Balyasny Asset Management is ramping up its data capabilities with a string of high-profile hires from rivals including Citadel and Morgan Stanley, as hedge funds increasingly compete for talent once dominated by tech giants and electronic trading firms, according to
The University of California’s $190bn investment arm has exited hedge funds entirely, finalising a wind-down that began in 2020, and delivering a stinging critique of the industry’s failure to protect capital during key market crises, according to a report by
US brokerage firm Clear Street is ramping up its UK operations with a major push into outsourced trading and synthetic prime brokerage, targeting a growing pool of under-serviced hedge funds and asset managers, according to a report by Financial News.
Goldman Sachs’ second-quarter earnings delivered a clear message – its bet on hedge fund clients is paying off in a big way, as the investment bank posted record equity trading of $4.3bn, according to a report by Bloomberg.
Elliott Investment Management, the $70bn activist hedge fund firm led by Paul Singer, is embroiled in a courtroom battle with Texas-based private equity firm Stronghold Investment Management over tens of millions in disputed fund expenses, according to a report by
Hewlett Packard Enterprise has struck a boardroom truce with activist investor Elliott Investment Management, naming veteran tech executive Robert Calderoni to its board and establishing a new strategy committee he will chair, according to a report by Reuters.
A high-stakes legal battle has erupted between Walleye Capital and former volatility arbitrage head Geoff Tennican, highlighting the intensifying tensions hedge funds face when top talent exits to launch rival ventures, according to a report by Bloomberg.
Unlimited has added two new actively managed ETFs to the firm’s hedge fund replication suite – the Unlimited HFMF Managed Futures ETF (HFMF) and the Unlimited HFEQ Equity Long/Short ETF (HFEQ) – offering investors wider access to hedge fund-style strategies.
Hedge fund giant Millennium Management has reportedly lost one of its top-performing portfolio managers from its flagship quant unit Azur, with his proposed departure sparking a legal battle over restrictive covenants, according to eFinancial careers.
Hedge funds are showing renewed interest in China’s $19tn equity market, three years after many shunned it as “uninvestable,” drawn by tech opportunities and the chance to diversify beyond crowded US assets, according to anecdotal evidence supported by data from
