Hedge funds are looking to expand both their investment teams and business development capabilities in preparation for a busy 2026, with a record 45% of asset allocators planning to increase exposure to the sector, according to report by eFinancial Careers citing the findings of a recent survey by Goldman Sachs.
Schonfeld has brought in Michael Grad, formerly BlueCrest’s global head of business development, as Chief Investment Initiatives Officer in New York, while Citadel added Justas Povilenas in London to focus on fixed income hiring and Alana Althens in New York for equity quant talent. Brevan Howard has strengthened its London team with Rhydian Lawrence, a quant recruiter, and Oscar Willett, a veteran search professional.
Investment staff movements are also underway. Citadel appointed Florent Bénichou as head of US fixed income portfolio finance, bringing experience from Credit Agricole and a mathematics background from École Polytechnique in Paris.
