Point72 Asset Management’s systematic arm, Cubist Systematic Strategies, is ramping up its recruitment efforts, investing tens of millions of dollars to attract PhD graduates, quants from hedge funds, and high-frequency trading (HFT) experts, according to a report by Business Insider.
Sam Hou, head of Cubist Systematic Strategies, the systematic arm of Point72, has left the hedge fund to join quant fund Qube Research & Technologies, according to a report by eFinancialCareers.
Portfolio Manager Britney Lam who joined Magellan Capital in May, has left the Dubai-based hedge fund firm just months before its anticipated $700m launch and is no longer based in Dubai, according to a Bloomberg report, citing unnamed sources.
Cloud-native financial technology firm Clear Street has expanded its recently launched equity research offering with the addition of healthcare franchise led by Director of Research Mara Goldstein, initially focusing on the biotechnology sector.
Citadel has hired a second London-based Portfolio Manager from rival Elliott Investment Management, signalling its potential shift towards adopting activist strategies, according to a report by the Financial Times.
Having historically positioned themselves against local markets, Brazilian hedge funds saw significant gains in November as fiscal concerns drove market turmoil, reports BNN Bloomberg, marking only their third month of outperformance in 2024.
Two Seas Capital (Two Seas), an investment management firm that focuses on litigation-driven investments arising from restructurings, bankruptcies, and regulatory events, has appointed Altaf Mackeen as Managing Director and Head of Research, effective 1 January, 2025.
Fred Desobry, a former portfolio manager at BlueCrest Capital, has joined London-based crypto hedge fund Bastion Asset Management as its Chief Investment Officer as crypto trading continues to gather momentum, according to a report by eFinancial Careers.
Citadel has strengthened its operations team with the addition of Gerald Walker who will focus on options-related activities for both the hedge fund and its sister company, market-maker Citadel Securities, according to a report by eFinancial Careers.
Hedge fund Garda Capital Partners has filed a lawsuit against rival Schonfeld Strategic Advisors, alleging it unlawfully lured away one of its most prominent fixed-income portfolio managers, Nicolas Monaghan, in violation of his non-competition agreement, according to a report by
