Managers
Millennium Management, the world’s largest multi-strategy hedge fund, is making significant strides in its global hiring efforts, with a particular focus on expanding its London equities team, according to a report by eFinancialCareers.
Dubai’s hedge fund community saw a significant 50% growth in 2024, with 75 funds now based in the emirate, according to a report by Fund Global MENA citing data from The Dubai International Financial Centre (DIFC).
JPMorgan Chase’s quantitative investment strategies (QIS) division has built a $100bn derivatives-linked trading book, delivering hedge fund-style exposures to a broad investor base at a fraction of the cost, according to a report by Bloomberg.
Hedge funds, including Millennium Management, Citadel, Balyasny Asset Management, and Squarepoint Capital, are increasingly recruiting meteorologists and climate data scientists as extreme weather events drive volatility in commodities markets, according to a report by Bloomberg.
Multi-strategy hedge funds are grappling with their most significant challenge since the early days of the pandemic as a sharp market selloff forces firms to rapidly unwind crowded trades, according to a report by Bloomberg citing sources familiar with the matter.
Hedge funds significantly reduced both long and short positions in Asia on Monday, following a wave of unwinding in the US and Europe last Friday, according to a report by Bloomberg citing a client note from Goldman Sachs Group Inc.
San Francisco City & County Employees’ Retirement System (SFERS) has allocated $100m to Qube Research & Technologies’ flagship Qube Fund, further strengthening its exposure to the multi-strategy hedge fund space, according to a report by Pensions and Investments Online.
Brad Schneider has rejoined Millennium Management from rival multi-strategy firm Citadel as a Senior Portfolio manager after previously working at the firm between 2018 and 2021, according to a report by eFinancialCareers.
Hedge fund Anson Funds is preparing for a proxy contest at Match Group, with plans to nominate multiple directors to the online dating giant’s 10-member board, according to a report by Reuters citing sources familiar with the matter.
Hedge fund deleveraging accelerated late last week, impacting European stock markets and European hedge fund managers’ returns, with the impact likely to continue this week, according to a report by Reuters, citing a client note from JPMorgan.
