Hedge funds, including Millennium Management, Citadel, Balyasny Asset Management, and Squarepoint Capital, are increasingly recruiting meteorologists and climate data scientists as extreme weather events drive volatility in commodities markets, according to a report by Bloomberg.
The Managed Funds Association (MFA) has called on the US Securities and Exchange Commission (SEC) to reform or rescind key regulations introduced over the past four years, citing excessive costs and operational burdens for private fund managers, according to a
Multi-strategy hedge funds are grappling with their most significant challenge since the early days of the pandemic as a sharp market selloff forces firms to rapidly unwind crowded trades, according to a report by Bloomberg citing sources familiar with the
Hedge funds significantly reduced both long and short positions in Asia on Monday, following a wave of unwinding in the US and Europe last Friday, according to a report by Bloomberg citing a client note from Goldman Sachs Group Inc.
Veteran quant trader Jeff Berton has made the leap from investment banking to hedge funds, joining multi-strategy major Millennium as Global Head of Equity Volatility Risk in New York, according to a report by eFinancialCareers.
Syz Capital, the $2bn investment arm of the family-owned Syz Group, has launched the Syz Capital BTC Alpha Fund, a new bitcoin-denominated fund of cryptocurrency hedge funds, with Coinbase acting as prime broker and custodian.
San Francisco City & County Employees’ Retirement System (SFERS) has allocated $100m to Qube Research & Technologies’ flagship Qube Fund, further strengthening its exposure to the multi-strategy hedge fund space, according to a report by Pensions and Investments Online.
Brad Schneider has rejoined Millennium Management from rival multi-strategy firm Citadel as a Senior Portfolio manager after previously working at the firm between 2018 and 2021, according to a report by eFinancialCareers.
Hedge fund Anson Funds is preparing for a proxy contest at Match Group, with plans to nominate multiple directors to the online dating giant’s 10-member board, according to a report by Reuters citing sources familiar with the matter.
Hedge fund Point72 has hired Kendall Jager, a former Millennium data scientist and one of Forbes’ “30 Under 30” alumni, as Head of AI for Investment Services, according to a report by eFinancial Careers citing a social media post by
