Brazil’s hedge fund industry is undergoing a sharp reversal, with prominent managers closing or restructuring independent firms and major banks increasingly stepping in to absorb investment teams and strategies, according to a report by Bloomberg.
Arini Capital Management’s head of US investments Gavin Yates has left the credit-focused hedge fund, marking another senior departure as the firm adjusts its investment team following a difficult period for performance, according to a report by Bloomberg.
Two Sigma’s billionaire co-founders are facing fresh arbitration proceedings as a long-running dispute over governance and management at the $80bn quantitative hedge fund continues to escalate, according to a report by Bloomberg.
Millennium Management is taking legal action against a Dymon Asia Capital portfolio manager in Hong Kong after she accepted a job offer from the multi-strategy hedge fund and subsequently decided to remain with her current employer, according to a report
Marshall Wace is preparing to establish a Tokyo office next year, adding the $90bn UK asset manager to a growing list of global hedge funds expanding their footprint in Japan, according to a report by Bloomberg.
Marex has expanded its prime brokerage capabilities with the launch of a proprietary liquidity aggregation platform covering foreign exchange and precious metals, targeting hedge funds, asset managers and other professional investors.
US equity futures edged lower and Treasury yields were broadly steady on Friday as investors held back from making major moves ahead of Federal Reserve Chair Kevin Warsh’s closely watched speech at the Jackson Hole symposium, according to a report
DeepSeek is seeking additional outside capital to finance its ambitions in artificial intelligence, putting greater pressure on the hedge fund founded by Liang Wenfeng to support a business that is becoming increasingly expensive to operate, according to a report by
Agave Capital Management, the London-based macro hedge fund launched by former Citadel portfolio manager and partner Gilberto Marcheggiano, appears to have made a strong start after launching with approximately $1bn in assets last year, according to a report by eFinancial
Citadel Securities generated a record $7.3bn in trading revenue during the second quarter as heightened market volatility created a lucrative environment for the world’s largest electronic market makers, according to a report by Bloomberg.
