Hedge funds

The fund’s losses stem from bearish wagers on global interest rates, according to a person familiar with the matter.

The only remaining founder of GSO Capital has left to build a family office and find new opportunities to spend the wealth he’s amassed over 35 years.

Investment banks are increasingly studying the relative positioning of funds that compete with each other to beat benchmarks.

If approved, the fund would be the first in the U.S. to follow a quantitative approach that allocates across asset classes based on risk.

If approved, the actively managed product will hold anywhere from 60 to 100 equities across sectors and will have no position holding over 5%.

The revamped fund from BP Capital will now track an index of companies that derive “significant revenue” from sustainable energy.

Of the 468 hedge funds that used Goldman Sachs’ prime brokerage services in the past decade, half have shuttered.

Opening the door to retail money comes with risks, including the danger of exposing financial neophytes with relatively limited savings to complex investments.

A Financial Action Task Force note on digital asset oversight is “one of the biggest threats to crypto today,” a research executive said.

The firm plans to focus on raising money for products that lock up capital for several years, according to people with knowledge of the matter.