Factbox: Elliott Associates Sues London Metal Exchange for Cancelled Trades (Reuters)
A lawsuit brought by Elliott Associates and Jane Street Global Trading against the London Metal Exchange (LME) for cancelling nickel trades during chaotic trading in March 2022 will be heard in a London court on June 20-22. On March 8, 2022 nickel prices more than doubled in a matter of hours to a record above $100,000 a tonne, prompting the exchange to suspend trading for the first time since 1988 and cancel all nickel trades on that day.
Odey’s Only Female Money Manager Posts Gain But It’s Not Enough to Keep Clients (Bloomberg)
Sophia Whitbread, the only female portfolio manager at what used to be Crispin Odey’s investment empire, has been the best performer among her peers in the firm since a crisis engulfed the company earlier this month. But that hasn’t been enough to retain clients. Whitbread’s Brook Global Emerging Market fund has gained 5% since fresh sexual assault allegations against Odey surfaced in a Financial Times investigation on June 8. Yet the fund’s assets have since dropped by almost 36% to about $64 million as investors pulled their money, according to data compiled by Bloomberg.
Tiger Global Struggling to Attract Cash for New VC Fund (PrivateEquitywire.co.uk)
Tiger Global Management LLC is struggling to attract commitments for its latest venture capital investment vehicle, with the hedge fund firm having so far secured about a third of its $6 billion target, according to a report by Bloomberg. The report cites a regulatory filing made on Friday as revealing that Private Investment Partners Fund 16 has attracted capital commitments of $2.06 billion since Tiger Global began marketing it to investors in October last year.
Image: Depositphotos
Three Arrows Capital’s NFTs Break Auction Record (FiNews.Asia)
Non-fungible tokens previously owned by collapsed crypto hedge fund Three Arrows Capital set a new auction record in New York. A digital collection of 37 artworks previously owned by Three Arrows Capital fetched nearly $11 million at Sotheby’s in New York, marking a new auction record for works sold as non-fungible tokens (NFT).
Öhman Fonder Appoints Lena Öberg as CIO (Hedge Nordic)
Stockholm (HedgeNordic) – Lena Öberg has been appointed as the Chief Investment Officer of Swedish asset manager Öhman Fonder. Most recently, she served as the Head of Absolute Return Selection at DNB Asset Management and was part of the portfolio management team overseeing the multi-strategy hedge fund DNB Multi Asset. “I am delighted to go to Öhman Fonder, which has a strong offering in both traditional and more niche management, high ambitions in sustainability and a clear customer orientation,” Lena Öberg comments on joining Öhman Fonder. “I am excited to be involved and contribute to the company’s continued development.”
