Multi-strategy major Citadel saw positive performance across all of its investment strategies in the first quarter of the year, with the firm’s flagship investment vehicle, the Wellington fund, posting a 5.75% gain, according to a report by Reuters.
Successful activist bets have helped Third Point, the New York-based hedge fund firm founded by Daniel Loeb, to record an 8% return for its main offshore fund and a 8.7% gain for its Ultra strategy so far this year, according
GoldenTree Asset Management, the $54bn global credit hedge fund firm founded by Steve Tananbaum, has closed its third CLO strategy, GoldenTree Loan Management (GLM) III with commitments of $1.3bn, ahead of its $1bn target.
Citadel has appointed Zheng Wang, a former Senior Software Engineer at San Francisco-based self-driving vehicle technology specialist Cruise, as a software Engineer based in the multi-strategy major’s New York headquarters.
Gregory Ciongoli, a partner in the public investment group at The Baupost Group, has left the $23bn value-oriented, multi-strategy hedge fund firm, which is headed by Chef Executive Officer and Portfolio Manager Seth Klarman, according to a report by Pensions
Lawsuits brought by Aurelius Capital Management and other hedge funds seeking payments on securities linked to the performance of Argentina’s economy, have been dismissed by a federal court in Manhattan, according to a report by Bloomberg.
New hedge fund launches fell while liquidations were steady in Q4 to conclude 2023 as managers positioned for falling inflation and an improving economic outlook, albeit with geopolitical risk rising to historic levels, according to the latest HFR Market Microstructure
Axiom Alternative Investments, an independent asset manager specialising in European financial stocks has expanded its fund offering with the launch of a new long-short equity strategy – Axiom Long Short Equity – which will be managed by Antonio Roman.
BitMEX, one of the world’s largest crypto trading platforms, has expanded its partnership with Solidus Labs, a crypto-native market integrity solutions provider, to bolster surveillance of crypto derivatives trading.
Dr Clemens Völkert, Chief Risk Officer of European Commodity Clearing will leave the company at the end of March 2024. Völkert, who has held the position since July 2021, did not seek an extension of his contract for personal reasons.
