has decades of experience in fixed-income markets and alternative investing, and has been a valued partner for CI since 2012.
Investment to support company's next phase of growth, with focus on product innovation and hiring top talent CHICAGO, April 1, 2021-- Aclaimant, an insight-driven workflow platform for safety and risk management, today announced it has raised $15 million in Series B equity and debt funding led by Next Coast Ventures. This brings the company's total funds raised to over $20 million. Adam Rogers, former CEO of Ultimate Software, and existing investors Mercury Fund, KEC Ventures, Royal Street Ventures, and Aspen Capital Group also participated in the round. Aclaimant's Series B financing follows a year of significant growth and momentum.
TSX: NWH.UN TORONTO, April 1, 2021 /CNW/ - NorthWest Healthcare Properties Real Estate Investment Trust (TSX:NWH) ("NorthWest" or the "REIT") is pleased to announce the appointment of Mr. Dale Klein to its board as an independent trustee and a member of its audit committee effective April 1, 2021. Mr. Klein brings more than three decades of experience in the real estate industry in a variety of capacities including finance, property acquisition, development, asset management, underwriting, and risk management.
Credit Suisse Investor Alert: Kaplan Fox Investigates Potential Securities Fraud At Credit Suisse Group Ag
NEW YORK, April 01, 2021 (GLOBE NEWSWIRE) -- Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Credit Suisse Group AG ("Credit Suisse" or the "Company"), including purchasers of Credit Suisse American Depositary Shares ("ADSs") (NYSE: CS). On March 29, 2021, before the U.S. markets opened, Credit Suisse disclosed in an SEC filing that "[a] significant US-based hedge fund defaulted on margin calls made last week by Credit Suisse and certain other banks" and that the resulting loss "could be highly significant and material to [the Company's] first quarter results. . .
U.S. Treasury Secretary Janet L. Yellen today convened a meeting of the Financial Stability Oversight Council (Council) in executive and open sessions by videoconference. During the executive session, the Council heard an update from the Office of Financial Research (OFR) about hedge fund activities. The presentation addressed hedge fund activities during the market stresses in March 2020, including the relationship between hedge funds' deleveraging and price declines in certain financial markets. The Council also discussed recent market developments related to hedge fund activities.
Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective US$9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital.
LONDON (Reuters) - Shares in Nomura and Credit Suisse fell further on Wednesday, with a collective $9 billion wiped off their market value so far this week as the banks braced for big losses from the blow-up of U.S.-based hedge fund Archegos Capital. Credit Suisse and Nomura were slower than rivals to cut their exposure to Archegos, a family office run by former Tiger Asia manager Bill Hwang. Global lenders that acted as brokers for Archegos may have to write down more $6 billion after the fund defaulted on payments, Reuters has reported.
Dark Forest partners LeverData Submitted 29/03/2021 - 9:04am Dark Forest Capital Management, a systematic hedge fund, is to use the LeverData platform to centralise the onboarding and daily ingestion of data to facilitate the firm's investment process. While many quantitative and fundamental hedge funds wrestle with the process of consuming massive amounts of data on a daily basis, Dark Forest chose to partner with LeverData to manage this process. "The process of bringing in data from multiple disparate sources on a regular basis is not easy," says to Michael DeAddio, Chief Operating Officer at Dark Forest.