Dechert has added Robert Leonard and Michael Mavrides, both specialists in the formation and operation of hedge funds on behalf of domestic and international clients, as Partners in the firm’s financial services and investment management practice in New York. Leonard
Citadel’s flagship Wellington multi-strategy fund outperformed the broader hedge fund industry in the first six months of this year, racking up a return of 7.15%, according to a report by Reuters citing an unnamed source with knowledge of the matter.
European hedge funds have slashed their exposure to US banks since the beginning of the year, while more or less maintaining existing positions in their European peers, according to a report by Reuters. The report cites a recent client report
Man Group, the world’s largest listed hedge fund manager, is to acquire Varagon Capital Partners, a US middle market private credit manager with $11.8bn of assets under management and $15.4bn of total client commitments.
Morgan Stanley has recently lost the services of three operations directors – two MDs and an executive director – with all three leaving the bank to join hedge fund firms, according to a report by eFinancial Careers. Ashish Srivastava, who
Multi-strategy hedge fund major Citadel has continued its hiring spree with the addition of three new money managers to its Ashler Capital long-short equities trading business, according to a report by Bloomberg. The report cites a spokesman for the $59
The prospect of political change coupled with soaring inflation, which has pushed Argentina’s benchmark stock index to a record high, have prompted foreign hedge funds to weigh in on the country’s equities market, according to a report by Reuters. Argentina’s
New York-headquartered hedge fund Millennium Management is planning to expand its operation in India by launching a recruitment drive to fill more than 20 vacancies at its office in Bengaluru, according to a report by The Financial News. The report
Verition Fund Management has become the latest hedge fund to announce plans to open an office in Dubai, following a host of other managers who have expanded to the UAE’s financial hub, including BlueCrest, Millennium Management and ExodusPoint Capital Management,
Derivatives and securities exchange network Cboe Global Markets, has promoted Jill Griebenow to Executive Vice President, Chief Financial Officer and Treasurer, replacing Brian Schell who will be departing the company to pursue a new professional opportunity outside of the exchange
