Lone Pine Capital, the $15bn Greenwich, Connecticut-headquartered hedge fund firm founded by Tiger Cub Stephen Mandel, bounced back with strong returns in 2023, following a wave of client redemptions and big losses in 2022, according to a report by Business
Hedge funds that make money from M&A arbitrage are set to benefit amid signs that the deal activity is beginning to recover after 2023 turned out to be the sector’s worst year for a decade, with deal volume totalling just
Multi-strategy major Citadel has parted company with two of its portfolio managers – Matthew Carter-Tracy and Jospeh DiGiacomo – while another – Ben Shapiro – is rejoining Ken Griffin’s $62bn firm, according to a report by Bloomberg.
The incorporation of environmental and social metrics into investment strategies is becoming increasingly common among hedge fund managers, according to a report by Bloomberg citing research by analysts at UBS Group.
Despite bonus season looming large, Goldman Sachs has seen several staff depart its London-based rates trading business to take up new positions at hedge fund firms in recent weeks, according to a report by eFinancial Careers.
Hedgeweek’s fourth annual European Leadership Summit 2024 is set to feature some of the world’s largest hedge funds, with a host of high-profile firms joining the London event’s speaker line up.
The BlackRock Strategic Equity Hedge Fund, which is managed by star manager Alister Hibbert, was back in positive territory last year with a double-digit gain, having suffered its worst ever annual loss in the previous year, according to a report
San Francisco-based activist hedge fund firm ValueAct Capital, whose past targets have included Salesforce and Microsoft, scored a big gain form investors last year with the firm chalking up a 39% return, according to a report by Reuters.
The Securities and Exchange Commission has finally confirmed that it is to permit the creation and trading of spot bitcoin exchange-traded funds, with issuers and analysts anticipating billions of dollars of new flows as a result.
Multi-strategy major Millennium Management has named seven new Partners, including 35-year-old former Goldman Sachs Managing Director Dan Avery, who joined the firm as an index trader in October 2020, according to a report by eFinancial Careers.
