Hedge funds are sourcing more local talent in Florida than anywhere else in the US, and matching New York in front-office recruitment, according to a report from South Florida Business Journal, citing investment management executive search firm The Kronor Group.
Hedge fund Sona Asset Management is positioning to capitalise on the recent turmoil in European leveraged loans, targeting mis-priced debt and dislocated credit opportunities across the region, according to a report by Bloomberg.
Point72 Asset Management, the hedge fund firm founded by Steve Cohen has hired Bobby Previti, formerly a Bank of America managing director, as a macro portfolio manager in London, according to a report by Financial News London.
Money managers focused on emerging markets are turning their attention to Latin America, as upcoming elections could align some countries closer to the United States, prompting a rally similar to the one seen in Argentina, according to a report by
London-headquartered multi-strategy hedge fund Eisler Capital is shutting its New York office and laying off 79 staff by December 28, according to a report by Bloomberg citing a recent filing with the New York State Department of Labor.
Multi-strategy hedge fund firm Balyasny Asset Management has bolstered its New York team by hiring Bernard Yiu, a mortgage-backed securities portfolio manager formerly at Verition, according to a report by eFinancial Careers.
Hedge funds moved quickly to cover short positions on Friday which were undermined after a sharp rebound in US equities, according to a report by Bloomberg.
Bill Ackman is preparing a dual-offering structure through his firm Pershing Square Capital Management and a new closed-end investment vehicle, Pershing Square USA, according to a report by the Wall Street Journal citing sources familiar with the matter.
Verition Fund Management is expanding its energy trading platform in a year when many commodity specialists have struggled to generate returns hiring around 10 senior energy traders across London and Dubai over the past year, according to a report by
Top Federal Reserve Governor Lisa Cook has sounded the alarm on the potential systemic risks posed by hedge funds in US Treasury markets, highlighting how crowded trades could amplify market instability during periods of stress, according to a report by
