Hedge Fund News

NEW YORK--(BUSINESS WIRE)--The Simplify Downside Interest Rate Hedge Strategy ETF (RFIX) has been renamed the Simplify Bond Bull ETF (RFIX)....

GREENWICH, Conn.--(BUSINESS WIRE)--Eagle Point Institutional Income Fund (the “Fund”) is pleased to announce the declaration of distributions on the Fund’s 8.125% Series A Term Preferred Shares due 2029 (the “Preferred Shares”) as follows: Amount per Preferred Share Record Date Payable Date $0.169271 April 10, 2025 April 30, 2025 $0.169271 May 12, 2025 May 30, 2025 $0.169271 June 10, 2025 June 30, 2025 The distributions on the Preferred Shares reflect an annual distribution rate of 8.125% of th...

FORT WORTH, Texas--(BUSINESS WIRE)--Crestline Summit, the public markets hedge fund division of Crestline Investors, Inc., announced today its rebranding as SummitTX (pronounced “Summit ‘T’ ‘X’”) and the independent registration of SummitTX Capital, L.P. as the SEC Registered Investment Adviser for the SummitTX Funds. The rebranding represents a broader effort to elevate the hedge fund business and brand while creating a clear distinction between Crestline’s public markets and private markets b...

FORT WORTH, Texas--(BUSINESS WIRE)--Crestline Investors, Inc., a global alternative investment manager, today announced that it has closed Crestline Direct Lending CLO I, LLC, a $1 billion collateralized loan obligation (“Crestline CLO”). This CLO represents one of the largest new issue middle-market CLOs of 2024, which reaffirms Crestline’s position and expertise within middle-market direct lending. GreensLedge Capital Markets served as arranger and lead placement agent, NatWest Markets Securi...

CHICAGO--(BUSINESS WIRE)--Northern Trust’s FlexShares Exchange Traded Funds announced the liquidation and termination of the FlexShares International Quality Dividend Defensive Index Fund (Ticker: IQDE) (the “Fund”). Prior to and through the close of regular trading (the “Close of Trading”) on the NYSE Arca, Inc. (“NYSE Arca”) on or about January 21, 2025 (the “Closing Date”), the Fund will undertake the process of closing down and liquidating its portfolio. The Fund will discontinue accepting...

RIDGEWOOD, N.J.--(BUSINESS WIRE)--Castine announces its acquisition of ResearchPool, maker of industry-leading products for investment managers to manage, search, and leverage the research that they originate as well as all research they obtain from their brokers and independent research providers. According to Robin Hodgkins, President of Castine, “we already facilitate the payment of hundreds of millions of dollars for research; ResearchPool’s ability to manage research that an investment man...

NEW YORK--(BUSINESS WIRE)--CAIS, the leading alternative investment platform for independent financial advisors, today unveiled a series of new trade capabilities that will be made available to the over 2,000 wealth management firms that utilize the CAIS alts operating platform. The new solution, which features a more intuitive and flexible investment experience, was designed to simplify the alternative investment lifecycle for financial advisors. “We are thrilled to unveil our new trade capabi...

NEW YORK--(BUSINESS WIRE)--Hazeltree, the leading provider of integrated treasury and liquidity management solutions for the alternative asset management market, is excited to announce the expansion of its zConnect platform. This strategic move bolsters Hazeltree’s global bank connectivity capabilities which drive fund performance while also enhancing efficiency, security, and operational excellence for hedge funds, private equity firms, and fund administrators. Since its inception, Hazeltree’s...

NEW YORK--(BUSINESS WIRE)--Velocity Clearing, a global financial services firm, today announced it has opened a new office in Chicago, as it expands its execution, clearing and custody operations including the options markets. To help commemorate the growth milestone, representatives from Velocity Clearing will ring the closing bell at the Cboe Global Markets trading floor in Chicago on Monday, September 23 at 3:15 pm CT. Options trading is one of multiple asset classes trading by Velocity Clea...

NEW YORK--(BUSINESS WIRE)--Forty-year hedge fund research executive Marc Greenberg, CFA, announced today he has launched Greener Pastures to advise long / short funds about how to optimize their research departments’ and investment professionals’ talent to improve firm performance. Greenberg, formerly Director of Research and Professional Development of Point72 Asset Management and the creator of the revolutionary quantamental Point72 Idea Lab, says many firms exist to find talent, but no firms...