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Ex-TCI partner Edgar Allen’s hedge fund surges 25%

Hedge Funds

Hedge Funds Correspondent

The Pall Mall based hedge fund has ticked up again

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Former TCI partner Edgar Allen’s hedge fund has extended its year-to-date returns to more than 25% after a jump in August.

Allen’s High Ground Investment Management fund rose 5% in August on the back of winning equity bets, according to people familiar with the matter. The fund’s year-to-date returns now stand at 25.4%.

High Ground, which manages $1.8bn, continues its bumper year

Bilal Jafar

Investing

Royal London Asset Management CIO Piers Hillier to exit

M&G shaves more than £200m off costs as it edges towards end of year target

Lombard Odier IM acquires Dutch firm Ownership Capital

JPMorgan hires seven for Nordics mid-market push 

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The US bank has unveiled a flurry of new recruits for its mid-market business

JPMorgan promotes senior private banker Folarin Oyeleye to head of Emea lending

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A shake-up of the Wall Street firm’s UK private banking team continues

Sullivan & Cromwell bolsters London office with two partners

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Sullivan & Cromwell bolsters London office with Kirkland, Weil partners

The elite US law firm has added restructuring and private equity heavyweights from Kirkland and Weil as it expands its London team

The U.S. private-equity firm agreed to buy Australian share-registry provider Automic in the firm’s first local acquisition since opening its Sydney office.

Advent Acquires Australian Share-Registry Provider Automic

Annual inflation picked up pace a little in the eurozone last month, cementing expectations that the ECB will leave interest rates unchanged next week.

Eurozone Inflation Accelerates, Priming Continued Rate Pause by ECB

The WLFI token traded far above its previous value, confirming—at least on paper—a huge windfall for the president and his sons.

Trump Family Amasses $5 Billion Fortune After Crypto Launch

Laurent Freixe is out after just a year in the top job at the food giant, which is trying to sell a number of underperforming businesses.

Nestlé Fires CEO Following Probe of Romantic Relationship With Subordinate

A loss of independence at the Federal Reserve could have serious consequences for both the U.S. and the global economy, the eurozone’s top central banker warned.

Threats to Fed Independence Are ‘Very Worrying,’ ECB’s Lagarde Says

The main difference between America’s brand of capitalism and elsewhere: a focus on the individual and an incentive to take risks.

How—and Why—U.S. Capitalism Is Unlike Any Other

Individual traders and social-media influencers pushed to oust the CEO of Opendoor Technologies, and got what they wanted.

A Band of Retail Investors Powered the Meme-Stock Rally. Now They’re Flexing. 

The S&P 500 has never been this expensive, or more concentrated in fewer companies.

U.S. Stocks Are Now Pricier Than They Were in the Dot-Com Era

It isn’t just Microsoft—companies are adopting a new, harder-line playbook for dealing with political debate at work.

The Boss Has Had It With All the Office Activists

The German pharmaceutical company is backed by private-equity firms Bain Capital and Cinven.

Stada Eyes IPO in Autumn if Conditions Are Right

Abbe Lowell’s clients include a Fed governor and New York’s attorney general—and formerly members of the Trump family.

Banks including JPMorgan, Citi and UBS left the NZBA in the past year as they faced pressure from the Trump administration to ditch green pledges.

Net-Zero Banking Alliance Suspends Activities Amid Wave of Departures

Companies are snapping up “AI native” talent straight out of college and grad school. “Under 25, you can be making a million.”

These AI-Skilled 20-Somethings Are Making Hundreds of Thousands a Year

The asset class has shifted to late-stage lending as companies remain private for longer.

Venture Debt Firms Tilt Toward Mature Companies

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