Point72 has strengthened its global macro investment platform with the appointment of a senior trading executive from AQR Capital Management, continuing the hedge fund’s investment in discretionary macro capabilities, according to a report by eFianncial Careers.
Millennium Management has reportedly hired natural gas trader Ryan Sheffler from Castleton Commodities International, a move that underscores the fierce competition among multi-strategy hedge funds to build out commodities trading teams, according to With Intelligence.
Prediction markets platform Kalshi has recruited a quantitative developer from Citadel, underscoring its efforts to strengthen its engineering and trading technology capabilities as the fast-growing firm continues to expand, according to a report by eFinancial Careers.
Several of Asia’s largest multi-strategy hedge funds posted their steepest monthly losses of the year in July as a sharp reversal in semiconductor and AI -related stocks across the region erased a portion of the strong gains generated during the
Altimeter Capital Management’s hedge fund fell 11% in July, joining a growing list of investment firms that suffered double-digit losses as the sharp reversal in AI-related stocks rattled hedge fund portfolios, according to a report by Bloomberg.
Citadel’s flagship Wellington fund delivered a strong performance in July, benefiting from the acquisition of a discounted portfolio of artificial intelligence-related equities from hedge fund Situational Awareness following the firm’s rapid deleveraging during the recent market correction, according to report
Liquidators for collapsed crypto hedge fund Three Arrows Capital (3AC) are pursuing legal action against the wife of co-founder Zhu Su in a bid to recover approximately $40m from the sale of a Dubai property they allege was acquired using
The sharp losses suffered by AI-focused hedge fund Situational Awareness were driven by concentrated, leveraged positions in crowded trades rather than a coordinated assault by short sellers, according to a report by Bloomberg citing analytics firm S3 Partners.
Global hedge funds surrendered almost three percentage points of performance in July as a sharp reversal in technology stocks triggered losses across multiple strategies, although the industry remains up around 8% for the year, according to a report by users
FIFTHDELTA, the $1.5bn hedge fund founded by former Citadel portfolio managers Niall O’Keeffe and Tio Charbaghi, generated an 8.6% return in July, capitalising on sharp market swings that caught many technology-focused managers off guard, according to a report by Bloomberg.
