Hedge fund giant Citadel has experienced further turnover in its business development ranks, with Laura Sterner resigning as Head of Business Development for the firm’s Global Equities unit after only two months, according to a report by Business Insider.
BMLL, one of the world’s leading independent providers of historical data and analytics to hedge funds, banks, brokers, asset managers, and global exchange groups, has been selected to support EuroCTP as part of the EU’s Consolidated Tape initiative.
Hedge fund Elliott Investment Management is undertaking efforts to reassure its investors after revealing that its long-term returns have lagged the S&P 500, according to a report by the Financial Times.
Veteran investor Jim Chanos has closed out his long-standing short position against Strategy Inc, according to a report by Bloomberg. The wager had focused on Strategy’s crypto holdings.
Major hedge-fund firms are expanding into private-markets investing, leveraging their risk-pricing capabilities and talent infrastructure to compete in areas traditionally dominated by buy-out and venture-capital players, according to a report by Bloomberg.
Hedge-fund manager Point72 Asset Management has reported gains of approximately 30% for its new Turion fund this year, driven by strong performance in artificial intelligence related equities, according to a report by Bloomberg.
Digital asset investment products saw a second consecutive week of outflows totalling $1.17 bn, driven by post-liquidity cascade volatility and uncertainty over a potential US rate cut, according to CoinShares.
Man Group Plc, the UK-based hedge fund giant, is capitalising on rising client interest in sustainable investing after securing a $13.2bn mandate from Dutch pension fund PFZW in September, according to a report by Bloomberg citing unnamed sources.
Cliff Asness, co-founder of AQR Capital Management, says US equities look historically expensive but not dangerously overvalued, arguing that while prices are high, they fall short of the excesses seen during past bubbles, according to a report by Bloomberg.
Jivko Jekov, a senior energy trader at Millennium Management, has departed the hedge fund three years after joining to build its energy trading team, according to a report by Bloomberg citing unnamed sources familiar with the matter.
