Citadel boss Ken Griffin may hold Miami in high regard as a financial hub, but many New York-based hedge fund portfolio managers remain uncovinced about the city’s merits over NYC, despite renewed political tensions in the Big Apple, according to
A high-profile macro trader has switched employers at the last moment, abandoning a planned move to Millennium Management in favour of joining Citadel, underscoring intensifying competition for elite hedge fund talent, according to a report by Bloomberg.
Man Group, the world’s largest listed hedge fund firm, has added to its team in New York with the appointment of Eisler Capital senior portfolio manager Allan Levin as a portfolio manager, according to a post on his LinkedIn profile.
Wall Street bonus pools are expected to be broadly flat in 2026, although hedge fund professionals are expected to see continued compensation growth but at a more measured pace than in the most buoyant post-pandemic years, according to a report
Brazilian hedge fund SPX Capital is undergoing a significant organisational reshuffle, with senior portfolio managers, including partner Marcelo Castro, departing and the firm set to close its London office as part of a broader strategic overhaul, according to a report
Sculptor Capital Management is reshaping its investment leadership framework as it prepares for a potential future without chief investment officer Jimmy Levin, introducing a new governance model designed to support succession and long-term stability.
Motive Partners has appointed former Citadel chief technology officer Umesh Subramanian as a partner, tasking him with leading the firm’s artificial intelligence initiatives as it deepens its focus on technology-driven investing, according to a report by Bloomberg.
Paloma Partners is reducing headcount by nearly a dozen employees, including senior strategy, marketing, and compliance roles, as the $1.1bn multi-strategy hedge fund continues a broader restructuring under its current leadership, according to a report by Business Insider.
Verition Fund Management has experienced notable turnover in its credit trading team, with two senior hires from major investment banks reportedly leaving the firm within a relatively short period after joining, according to a report by eFinancial Careers.
Point72 Asset Management founder Steve Cohen is reshaping the hedge fund’s senior leadership framework, introducing an executive committee model while stepping back from the president title in a move aimed at supporting the firm’s continued growth and succession planning, according
