The firm has created a joint venture with London-based Hobart Capital Markets called Odeon Hobart Partners, a new division located in London that will focus on high yield transactions.
BTIG, a broker dealer specializing in institutional trading and related brokerage services, said on Tuesday it hired Michael Nethercott as a director in equity sales trading.
The Hennessee Hedge Fund Index, a measure of more than 1,000 funds tracked by the firm, gained 1.91% in July, while the S&P 500 rose 6.88%, the Dow Jones Industrial Average was up 7.08%, and the NASDAQ climbed 6.90%.
Och-Ziff Capital Management Group LLC, a multi-strategy hedge fund manager, said on Tuesday it recorded a GAAP net loss of $89.4 million, or $1.05 per share, in the second quarter.
Wyndham Worldwide Corp. said it completed a term securitization transaction involving the issuance of $350 million of investment-grade ABS notes called Sierra Timeshare 2010-2 Receivables Funding.
Investor preference for the biggest hedge funds leaves others struggling to stay afloat as compliance costs climb.
After a rough second quarter, many managers are scrambling to stave off redemptions and stay afloat
Tennenbaum Capital Partners, which specializes in troubled assets, hired Geoffrey Jones as a principal in anticipation of an ongoing need for backers of distressed businesses.
Large private-equity firms are buying up collateralized loan obligations to generate higher returns for their investors, and the purchases have helped resuscitate a market that was in severe distress just a year ago.
Ex-Traxi pro helps MorrisAnderson with East Coast expansion.