The Hedge Fund Association has announced the results of its 2024 Global Board of Directors election, with the re-election of Bo Megginson and the election of Alex Contreras and Leanne Golding as new board members.
Naveed Malik, who spent nearly four years as the global head of systematic data at multi-strategy hedge fund major Millennium in New York, has joined the Abu Dhabi Investment Authority (ADIA) as the Global Head of Quantitative Research and Development,
Global alternative investment management firm Man Group, the world’s largest listed hedge fund firm, has appointed Lee Matthews as Managing Director, Head of Retail Sales for the UK, replacing Richard Phillips, who is retiring after 27 years with the firm.
Losses incurred during escalating market volatility in early August prompted Millennium Management, Balyasny Asset Management, and BlueCrest Capital Management to halt the operation of at least six traders and their investment pods, according to a report by Bloomberg.
Cheah Cheng Hye, the founder of Value Partners Group Ltd, is set to step down from his role as Co-Chairman as Chinese brokerage GF Securities Co, the hedge fund’s largest shareholder, continues to assert control over the firm.
Rick Lane, the former Chief Technology Officer for Core Engineering at hedge fund giant Citadel, has re-emerged at rival Millennium Management, taking on a role focused on trading technology, according to a report from eFinancial Careers.
John Overdeck and David Siegel, the feuding Co-Founders and Co-Chairmen of hedge fund Two Sigma, are to step down from the day-to-management of the firm, and are handing over control to two new Co-Chief Executive Officers.
Glazer Capital, an arbitrage and event-driven strategies-focused hedge fund firm, has appointed Erik Mahland as Director of Convertibles, a new role created to drive the firm’s expansion of its convertible arbitrage investments.
Millennium Management, the $68bn hedge fund multi-strategy major, has closed two of its investment teams in Asia, leading to the departure of two portfolio managers, according to a report by Bloomberg citing an unnamed source familiar with the situation.
Bridgewater (China) Investment Management, the Chinese subsidiary of US hedge fund giant Bridgewater Associates, is set to appoint a new portfolio manager, according to a report by Caixin Global.
