HEDGE FUNDS
Institutional investors withdrew $26 billion from hedge funds in the third quarter amid market volatility and positioning for inflation, HFR said.
In a letter to the board, Sculptor Capital's co-founder alleges he and senior management have been in contact with parties interested in acquiring the firm.
Ray Dalio, the founder of Bridgewater Associates, has completed the transition of control of the world's largest hedge fund to its operating board of directors.
Hedge funds-of-funds managers see modest growth as they navigate tough global markets to provide diversity and returns for investors.
Mudrick Capital hired Thomas Bachner, Bridgewater's former global head of institutional partnerships, as president of the credit manager.
FTX Ventures acquired a 30% interest in SkyBridge Capital, with SkyBridge using part of the proceeds to buy $40 million in cryptocurrencies.
Tiger Management founder Julian Robertson, mentor to a group of investors known as Tiger Cubs, has died at 90.
Ryan Israel was named CIO of Pershing Square Holdings as William A. Ackman said he will remain CEO, portfolio manager and ultimate decision-maker.
Tiger Global Management's hedge fund gained just 0.4% in July, narrowing its loss this year to 49.8%.
UBS O'Connor appointed Blake Hiltabrand as new global head, replacing Kevin Russell, who is leaving the hedge fund unit.
