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Jain Global is to return external capital and transition to managing money exclusively for Millennium Management, led by Izzy Englander (pictured), marking a significant strategic shift for the firm according to an exclusive report by Bloomberg.
Jane Street generated nearly $40bn in net trading revenue last year, widening its lead over rival market makers and several major Wall Street banks, according to a report by Reuters citing unnamed people familiar with the matter.
New regulatory filings have reinforced Millennium Management’s position as the largest employer in the hedge fund industry, underscoring the growing dominance of multi-manager “pod shop” platforms across global markets, according to a report by HedgeCo.
A worldwide investigation is underway after the collapse of Mars FX, a hedge fund that once reported steady double-digit gains, with around $600m now unaccounted for, according to a report by Bloomberg citing court filings and unnamed people familiar with the matter.
Lumenai Investments is preparing to launch what it says will be the first institutional hedge fund built around a fully “agentic” artificial intelligence architecture, marking a further step in the rapid integration of autonomous systems into investment management.
Institutional Shareholder Services (ISS) has recommended that shareholders of WEX Group support two director candidates put forward by activist investor Impactive Capital, aligning broadly with views expressed by other proxy advisers ahead of the company’s upcoming annual meeting, according to a report by Reuters.
Veteran hedge fund manager Ricky Sandler is closing Eminence Capital after 27 years and returning capital to investors, citing a sustained period of underperformance and rising structural challenges in the industry, according to a. Report by Business Times.
A hedge fund founded by Instacart co-founder Apoorva Mehta is using artificial intelligence agents to run much of its investment process, in one of the more aggressive attempts yet to replace traditional portfolio management with AI systems, according to a report by Bloomberg.
BMLL Technologies has partnered with SpiderRock to expand its cross-asset analytics offering, with the integration of SpiderRock’s US equity options print dataset into the BMLL Data Lab.
US asset manager Voya Financial is under increasing pressure from activist hedge fund TOMS Capital Investment Management to consider strategic alternatives, including a potential sale of the firm or divestment of parts of its business, according to a report by the Financial Times.
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