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Dow Jones futures rise as markets bet on Fed rate hold, tech recovery

Dow Jones futures gain by 0.38% to trade near 52,380 during European hours on Tuesday. S&P 500 futures surge 0.13% to trade around 7,740, while Nasdaq 100 futures lose by 0.12% to near 29,690.

Dow Jones futures rise as markets bet on Fed rate hold, tech recovery

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Two Sigma executive to exit amid ongoing founders' dispute

Two Sigma Investments is facing another senior leadership departure as Seth Platt prepares to leave the $85bn hedge fund amid a prolonged governance dispute between co-founders David Siegel and John…

  • Two Sigma executive Seth Platt to exit amid governance dispute
  • Platt requests replacement as co-CEO within two years
  • Co-founders Siegel and Overdeck stepped down as co-CEOs in 2024

Charlesbank invests in US law firm’s back-office operations in $700m deal

Charlesbank Capital Partners has invested in the non-legal operations of US law firm Wood Smith Henning & Berman (WSHB) in a transaction reportedly valuing the business at approximately $700m…

  • Charlesbank Capital Partners invests $700m in WSHB's back-office operations
  • Wood Smith Henning & Berman has 550 lawyers across 23 US states
  • Investment aims to drive geographic expansion and technology development

Former Citi trader set to leave Capula after three months

Michele Beretta, a former European government bond trader at Citigroup, is reportedly leaving London-based macro hedge fund Capula Investment Management just three months after joining, according to a…

  • Michele Beretta leaves Capula Investment Management after 3 months.
  • Former Citi trader joins macro hedge fund in July.
  • Departure coincides with challenges for European macro funds.

Hedge funds review partnership structures after BlueCrest £200m tax defeat

UK hedge funds are reviewing their partnership structures and negotiating with HM Revenue & Customs (HMRC) following BlueCrest Capital Management's £200m Supreme Court defeat, which has raised the…

  • UK hedge funds reviewing partnership structures post £200m Supreme Court loss.
  • HMRC reigniting investigations into City firms over tax obligations.
  • Ruling classifies most partners as employees for tax purposes, forcing adjustments.

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