Brazilian hedge fund SPX Capital is undergoing a major restructuring, with senior partners departing and a rethink of operations that will include shutting its London office, people familiar with the matter said. Partners Marcelo Castro and Marcella Libardoni are among those leaving the firm, the people said, asking not to be identified because the information is private. Castro, a board member an...
Brazilian hedge fund SPX Capital is undergoing a major restructuring, with senior partners departing and a rethink of operations that will include shutting its London office, people familiar with the matter said. Partners Marcelo Castro and Marcella Libardoni are among those leaving the firm, the people said, asking not to be identified because the information is private. Castro, a board member and head of multi-asset who had been at the firm since 2020, is exiting with his team, they added. Libardoni had been with SPX since 2011. As the firm closes its London office — where both partners were based — employees will be transferred elsewhere, the people said. The firm, which oversaw about $11 billion as of late April, is restructuring its macro unit as it focuses on improving lackluster performance, one of the people said. Bruno Pandolfi , one of its co-founders, will oversee the area, while co-founder Rogerio Xavier will take on significantly less risk, the people added. Castro and Libardoni didn’t immediately respond to requests for comment outside of regular business hours. Read More: Three SPX Capital Portfolio Managers Exit $10 Billion Hedge Fund SPX’s flagship Nimitz fund is down 0.2% in local-currency terms after fees this year while its Raptor fund — a more aggressive version of Nimitz — is down 4.5%. Both trail an advance of about 2% for the Anbima Hedge Fund Index, which tracks a basket of Brazilian hedge funds. SPX was founded in 2010 by Xavier, Pandolfi and Daniel Schneider . In addition to London, it has offices in New York, Sao Paulo, Rio de Janeiro, Cascais and Singapore.
Amazon.com (NasdaqGS:AMZN) has launched Amazon Supply Chain Services, opening its logistics, fulfillment, and delivery network to external businesses across sectors such as healthcare, automotive, manufacturing, and retail. The new offering targets large enterprises and brands, with early users including Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move positions Amazon as...
Amazon.com (NasdaqGS:AMZN) has launched Amazon Supply Chain Services, opening its logistics, fulfillment, and delivery network to external businesses across sectors such as healthcare, automotive, manufacturing, and retail. The new offering targets large enterprises and brands, with early users including Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters. This move positions Amazon as a direct competitor to global logistics providers by offering its freight, warehousing, and...
With Meta Platforms trading at around US$612.88, this breakdown focuses on what investors are paying for the business today and whether it still appears to be a solid opportunity or if much of the easier upside may already have been realized. The stock has been volatile recently, with a 7 day return of an 8.4% decline, a 30 day return of 7.0% and a year to date return of a 5.8% decline. This comes...
With Meta Platforms trading at around US$612.88, this breakdown focuses on what investors are paying for the business today and whether it still appears to be a solid opportunity or if much of the easier upside may already have been realized. The stock has been volatile recently, with a 7 day return of an 8.4% decline, a 30 day return of 7.0% and a year to date return of a 5.8% decline. This comes even as the 1 year return sits at 3.0% and the 3 year return is described as very large. Recent...
(RTTNews) - The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had slumped almost 300 points or 1.2 percent. The Hang Seng Index now rests just above the 26,210 point p
(RTTNews) - The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the two-day slide in which it had slumped almost 300 points or 1.2 percent. The Hang Seng Index now rests just above the 26,210 point p