Linyun Fu, a software engineer at X who survived Elon Musk’s axing of 50% of jobs at the social media platform, has left the company after eight years to take up a new software engineering role at multi-strategy hedge fund
Farallon Capital Management, the San Francisco-headquartered multi-strategy hedge fund firm founded by Tom Steyer, has appointed Katie Mathieson as the Chief Compliance Officer (CCO) for Farallon Capital Europe effective 25 March, according to a report by Pensions & Investments Online.
Derivitec, an independent software vendor providing risk analytics solutions to hedge funds and family offices, has established an office in New York following a rapid rise in user numbers amongst its US clients.
Activist hedge funds have ramped up their campaigns at South Korean companies with 77 businesses targeted last year compared with just eight in 2019, marking a tenfold increase in activity according to a report by Chosun.
The Alternative Investment Management Association and its private credit affiliate the Alternative Credit Council have welcomed the publication of the updated Alternative Investment Fund Managers Directive (AIFMD) in the Official Journal of the EU.
Oil trader Pierre Andurand’s riskiest hedge fund, the Andurand Commodities Discretionary Enhanced hedge fund, has bounced back following a record 55% loss in 2023, gaining 20% so far this year, according to a report by Bloomberg.
Amid an ongoing debate over the cost of US equities, global hedge funds have been upping their exposure to European stocks while reducing portfolio holdings in North American companies, according to a report by Reuters.
Optimism that Saudi Arabia and its OPEC+ allies will continue to restrict production, coupled with an improving economic outlook boosting consumption, has prompted investors to purchase oil at the fastest rate seen in over four years, according to a report
Two former executives at Bridgewater Associates who were ousted from the hedge fund giant as part of a restructuring in 2023, took legal action to secure a “large payout” after accusing the firm of favouritism, and age and sex discrimination,
London-based, emerging markets-focused hedge fund firm Gemcorp Capital is putting together a 15-strong team to run its new new trading office, which is due to open in Abu Dhabi later this year, according to a report by Bloomberg.
