Boston-based systematic hedge fund firm Acadian Asset Management (Acadian) has appointed Kelly Young as its new Chief Executive Officer. Young will retain her seat on the Acadian Executive Committee.

Options Technology, a Capital Markets services provider, has promoted Jenni Sellick to the position of Vice President, Legal and Commercial Manager as part of the company’s long-term succession strategy.

Wellesley Asset Management, an asset manager specialising in convertible bonds, has added David Clott, founder of the Morley (Aviva) Convertible Arbitrage hedge fund, to its Portfolio Management team.

Formidium, a specialist in fund administration and technology, has appointed John Manley as its new Chief Marketing Officer as part of a wider initiative to grow its presence in the hedge fund sector.

Calderwood, a Cayman Islands boutique fund governance firm, has expanded its senior team with two key appointments – Jason Perras and Rena Strecker – who both join as Independent Directors.

Energy investing remains a focus for Balyasny Asset Management, with the Chicago-headquartered hedge fund firm currently hiring traders in Denmark, Singapore, and possibly London, according to a report by Bloomberg.

BFAM Partners, the Hong Kong-based hedge fund founded by Benjamin Fuchs, has re-hired Eugene Fung, the former Co-head of the Global Financing & Products group at Credit Suisse, to run its credit business, according to a report by Bloomberg.

IG Prime, the institutional arm of IG Group, has added to its APAC team with the appointment of Andrew Wood as Institutional Sales Manager based in the company’s Sydney office, according top a report by Finance Magnates.

Options Technology, a Capital Markets services provider, has announced the promotion of Claire McKillen to the position of Vice President, Financial Controller

Hedge funds, including big name multi-strategy players Citadel and Millennium Management, are letting go of surplus staff as the year winds up, according to a report by eFinancial Careers.