Verition has hired Melanie Payne as commodities chief operating officer in London, adding senior operational expertise as the multi-strategy hedge fund continues to expand its commodities platform, according to a report by eFinancial Careers.
Macro hedge funds are increasing bets that the yen will strengthen beyond JPY150 against the dollar by the end of the year, with some longer-dated options positions targeting a move towards JPY140, according to a report by Bloomberg.
Corn prices are heading for their longest losing streak since June, putting pressure on hedge funds after money managers built their most bullish net position in the crop on record, according to a report by Bloomberg.
Credit-focused hedge fund GoldenTree Asset Management has appointed Ellen Conti as chief financial officer, bringing in a senior finance executive with experience at Sculptor Capital and other alternative investment managers, according to a report by Bloomberg.
Marex has appointed Allison DiClemente as global head of capital introduction, putting her in charge of a 13-person team tasked with helping hedge fund managers connect with institutional investors across key global markets.
Hedge fund manager Brian Kelly has built a trading firm around artificial intelligence agents rather than a traditional investment team, cutting annual labour-related costs from an estimated $5m to as little as $40,000, according to a report by CNBC.
Regulatory consultancy Iron Road Partners has hired James “Jim” McGovern as managing director, adding a former US Securities and Exchange Commission enforcement official with extensive experience running compliance functions at hedge fund managers.
Starteepo, a major shareholder in Xerox, is pushing the printer and business technology company to take steps to unlock value, including a strategic review of its financial services operation and a significant reduction in leverage, according to a report by
Millennium Management is approaching the $100bn asset milestone as founder Izzy Englander continues to expand the multi-strategy hedge fund’s capital base, through a combination of scale and consistently strong returns, according to a report by Bloomberg.
CI Capital Asset Management is preparing to launch what is expected to be Egypt’s first equity-focused hedge fund, targeting EGP250m in assets during its first year of trading, according to a report by EnterpriseAM.
