Millennium Management has hired veteran equity investor Daniel Mazur as a senior portfolio manager, marking the latest move in the ongoing competition for investment talent among the largest multi-strategy hedge funds, according to a report by Business Insider.
Linedata, a solutions for hedge funds, asset managers, professionals, has launched Linedata Mosaic, a new workflow-unification platform designed to modernise front-office operations for traders and portfolio managers.
Female representation at senior partnership level across UK hedge funds, private equity firms and other financial services partnerships has shown little progress, according to a report by Reuters citing new research from law firm Fox & Partners.
Digital asset investment products saw inflows totalling $619m last week, with strong early-week demand offset by late-week outflows as oil prices rose despite weak payroll data, according to data from Coin Shares.
Two senior energy traders, Toby Sheppard and Max Iakovlev have left Balyasny Asset Management LP’s London office, according to a report by Bloomberg citing unnamed sources. Both were part of the firm’s power and gas trading team.
Several of the world’s largest hedge funds, including Coatue Management and Citadel posted losses last week as heightened volatility linked to the Iran conflict triggered sharp moves across global markets, according to a report by Bloomberg.
Bill Ackman has filed for two US IPOs covering both his hedge fund Pershing Square Capital Management and a newly created investment vehicle, in a move that would place the firm among a small group of publicly listed alternative asset
Activist Starboard Value LP is pressing Lamb Weston Holdings to accelerate cost reductions and review its Asian operations amid stagnant growth, recommending that the company increase its cost-saving target to $500m from the $250m planned by fiscal 2028, according to
Carmignac Gestion is backing an activist campaign led by UK-based Palliser Capital aimed at improving governance and unlocking shareholder value at LG Chem, the first time it has public-backed an activist investor’s proposals, according to a report by Bloomberg.
OneMove Capital is seeking to overhaul the board of Canadian software provider Sylogist Ltd, arguing the company has mishandled its shift to a cloud-based business model and overseen years of underperformance, according to a report by Bloomberg.
