Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX and hedge fund Alameda Research, has submitted a formal request for a presidential pardon from US President Donald Trump, according to a report by Bloomberg citing records from the US
DE Shaw has joined a growing number of hedge funds expanding incentive structures that encourage employees to reinvest performance-linked bonuses back into in-house investment products, as competition for talent intensifies across the industry, according to a report by eFinancial Careers.
Concerns are mounting that increasingly crowded positioning among hedge funds could amplify losses in the event of a broader market downturn, following Friday’s sharp equity sell-off that interrupted a prolonged rally driven by AI-related trades, according to a report by
Partners Group co-founder Alfred Gantner has dismissed recent criticism from short-seller Grizzly Research and described the sharp decline in the firm’s share price as an excessive market reaction driven by misinformation and broader sector concerns, according to a report by
Point72 Asset Management is evaluating whether to broaden its use of external trading intelligence by developing a platform that would compensate other hedge funds for investment ideas and market signals, according to a report by Bloomberg citing unnamed people familiar
Multi-strategy hedge fund major Millennium Management is seeking to expand its footprint in India by establishing a local investment-management operation, according to a report by Bloomberg citing unnamed people familiar with the matter.
Schonfeld Strategic Advisors is preparing to establish a new office in Zurich, further expanding its presence in Europe as competition intensifies among multi-strategy hedge funds seeking to attract and retain investment talent, according to a report by Bloomberg.
AI is an increasingly important tool for hedge funds and asset managers operating in credit markets, but the tech is being used primarily to enhance investment processes rather than replace investment professionals, according to report by the Financial Times citing
Hedge funds are intensifying bearish bets against a range of customer experience and business process outsourcing companies as concerns mount that advances in artificial intelligence could fundamentally reshape the sector, according to a report by the Financial Times.
Universal Music Group shares came under pressure after Bill Ackman’s Pershing Square Capital Management completed the sale of its remaining stake in the company, ending a multi-year investment that had previously included an unsuccessful takeover attempt, according to a report
